New appointment to the management of the Petkim

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More from Economy

Alternative power generation increases in Azerbaijan

20.03.2017 22:45 GMT

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Volume of generation in thermal power plants increased by 4.5%.

Azerbaijan-based banks’ net worth exceeds AZN 2B

18.03.2017 00:18 GMT

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As of January 31, 2017, Azerbaijan-based 32 banks’ assets stood at AZN 32,407,100,000, liabilities at AZN 30,347,500,000.

Huawei, Nakhchivan Autonomous Republic sign agreement

17.03.2017 22:54 GMT

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The Ministry of Communication and Advanced Technologies of Nakhchivan Autonomous Republic has signed an agreement with Huawei company on replacing telecommunications network with the new generation phone stations in the territory of Ordubad district.

Azerbaijan creates Association of Packaging Industry

17.03.2017 22:04 GMT

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The Association of Packaging Industry has been created in Azerbaijan with the support of the country’s Economy Ministry and National Confederation of Entrepreneurs, Trend reports.

AZN 3 million allocated to Caucasian Muslims Board

17.03.2017 21:10 GMT

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Azerbaijan’s President Ilham Aliyev has signed an order on financing several events to be held by the Caucasian Muslims Office in connection with the announcement of 2017 as the ‘Year of Islamic Solidarity’ in the country.

USD rate continues to decline

17.03.2017 17:45 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 27.

Azerbaijani MP slams local banks for taking advantage of people's hardships

17.03.2017 15:53 GMT

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"It is clear that citizens taking loans at high interest will not be able to repay for them."

Azerbaijan gets 17% rise in gasoline production

17.03.2017 14:13 GMT

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Azerbaijan produced oil products worth AZN 401,000,000 in January-February 2017, down 6.1% from previous year.

Azerbaijan sees rise in consumption market

17.03.2017 11:31 GMT

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In January-February 2017, the worth of sold products and rendered services amounted to AZN 6.3 billion, up 0.5% from previous year.

Azerbaijan stops truck manufacture

17.03.2017 11:26 GMT

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In January-February of 2017, Azerbaijan manufactured machinery and equipment, transport facilities, cars and trailers worth AZN 19.4 million.

Construction of unique Ro-Pax ferries starts in Azerbaijan

16.03.2017 20:58 GMT

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Baku Shipyard LLC has started construction of two new unique Ro-Pax (roll-on/roll-off passenger) ferries, Azerbaijan’s Economy Minister Shahin Mustafayev said Mar. 16.

State budget executed with AZN 179M surplus in January-February

16.03.2017 17:46 GMT

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In January-February 2017 AZN 2,370,500,000 was transferred to the state budget, AZN 2,191,700,000 was spent, Ministry of Finance reported.

USD rate for tomorrow announced

16.03.2017 17:30 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 17.

AZAL launches a new discount campaign

16.03.2017 16:35 GMT

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Azerbaijan Airlines (AZAL) announced the launch of a new campaign due to Novruz holiday.

AZN 10B asset transferred from IBA

16.03.2017 15:45 GMT

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The government has allocated AZN 1.151 billion to the International Bank of Azerbaijan (IBA) since 2012, says the report by Fitch Ratings about IBA.

Fitch announces its forecast on inflation and manat rate in Azerbaijan

16.03.2017 12:38 GMT

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Average annual inflation in Azerbaijan will make up 9% in 2017, the experts Fitch Ratings said at the 6th annual conference in Azerbaijan.

US Federal Reserve’s decision may indirectly affect Azerbaijan – Central Bank

16.03.2017 11:45 GMT

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"The US Federal Reserve’s decision may have indirect impacts on Azerbaijan."

Fitch expects more Azerbaijani banks to meet failure in 2017

16.03.2017 10:54 GMT

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Fitch international rating agency expects failure of more Azerbaijani banks in 2017, as well cleaning-up measures in the sector, especially enhancement of assets.

Azerbaijani tax ministry exceeds tax revenue forecast

15.03.2017 23:32 GMT

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Tax revenues of the Azerbaijani state budget reached almost 939.14 million manats in January-February 2017 that exceeds the forecast by 5.2 percent, said the country’s Ministry of Taxes Mar. 15.

Fed raises rates as job gains, firming inflation stoke confidence

15.03.2017 22:37 GMT

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The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target, Reuters reported.

AZALJET launches flights from Azerbaijani regions to Moscow

15.03.2017 19:52 GMT

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AZALJET, low-cost brand of Azerbaijan Airlines, starts regular flights from Moscow Vnukovo Airport to Azerbaijani regions - Ganja and Gabala from March 15.

USD rate for tomorrow announced

15.03.2017 17:50 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for March 16.

Bank of America: Manat has great potential to be strengthened

15.03.2017 16:46 GMT

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Azerbaijani manat has a great potential to be strengthened, Chief Economist of Bank of America on Russia and CIS Vladimir Osakovsky said in his article.

GDP increases 0.4% in Azerbaijan

15.03.2017 16:10 GMT

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In January-February 2017, the Gross Domestic Product (GDP) made up AZN 10,042,600,000, up 0.4% from previous year, said a statement from the State Statistical Committee.

Armenia uses water reserves of Sarsang Reservoir as a tool of political threat

15.03.2017 12:24 GMT

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Sarsang Reservoir has become dilapidated in the wake of Armenia’s aggression.

GDP increases 0.4% in Azerbaijan

15.03.2017 11:53 GMT

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In January-February 2017, the Gross Domestic Product (GDP) made up AZN 10,042,600,000, up 0.4% from previous year, said a statement from the State Statistical Committee.

Heydar Aliyev International Airport recognized as best airport in CIS countries

15.03.2017 11:37 GMT

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Heydar Aliyev International Airport has been awarded the prestigious Skytrax World Airport Awards, according to AzerTag.

Azerbaijan, Ukraine discuss projects in ship and aircraft building

15.03.2017 09:28 GMT

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Ukrainian President Petro Poroshenko has held a meeting with a delegation of Azerbaijan led by Minister of Economy Shahin Mustafayev.

Sponsor of Caspian Energy Forum Baku-2017 announced

14.03.2017 21:25 GMT

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Cross Caspian Oil and Gas Logistics LLC has become a sponsor of the 4th International Caspian Energy Forum-2017 (www.caspianenergyforum.com) which will be held in Baku on April 12.

USD rate declines at today's auction

14.03.2017 14:57 GMT

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Today, a bilateral currency auction was held at the Central Bank, in which SOFAZ also participated.

Azerbaijan to open Trade House in Kiev

14.03.2017 10:07 GMT

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Ukranian PM Vladimir Groysman met with Azerbaijan's Minister of Economy Shahin Mustafayev who is on an official visit to Kiev.

Business workshop on Azerbaijan sparks great interest of Japanese businessmen

13.03.2017 21:50 GMT

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A business workshop on Azerbaijan has sparked great interest of Japanese businessmen in the city of Fukuoka. The workshop was organized by Cross Border Club office in Fukuoka.

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