S&P keeps SOCAR’s ratings unchanged

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More from Economy

Procedure of driving license replacement for foreigners simplified in Azerbaijan

22.05.2017 11:25 GMT

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The Cabinet of Ministers has introduced changes into the decision on Regulations on the rules of taking exams to get a driving license to operate a transport means and issuance of a driving license.

SOCAR Methanol reveals production volume since early 2017

19.05.2017 23:49 GMT

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The methanol plant of Azerbaijan’s state-owned company SOCAR produced 56,610 tons of methanol since early 2017, SOCAR Methanol LLC said in a message May 19.

AZN 4.5M allocated for development of sericulture

19.05.2017 19:28 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on additional measures regarding improvement of material and technical base of the sericulture.

Georgia increases car export to Azerbaijan by 62%

19.05.2017 12:27 GMT

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Georgia has increased car export to Azerbaijan by 62%.

Azerbaijan, Qatar discuss establishment of joint investment fund

19.05.2017 00:12 GMT

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Azerbaijan and Qatar have discussed the establishment of a joint investment fund, AzerTag reports.

SOCAR commissions new well in Caspian Sea

18.05.2017 21:27 GMT

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Azerbaijan’s state oil company SOCAR will additionally produce 4,380 tons of oil and 365,000 cubic meters of gas annually through commissioning of a new well at the Oil Rocks offshore field, SOCAR said in a message May 18.

Sofia hosts conference on 25th anniversary of Azerbaijan-Bulgaria diplomatic rel

18.05.2017 21:11 GMT

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A conference on the theme "Bulgaria, Azerbaijan: 25 years of diplomatic relations, AzerTag reports.

Polish companies focus on Azerbaijani agrarian sector

18.05.2017 21:06 GMT

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The 23rd Azerbaijan International Food Industry Exhibition kicked off in Baku May 17 and will run till May 19, Trend reports.

New memorandum to introduce Islamic banking in Azerbaijan

18.05.2017 11:38 GMT

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AACC and ICD plan to host first investment forum in Baku.

Azerbaijan’s currency reserves exceed international norms – central bank

18.05.2017 11:34 GMT

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As of March 31, 2017 the volume of foreign currency reserves of the Central Bank of Azerbaijan stood at $4,433,000,000, said the Central Bank of Azerbaijan’s Monetary Policy Review for January-March 2017.

Total length of Azerbaijan’s transnational pipelines to reach 9,000 km

18.05.2017 00:31 GMT

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Currently, the total length of the transnational pipelines operated in Azerbaijan exceeds 5,500 kilometers, said president of Azerbaijan’s state oil company SOCAR Rovnag Abdullayev.

Sergey Luzyanin: Classic Silk Road via Azerbaijan is the most promising

17.05.2017 21:05 GMT

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“The route of the International Transport Corridor of the Silk Road Economic Belt via Azerbaijan is the most promising and the most classical route among all six main corridors,” head of the Institute of Far Eastern Studies of Russian Academy of Sciences, member of the Russian Council on International Affairs Sergey Luzyanin told “Vestnik Kavkaza".

Baku to host Bavaria-Azerbaijan business forum

17.05.2017 19:51 GMT

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The Bavaria-Azerbaijan Business Forum will be held on the occasion of the delegation’s visit under the direction of the Secretary of State in the Bavarian State Ministry of Economic Affairs and Media, Energy and Technology, Mr. Franz Josef Pschierer and the Bavarian companies in Azerbaijan on May 31, 2017, AHK Azerbaijan said May 17.

ICD signs MOU with AACC to introduce Islamic banking in Azerbaijan

17.05.2017 19:25 GMT

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The Islamic Corporation for the Development of the Private Sector (ICD), the private sector arm of Islamic Development Bank (IDB) Group, has signed Memorandum of Understanding (MOU) with the Association For Azerbaijan-Arab Countries Cooperation (AACC) in order to introduce Islamic banking products in Azerbaijan and to lobby for changes in Azerbaijan banking legislation in order to incorporate Islamic banking.

USD rate for tomorrow announced

17.05.2017 17:41 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for May 18.

Belarus plans to sign trade promotion agreement with Azerbaijan

17.05.2017 17:31 GMT

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"We have established information exchange."

Export of Azerbaijan’s agricultural products up by 44% - Minister

17.05.2017 14:17 GMT

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Export of Azerbaijan’s agricultural products rose by 44 percent in January-April 2017 as compared to the same period of 2016, said the country’s Agriculture Minister Heydar Asadov.

OPEC suffers decline in export revenues: EIA

17.05.2017 00:40 GMT

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Net oil export revenues of OPEC countries fell 15 percent last year, according to the Energy Information Administration (EIA, APA reports quoting Anadolu agency.

SOCAR to drill 4 new wells at Gunashli field

16.05.2017 23:25 GMT

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Azerbaijan’s state oil company SOCAR will additionally produce about 116,800 tons of oil and 14.6 million cubic meters of gas through drilling of four new wells at the Gunashli offshore field, SOCAR said in a message posted on its website May 16.

Lada decreases sale in Azerbaijan 86%

16.05.2017 15:47 GMT

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In the first quarter of 2017 Russia’s Lada car manufacturer exported 1,664 cars to European countries, up 102% from previous year.

Documents required of journalists for new apartments specified

16.05.2017 12:32 GMT

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A new commission has been created for determining rules and terms for new apartments meant for journalists in Azerbaijan.

EU remains as main foreign trade partner of Azerbaijan

16.05.2017 12:03 GMT

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Azerbaijani residents traded with physical and juridical persons of 149 countries in January-March 2017, 143 countries exported goods to Azerbaijan, 84 countries imported from Azerbaijan.

Azerbaijan sets rules regarding public beaches

16.05.2017 11:54 GMT

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Amendments to Land Code were discussed at today’s meeting of Agrarian Committee of the Azerbaijani Parliament.

Azerbaijan approves list of services licensed on private medical activity

16.05.2017 11:08 GMT

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The Cabinet of Ministers has approved the “List of services and works licensed on private medical activity.

"Fitch" and "Moody`s" revise rating of International Bank of Azerbaijan

15.05.2017 20:58 GMT

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The International Bank of Azerbaijan (IBA) at the next stage of the recovery process started voluntary restructuring of liabilities to foreign creditors of the Bank, as a result of which the international rating agencies Fitch and Moody's revised the rating of the IBA, APA reports quoting the press service of the bank.

Minister: Azerbaijan Europe’s reliable partner in energy supplies

15.05.2017 20:49 GMT

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Azerbaijan is a reliable partner of Europe in providing energy supplies and their diversification, said Bulgaria’s Energy Minister Temenuzhka Petkova.

World port and harbor leaders to gather in Azerbaijan

15.05.2017 20:36 GMT

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The 30th International Association of Ports and Harbors (IAPH) World Ports Conference has decided that Azerbaijan will host the next gathering of the Association. A delegation of Baku International Sea Trade Port CJSC attended the conference, which was held in Bali, Indonesia.

SCC releases statement on reports regarding import of Armenian products

15.05.2017 19:11 GMT

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State Customs Committee has released statement on reports regarding import of Armenian agricultural products to Azerbaijan, APA reports.

USD rate for tomorrow announced

15.05.2017 17:42 GMT

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

Azerbaijan gets 9.5% decline in oil production

15.05.2017 12:29 GMT

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In January-April 2017, the production in industrial sphere amounted to AZN 12.6 billion, down 6% from previous year.

Azerbaijani banks stop cashing from business cards

15.05.2017 12:10 GMT

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Some commercial banks based in Azerbaijan have sopped cashing from special plastic cards issued to entrepreneurs.

Agreement on oil production cut may be extended for a longer time

15.05.2017 10:46 GMT

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OPEC countries and countries outside the cartel participating in the deal on reducing oil production reached a full consensus on extending the deal.

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