Credit Suisse: Fed will raise rates 3 times in 2018

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More from Economy

Azerbaijan to have five non-working days on Eid al-Fitr

23.06.2017 11:56 GMT

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Azerbaijan will have five non-working days on Eid al-Fitr.

SOCAR’s 2D survey on offshore block continues successfully

22.06.2017 20:16 GMT

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Azerbaijani state oil company SOCAR is successfully holding a 2D seismic survey at the Sangachal-Duvanni-Khara-Zira block of fields, SOCAR said in a message June 22.

Main directions of 2017 state budget revenues announced

22.06.2017 19:56 GMT

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Main directions of 2017 state budget revenues have been announced, APA reports.

USD rate for tomorrow announced

22.06.2017 17:38 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for June 23.

Central bank reduces discount rate to 10%

22.06.2017 10:45 GMT

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Management Board of the Central Bank of Azerbaijan (CBA) held the next meeting on June 21, CBA told APA-Economics.

ASAN Innovation Center and Mastercard sign memorandum

22.06.2017 00:30 GMT

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Mastercard and leading public institution in Azerbaijan “Innovation Center” signed memorandum on financial literacy projects and contribution to the vision of “Cashless Azerbaijan”.

SOCAR drilling new well on Oil Rocks field

21.06.2017 21:46 GMT

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Azerbaijan’s state oil company SOCAR will additionally produce around 3,650 tons of oil and 365,000 cubic meters of gas annually through commissioning of a new well which is being drilled on the Oil Rocks offshore field, SOCAR said in a message June 21.

Discount rate may be reduced down to 12% - ABA

21.06.2017 15:02 GMT

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"Current monetary policy in the country is not unambiguous."

Astana to host Azerbaijani-Kazakh tourism forum

21.06.2017 00:28 GMT

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An Azerbaijani-Kazakh tourism forum will be held in Astana on June 28.

Azerbaijan Caspian Shipping overhauls large ferry

20.06.2017 20:41 GMT

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Azerbaijan Caspian Shipping CJSC has completed the overhaul of the “Academician Zarifa Aliyeva” ferry at the Zykh ship repair plant, the company said in a message.

Azerbaijan establishes State Advertisement Agency

20.06.2017 19:13 GMT

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Azerbaijani president Ilham Aliyev has issued an order on establishment of State Advertisement Agency.

USD rate for tomorrow announced

20.06.2017 17:32 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for June 21.

Azerbaijan’s 2017 budget to be revised

20.06.2017 16:39 GMT

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The state budget of Azerbaijan for 2017 will be revised.

SOCAR applies to Georgian government for increase of gas price

20.06.2017 16:31 GMT

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Natural gas price may rise 5 tetri in Georgia.

AZAL purchases four B787-Dreamliner aircrafts

20.06.2017 16:05 GMT

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"The decision to order additional 787 Dreamliners represents significant growth opportunities for Azerbaijan Airlines."

Azerbaijan 48th in ITU Global Cybersecurity Index

20.06.2017 15:26 GMT

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Azerbaijan stands 48th in the Global Cybersecurity Index (GCI) of the International Telecommunication Union (ITU) with 0.559 points.

USD rate declines at today's auction

20.06.2017 14:14 GMT

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A bilateral currency auction involving SOFAZ has been held at the Central Bank today.

Azerbaijan records explosive growth of gold production

20.06.2017 10:09 GMT

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Over Jan-May 2017 production totaled 1,741.6 kg of gold (+1,369.3 kg in May) and 109.7 kg of silver (+40.6 kg in May).

International Bank of Azerbaijan changes plan on restructuring of obligations

20.06.2017 00:57 GMT

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The process of voting on the plan of voluntary restructuring of obligations of the International Bank of Azerbaijan to foreign creditors has begun, which will end on July 18, 2017, the Bank told APA-Economics.

EU seeks to extend Southern Gas Corridor to Central Asia

19.06.2017 23:20 GMT

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EU will continue to seek to extend the Southern Gas Corridor to Central Asia, reads a document of the EU adopted on June 19, APA-Economics reports.

Azerbaijan, Iran, Georgia, Ukraine, Poland eye to create new logistics product

19.06.2017 21:32 GMT

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The purpose of the joint work on the South-West corridor, which comprises railways of Azerbaijan, Iran, Georgia, Ukraine and Poland, is to create a new attractive logistics product, head of Azerbaijan Railways CJSC Javid Gurbanov told a meeting with officials from the five countries’ railway authorities in Baku.

Azerbaijan: 200,000 tons of cargo to go via South-West corridor by year-end

19.06.2017 19:50 GMT

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Participants of the South-West corridor are planning to transport up to 200,000 tons of cargo via the corridor until late 2017, Javid Gurbanov, head of Azerbaijan Railways CJSC, told Trend June 19.

AZAL opens direct flight to Bangkok

19.06.2017 11:43 GMT

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Flights from Baku to Bangkok will be operated on Tuesdays and Sundays.

Azerbaijan’s non-oil economy grows

18.06.2017 23:57 GMT

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Azerbaijan’s GDP volume reached 25.34 billion manats in January-May 2017 that is by 0.9 percent less than in the same period of 2016, according to a report of the country’s State Statistics Committee.

About 75% of Azerbaijan’s tax revenues came from non-oil sector in Jan.-May

17.06.2017 09:28 GMT

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About 75% of Azerbaijan’s tax revenues came from non-oil sector in Jan.-May.

Azerbaijan, Georgia discuss tourism cooperation

16.06.2017 16:50 GMT

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The Georgian minister hailed tourism innovations in Azerbaijan.

3 mln allocated for capital repair of highway in Bilasuvar

15.06.2017 19:00 GMT

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President Ilham Aliyev has signed an order on measures concerning the capital repair of the highway in Bilasuvar district between 1st and 11th settlements, where 18,000 IDPs from the Jabrayil district are settled.

Another 9 mln allocated for reconstruction of Jojug Marjanli

15.06.2017 18:58 GMT

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Azerbaijani President Ilham Aliyev has signed an order on the allocation of additional 9 million manats for the reconstruction of the Jojug Marjanli village of Jabrayil district, APA reported.

Azerbaijan, Iran sign document on construction of loading and unloading terminal

15.06.2017 09:09 GMT

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Railway Departments of Azerbaijan and Iran have signed a document on the construction and operation of the Astara loading and unloading terminal.

Azerbaijan, Georgia mull possibility of joint export to other countries

14.06.2017 23:05 GMT

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Azerbaijan and Georgia discussed the possibility of joint exports to other countries, the Azerbaijani Ministry of Economy said June 14.

Fed raises interest rates

14.06.2017 22:00 GMT

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The Federal Reserve raised interest rates on Wednesday for the second time in three months, citing continued U.S. economic growth and job market strength, and announced it would begin cutting its holdings of bonds and other securities this year, Reuters reports.

Azerbaijan most popular travel destination for Russians among CIS countries

14.06.2017 20:27 GMT

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Azerbaijan was more popular among the CIS countries than Georgia for the Russian tourists in January-March 2017, says the popular tourist portal TurStat.

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