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W1siziisijiwmtcvmdyvmjcvmtgvntevmjyvyjg2owzjnzctzwizos00mgi3ltllytctmmm3mtkzmjjknzmwlzexyjuxy2jhowfhztc1mgq3nge1nmqxntmwzwi3zdkylmpwzyjdlfsiccisinrodw1iiiwiodb4njaixv0?sha=b82793828b771eea TAP President replaced
Trans Adriatic Pipeline AG (TAP) announced today the appointment of Luca Schieppati as Managing Director and Walter Peeraer as President, both starting on 27th June 2017. Luca Schieppati will replace the current Managing Director Ian Bradshaw, APA has learned from the Consortium.

W1siziisijiwmtcvmdyvmjcvmtyvmzcvntivmdqwmdjkyzutnjk5mi00m2rjlwewzdytmdq1y2qwzjzlntjkl3bvdgf0b3nfmtgwmje2lmpwzyjdlfsiccisinrodw1iiiwiodb4njaixv0?sha=d71d556be435bd74 Kazakhstan returns over 80 tons of infected Azerbaijani potatoes
An inspection of quarantine products of high phytosanitary risk has revealed violations, according to Kazakh and the Eurasian Economic Union legislation, the Kazakh Ministry of Agriculture said June 27.

W1siziisijiwmtcvmdyvmjqvmdkvmjavndyvnjdjnwyyztgtmzg5yi00nwzhlwe2otktmgi0ntrmmdc2ndu3l2ltywdllmpwzyjdlfsiccisinrodw1iiiwiodb4njaixv0?sha=60576c84b09623c6 Credit Suisse: Fed will raise rates 3 times in 2018
If the bank's forecasts come true, this implies a much stronger strengthening of US-dollar.



TAP President replaced
Trans Adriatic Pipeline AG (TAP) announced today the appointment of Luca Schieppati as Managing Director and Walter Peeraer as President, both starting on 27th June 2017. Luca Schieppati will replace the current Managing Director Ian Bradshaw, APA has learned from the Consortium.

Kazakhstan returns over 80 tons of infected Azerbaijani potatoes
An inspection of quarantine products of high phytosanitary risk has revealed violations, according to Kazakh and the Eurasian Economic Union legislation, the Kazakh Ministry of Agriculture said June 27.

Credit Suisse: Fed will raise rates 3 times in 2018
If the bank's forecasts come true, this implies a much stronger strengthening of US-dollar.

Indian airline plans to fly to Azerbaijan, Uzbekistan, Kazakhstan, Iran
Indian low cost carrier, GoAir, plans to launch direct flights to nine countries, including Azerbaijan, Uzbekistan, Kazakhstan, Iran, China, Vietnam, Maldives, Qatar and Saudi Arabia until the yearend, Indian media outlets reported June 24.

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

Yearly budget transfers from advertising may rise 10-fold
On June 20, Azerbaijani president Ilham Aliyev issued a decree on establishment of State Advertising Agency.

OPEC, non-OPEC reach conformity level hits 106%
The OPEC and participating non-OPEC producing countries recorded the highest conformity ever with their voluntary adjustments in production, achieving a level of 106 percent, AzerNews reports citing the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC).

Azerbaijan officially banned use and rent of foreign SIM cards
Azerbaijani President Ilham Aliyev has signed the amendments to the Law on Telecommunications, adopted by Milli Majlis on 16 May (Law #672-VQD).

SOCAR’s 2D survey on offshore block continues successfully
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
Main directions of 2017 state budget revenues have been announced, APA reports.

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

Central bank reduces discount rate to 10%
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
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
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
"Current monetary policy in the country is not unambiguous."

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

Azerbaijan Caspian Shipping overhauls large ferry
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
Azerbaijani president Ilham Aliyev has issued an order on establishment of State Advertisement Agency.

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

Azerbaijan’s 2017 budget to be revised
The state budget of Azerbaijan for 2017 will be revised.

SOCAR applies to Georgian government for increase of gas price
Natural gas price may rise 5 tetri in Georgia.

AZAL purchases four B787-Dreamliner aircrafts
"The decision to order additional 787 Dreamliners represents significant growth opportunities for Azerbaijan Airlines."

Azerbaijan 48th in ITU Global Cybersecurity Index
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
A bilateral currency auction involving SOFAZ has been held at the Central Bank today.

Azerbaijan records explosive growth of gold production
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
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
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
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
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
Flights from Baku to Bangkok will be operated on Tuesdays and Sundays.

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

Azerbaijan, Georgia discuss tourism cooperation
The Georgian minister hailed tourism innovations in Azerbaijan.

3 mln allocated for capital repair of highway in Bilasuvar
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
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
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
Azerbaijan and Georgia discussed the possibility of joint exports to other countries, the Azerbaijani Ministry of Economy said June 14.