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W1siziisijiwmtcvmdqvmjqvmtavntqvndevmwm4yzk0zjytzdczos00zjm1ltkwogqtzwe0zwuwzdkynzqzl2ltywdllmpwzyjdlfsiccisinrodw1iiiwiodb4njaixv0?sha=a8dc2770e26713be Azerbaijan spends $859 mln to build a drilling rig
Since the construction of a new generation floating drilling rig in Azerbaijan from the State Oil Fund (SOFAZ), this project has been allocated $859.7mln.

W1siziisijiwmtcvmdqvmjqvmdkvmtqvmzmvotlinjnin2etmgzkns00mtawlwfkmtytzdgyyzcxzdjkzgy1l2ltywdllmpwzyjdlfsiccisinrodw1iiiwiodb4njaixv0?sha=6a3d4ea9f4bf8122 Investments to Azerbaijani financial sector grow
AZN 0.4 mln investment has been made to financial sector of Azerbaijan in the first quarter of 2017.

W1siziisijiwmtcvmdqvmjmvmjivntevntmvodmyngvizwytzweyny00odq0lwjmzdgtmdi4mzg1n2vhmjdll0rvy3vtzw50c18xnja1mtiuanbnil0swyjwiiwidgh1bwiilci4mhg2mcjdxq?sha=cc437b1bc11e370d Auction Center created in Azerbaijan
The Auction Center has been established in Azerbaijan, where the sale of movable and immovable property of banks will be carried out, President of Azerbaijan Banks Association (ABA) Zakir Nuriyev told Trend.



Azerbaijan spends $859 mln to build a drilling rig
Since the construction of a new generation floating drilling rig in Azerbaijan from the State Oil Fund (SOFAZ), this project has been allocated $859.7mln.

Investments to Azerbaijani financial sector grow
AZN 0.4 mln investment has been made to financial sector of Azerbaijan in the first quarter of 2017.

Auction Center created in Azerbaijan
The Auction Center has been established in Azerbaijan, where the sale of movable and immovable property of banks will be carried out, President of Azerbaijan Banks Association (ABA) Zakir Nuriyev told Trend.

UAE investments in Azerbaijan near $800M
The United Arab Emirates has invested $778.1 million in the Azerbaijani economy so far, Economy Minister Shahin Mustafayev said at the 6th meeting of the Azerbaijan-UAE intergovernmental commission in Dubai.

Azerbaijan plans to create 6 private, 6 public beaches in Baku - minister
Minister of Culture and Tourism Abulfas Garayev has held meeting with representatives of relevant bodies about development of beach tourism, the Ministry told APA.

Orders to Azexport for Azerbaijani goods worth $100M
The Azexport portal received orders worth $100 million for the supply of non-oil products since the beginning of its operation, said Vusal Gasimli, executive director at the Center for Analysis of Economic Reforms and Communication.

Italian court rejects Puglia appeal on TAP olive trees
The Lazio regional administrative court (TAR) on Thursday rejected an appeal by the Puglia region against a government order to uproot and replant olive trees for the construction of the Trans-Adriatic Pipeline (TAP), APA reported citing ANSA agency.

Ukraine, Iran agree to launch test train through Azerbaijan
Ukraine and Iran have agreed to launch a test train for transportation of agricultural products, the Ukrainian Infrastructure Ministry’s press service quoted Minister Volodymyr Omelyan as saying.

Azerbaijani president allocates AZN 4M for repair of road in Sumgayit
Azerbaijani President Ilham Aliyev has signed an order on measures on capital repair of motor roads in Sumgayit city, APA reports.

Tax debts in amount of 728 mln AZN written off this year
As of January 1, 2017, 39 880 taxpayers had debts to the state budget in amount of 1 409 370, 7 AZN and 41 352 taxpayers had debts in the amount of 1 016 626 thousand AZN for April 1, 2017.

New well commissioned in "Guneshli" field
Maintenance works are carried out by '28 May' oil and gas producing company (OGPD).

Azerbaijan declares 2 non-working days in May
Azerbaijan has declared 2 non-working days in May, APA reported.

Baku to host Azerbaijan-Turkey business forum
Azerbaijan’s capital, Baku, will host the fifth Azerbaijan-Turkey business forum, the Azerbaijan Export and Investments Promotion Foundation (AZPROMO) said Apr. 20.

IOM chief commends Azerbaijan`s migration management model
IOM Director General William Lacy Swing has hailed a model of managing migration problems in Azerbaijan.

Azerbaijan gets guest status in OECD Development Assistance Committee
Azerbaijan received guest status in the Development Assistance Committee of the Organization for Economic Cooperation and Development (OECD), said the Azerbaijani Foreign Ministry, Trend reports.

Exchange offices outside banks may reappear in Azerbaijan
Individuals and legal entities may be allowed to open currency exchange offices in Azerbaijan in accordance with the draft amendments to the “Law on Currency Regulation”.

OPEC, non-OPEC to meet on same day as group's May gathering
OPEC plans to meet with non-OPEC oil producers on the same day as its scheduled May 25 conference, sources familiar with the arrangements said, as they decide whether to extend supply cuts into the second half of the year, Reuters reported.

Consolidation of banks to continue – Azerbaijan Banks Association
Consolidation process in Azerbaijan’s banking sector will continue, head of Azerbaijan Banks Association Zakir Nuriyev said.

USD rate for tomorrow announced
The Central Bank of Azerbaijan has announced USD/AZN rate for April 20.

Forbes: Power, potential of New Silk Road lies in its versatility
The power and potential of the Belt and Road — aka the New Silk Road — lies in its versatility, wrote Wade Shepard in his article published by Forbes.

Azerbaijan to export tea and pomegranate to Germany
Azerbaijan`s Minister of Economy Shahin Mustafayev has said the country will export tea and pomegranate to Germany, AzerTag reports.

Azerbaijani president allocates AZN 3M for construction of buildings in Yevlakh
Azerbaijani President Ilham Aliyev has issued an order on measures on construction of an apartment building in Yevlakh district, according to APA.

Assets of Azerbaijan’s state oil fund reach $33.2B
As of April 1, 2017, assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 0.18 percent and amounted to $33.207 billion, as compared to early 2017 ($33.147 billion), SOFAZ Executive Director Shahmar Movsumov said at a press conference in Baku Apr. 18.

SOCAR inks deal for building bitumen plant at Baku refinery
Azerbaijan’s state oil company SOCAR signed a contract with Azfen JV for construction of a new bitumen plant at the Heydar Aliyev Baku Oil Refinery, SOCAR said in a message Apr. 17.

Minister: The volume of non-oil exports is not at the desired level
"Until 2025, the volume of non-oil export per capita is planned to be increased to at least 450 dollars in Azerbaijan."

WB signs $33-million contract within JSSIP project in Azerbaijan
The JSSIP project was approved in 2014.

President Aliyev: Azerbaijan’s first trading house soon to open in Belarus
President Ilham Aliyev has said Azerbaijan will establish trading houses in many countries, adding that the first such house will open in Belarus in the coming weeks, Trend reports.

SOCAR inks deal for building bitumen plant at Baku refinery
Azerbaijan’s state oil company SOCAR signed a contract with Azfen JV for construction of a new bitumen plant at the Heydar Aliyev Baku Oil Refinery, SOCAR said in a message Apr. 17.

Bryza: Shopping Festival - very important for attracting tourists to Azerbaijan
The Baku Shopping Festival is very important for attracting tourists to Azerbaijan, APA cited the former US ambassador to Azerbaijan, Matthew Bryza, as saying on Monday.

Azerbaijan to allocate loans for fields with low production
Azerbaijan will allocate loans for fields with low production, President of Azerbaijan Ilham Aliyev said at the republican conference of non-oil exporters in Yevlakh.

State budget executed with AZN 179M surplus in January-February
In January-February 2017 AZN 2,370,500,000 was transferred to the state budget, AZN 2,191,700,000 was spent, State Statistical Committee reported.

AZAL to launch direct flights from Baku to Jeddah
Azerbaijan Airlines CJSC (AZAL), starting from September, will carry out direct flights from Baku to Jeddah, the second big city of Saudi Arabia, the press service of AZAL said Apr. 17.

Azerbaijani president names products causing currency flow to Azerbaijan in 2016
Azerbaijani president has named the products which caused currency flow to Azerbaijan in 2016, APA reports.

President: Azerbaijan may create big fishing industry
“Fishery in Azerbaijan has great potential”, President of Azerbaijan Ilham Aliyev said at the republican conference of non-oil exporters in Yevlakh.

Gold prices hit 5-month high
Gold prices have risen to highest level since November 2016.

Baku hosts Open Innovations Startup Tour 2017
Baku today plays host to the Open Innovations Startup Tour 2017.

Azerbaijani banks change mortgage requirements
The subsistence minimum for the current year in Azerbaijan is set at 155 manat compared to 136 manat in 2016.