SOCAR intends to close office in Estonia

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More from Economy

Azerbaijani oil price goes up

20.06.2018 10:24 GMT

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Azerbaijani oil price has gone up.

Oil prices gain on lower U.S. crude inventories, Libyan disruption

20.06.2018 09:22 GMT

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Oil prices recovered some day-earlier losses in Asia on Wednesday, supported by a drop in U.S. commercial crude inventories and the loss of storage capacity in oil producer Libya.

Turkic-speaking countries may get own customs zone: Azerbaijani envoy to Uzbekistan

15.06.2018 11:21 GMT

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Turkic-speaking countries may consider creating a single customs zone in the future, Ambassador Extraordinary and Plenipotentiary of Azerbaijan to Uzbekistan Huseyn Guliyev said in an exclusive interview with Trend.

Azerbaijan sees 11% decline in capital outflow

14.06.2018 17:23 GMT

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Capital outflow from Azerbaijan amounted to $603.4 million in January-March 2018, down $76.6 million or 11.26% from previous year.

Central Bank of Azerbaijan talks another possible manat devaluation

14.06.2018 14:37 GMT

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Presently, there are no fundamental reasons for the devaluation of the Azerbaijani manat, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at the press conference in Baku June 14.

Azerbaijan's economic growth makes 1.1%

14.06.2018 14:24 GMT

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In January-May 2018, the Gross Domestic Product (GDP) made up AZN 29,294,000,000, up 1.1% from previous year, said a statement from the State Statistical Committee.

Azerbaijani oil price falls

14.06.2018 11:43 GMT

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Elman Rustamov: Inflation rate projected to become single-digit by end of 2018

14.06.2018 11:02 GMT

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"By the end of 2018, the inflation rate is projected to become single-digit,” Chairman of the Central Bank of Azerbaijan Elman Rustamov said at a press conference today, APA-Economics reports.

Baku's bid to host World Expo 2025 presented at BIE

13.06.2018 20:22 GMT

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A presentation of Baku’s bid to host the World Expo 2025 was held at the 163rd Session of the General Assembly of the Bureau International des Expositions (BIE) in Paris on June 13.

Azerbaijan may raise customs tariffs on imports

13.06.2018 17:37 GMT

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Azerbaijan’s State Customs Committee may raise tariffs on imports of products, Head of the Customs Tariffs Regulation Department of the Main Department of Finance, Tariffs and Currency Control of Azerbaijan’s State Customs Committee Azizaga Huseynov said.

Azerbaijani oil price declines on markets

13.06.2018 10:18 GMT

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Price of Azerbaijani Azeri LT CIF crude oil put for sale on world markets decreased by $ 0,2 or 0,26%.

President Aliyev: TANAP is victory of Azerbaijan-Turkey brotherhood

12.06.2018 21:17 GMT

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The launch of the Trans-Anatolian Natural Gas Pipeline (TANAP) is a manifestation and victory of Azerbaijan-Turkey brotherhood, said Azerbaijani President Ilham Aliyev.

Azerbaijan’s external public debt announced

12.06.2018 17:48 GMT

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As of April 1, 2018 the loan agreements with international financial, banking and credit organizations amounted to $14.2 billion.

Base oil price to be increased in 2018 state budget

12.06.2018 16:56 GMT

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The base oil price of $45 a barrel in Azerbaijan's 2018 state budget is planned to be raised to $55.

Heydar Aliyev Int'l Airport serves over 1.5 million passengers

12.06.2018 15:47 GMT

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During the first five months of 2018, Heydar Aliyev International Airport served 1.56 million passengers.

WB urges to further increase transparency in Azerbaijani state enterprises’ activity

12.06.2018 12:15 GMT

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The state enterprises play a special role in Azerbaijan’s economy, Country Manager for the World Bank Azerbaijan Office Naveed Hassan Naqvi said.

Azerbaijani oil price rises slightly

12.06.2018 11:02 GMT

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Azerbaijani oil price has risen slightly.

USD rate for tomorrow announced

11.06.2018 17:42 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for June 12.

SOCAR opens new building in Istanbul

11.06.2018 16:38 GMT

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Opening ceremony of new building of SOCAR was held in Istanbul.

17th Caspian International Transport, Transit and Logistics Exhibition opens in Baku

11.06.2018 15:15 GMT

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The 17th Caspian International Transport, Transit and Logistics Exhibition TransCaspian/Translogistica 2018 has today opened at Baku Expo Center.

TANAP to be commissioned tomorrow

11.06.2018 11:48 GMT

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The Trans-Anatolian Natural Gas Pipeline (TANAP) will be inaugurated in Eskishehir tomorrow.

SOCAR: SGC to help Europe ensure energy security

11.06.2018 09:10 GMT

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"Natural gas is one of the purest types of fuel and we believe that this project will help Europe to achieve its goals."

Azerbaijan, ICRC discuss cooperation prospects

09.06.2018 16:18 GMT

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Deputy Prime Minister of Azerbaijan Ali Hasanov has met with head of the International Committee of the Red Cross (ICRC) in Azerbaijan Elena Aymone Sessera to discuss prospects for cooperation between the organization and Azerbaijan.

Non-OPEC oil supply up by 900,000 b/d in 2017

08.06.2018 22:04 GMT

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Non-OPEC oil supply has increased by 900,000 barrels per day (b/d) in 2017, OPEC said in its annual statistical bulletin.

AZAL launches Moscow-Lankaran direct flights

08.06.2018 21:02 GMT

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Opening of the Azerbaijan Airlines (AZAL) direct flights on the Moscow (Russia)-Lankaran (Azerbaijan)-Moscow route took place in Moscow at the Vnukovo International Airport on June 8.

Azerbaijan's Migration Service launches new e-service for foreigners and stateless persons

08.06.2018 12:32 GMT

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Azerbaijan’s State Migration Service has launched new e-service that will allow foreigners and stateless persons to check the existence of ban on their entry to and exit from Azerbaijan.

Gold price goes down by more than $2

08.06.2018 10:44 GMT

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The U.S. Dow Jones stock index increased by 0.38% to 25 241,41 points, while S&P 500 went down by 0.07% to 2 770,37 points and NASDAQ fell by 0.70% to 7 635,07 points.

UK is biggest investor in Azerbaijan’s economy: minister

08.06.2018 00:35 GMT

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The UK is the biggest investor in Azerbaijan’s economy, Azerbaijani Energy Minister Parviz Shahbazov said June 7 at a solemn reception dedicated to the birthday of Queen Elizabeth II of the UK.

Azerbaijan among the top five best resorts in CIS

07.06.2018 23:33 GMT

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Analytical agency "TourStat" compiled a rating of the resorts of the CIS, popular for recreation in the summer of 2018, according to the official website of the agency.

New import/export rules to come into force in Azerbaijan from July

07.06.2018 21:17 GMT

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The chairs of the State Customs Committee and the State Food Safety Agency, Safar Mehdiyev and Goshgar Tahmazli respectively, discussed the new rules for import and export procedures.

Central Bank announces USD rate for tomorrow

07.06.2018 17:34 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for June 8.

Sahil metro station reopened in Baku after a 10-month overhaul

07.06.2018 14:19 GMT

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Azerbaijani President Ilham Aliyev has taken part in the opening of Sahil metro station.

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