Turnover of catering facilities in Azerbaijan grew up to AZN 779 million

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More from Economy

Azerbaijan’s Trade House to open in Ukraine

22.06.2018 00:02 GMT

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Azerbaijan’s Trade House will open in Kiev, the capital of Ukraine, June 22. For this purpose, a delegation headed by Azerbaijani Minister of Economy Shahin Mustafayev will leave for Ukraine.

Azerbaijan plans to facilitate process of agricultural insurance in country

21.06.2018 19:15 GMT

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New model of agricultural products’ insurance will significantly facilitate the process of agricultural insurance in Azerbaijan, said the leading specialist of the Insurance Market Supervision Department of the Financial Markets Supervision Chamber of the country Firdovsi Agashirinov.

Data Processing Center becomes associate partner of European Union's FutureTrust project

21.06.2018 17:37 GMT

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The Data Processing Center of the Ministry of Transport, Communications and High Technologies has been selected as an associate partner of the European Union's FutureTrust project.

New switches being laid at Azerbaijan’s Gobustan, Hajigabul railway stations

21.06.2018 16:22 GMT

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Overhaul of four switches is underway at the Gobustan and Hajigabul railway stations in Azerbaijan, the Azerbaijan Railways CJSC said in a message June 21.

Azerbaijani oil price keeps on rising

21.06.2018 11:25 GMT

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Azerbaijani oil continues to grow in price.

WB: New amendments to Azerbaijan's financial legislation to help attract investments

21.06.2018 09:47 GMT

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The World Bank expects adoption of amendments to the financial legislation of Azerbaijan this year, which will attract new investments to the economy, WB leading expert in finance and private sector in the South Caucasus, Angela Prigozhina, said.

Oil drops as Iran signals support for OPEC production rise

21.06.2018 09:30 GMT

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Oil prices fell on Thursday as Iran signaled it could be won over to a small rise in OPEC crude output, potentially paving the way for the producer cartel to agree a supply increase during a meeting on Friday.

SOCAR intends to close office in Estonia

20.06.2018 23:21 GMT

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Azerbaijan’s state oil company SOCAR intends to close its representative office in Estonia due to growing expenses, according to Estonia’s Äripäev financial newspaper.

Azerbaijani president allocates funds for construction of road in Ismayilli

20.06.2018 20:57 GMT

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Azerbaijani President Ilham Aliyev has signed an order regarding measures to construct the Garamaryam-Ismayilli-Shaki (5 km)-Kelband-Girk highway in the Ismayilli region.

Vietnam intends to increase trade with Azerbaijan

20.06.2018 19:45 GMT

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Vietnam hopes to increase trade with Azerbaijan, as well as volume of bilateral investments, Minister of Industry and Trade of the country Tran Tuan Anh told reporters June 20.

Azerbaijan doubles revenues from export of oil products

20.06.2018 16:55 GMT

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Minister: Sharp decline in oil reserves should be considered in order not to face crisis in market

20.06.2018 15:55 GMT

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There was very productive cooperation in the OPEC+ format during past period, Minister of Energy Parviz Shahbazov said.

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.

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