Baku EXPO 2025 presented in Davos - PHOTO

W1siziisijiwmtgvmdevmjqvmtavntavmzevmge4oddjnzytngq5ny00mtdjlweyztgtmtgxm2ewytzmzdiwl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=31a8c42848b10ce9 W1siziisijiwmtgvmdevmjmvmtqvndcvmzcvzgnlndjhotmtzgewzc00y2q0lwjhmjutnge4mzg0mjvkywm2l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=479b7db6e8ab9249 W1siziisijiwmtgvmdevmjmvmtavntgvmtyvzdhhmjgym2utzmrhni00y2flltgwywetmdljntk0zda3zdy5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=77e9b532507f559f W1siziisijiwmtgvmdevmjivmjivndyvndevzda4odjlmtctnmrmmc00nmvmlwi2ogetnzjmzmnkodg4ndu0lze1mty2mju3mzizmja1ntq3nzuxxzewmdb4njy5lmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=788941533357178d W1siziisijiwmtgvmdevmjivmtivmdgvntyvzmjiyjezytutnzizni00zjiylwjjn2utztqznwvim2mzm2vjl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=2c451cf18d6f49d9

More from Economy

Davos Economic Forum kicks off today

23.01.2018 11:23 GMT

W1siziisijiwmtgvmdevmjmvmtevmjqvntuvzmq3mjc3n2ytmdu5ns00n2mzlwezmjmtywi0owi1mmqxztzhl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=87c20214e737f8c7
The 48th World Economic Forum under the title “Creating a shared future in a fractured world” starts today in Davos, Switzerland.

Excise on gasoline imported to Azerbaijan with octane number up to 95 increased 200 times

23.01.2018 00:32 GMT

W1siziisijiwmtgvmdevmjmvmdavmzcvmtcvodc5zmrkzgmtnmm5ms00owfmlthhyzqtm2u0mde3nwy5ndu0l2q2yjg2zta4m2izmtdlywrjyzrhmjuymthjowuwztu5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=00ff460105c9df77
New excise rates applied to motor gasoline types on which excise tax is levied on the territory of Azerbaijan have been publicized, APA reports.

Excise on tobacco and tobacco products imported to Azerbaijan doubles

23.01.2018 00:14 GMT

W1siziisijiwmtgvmdevmjmvmdavmtuvmjyvmdm4ywnlztmtymy1oc00ztfhltkwzdqtntziyjkwntk3owrml2q2yjg2zta4m2izmtdlywrjyzrhmjuymthjowuwztu5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=cd9e2227b4d3d2de
Excise on tobacco and tobacco products imported to Azerbaijan has been doubled.

Excise on import of beers and alcoholic drinks increased in Azerbaijan

23.01.2018 00:12 GMT

W1siziisijiwmtgvmdevmjmvmdevmjivmtyvm2nmoti5mtktnjazzi00zwq4ltlkmwqtmdu3yzm0ywm4mjbml9cw0lvqutc%2b0lpqvtc70yzqvdgl0lvf0l3qsnc%2f0ljrgtc60lguanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=2970fe623322ec1f
The Cabinet of Ministers of Azerbaijan has approved new rates of excises on imported goods, APA-Economics reported.

Oil prices rise on Saudi Arabia comments

22.01.2018 11:40 GMT

W1siziisijiwmtgvmdevmjivmtevndqvmtyvntgzmwu1yjqtnja5ns00mjdhltk0mdetnti3zjrjmzaxnzyyl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=247eb28b47317803
Oil prices climbed today, pushed higher by comments from Saudi Arabia that cooperation between oil producers who are currently withholding supplies would continue beyond 2018.

SOCAR completes 2017 with profit

19.01.2018 22:39 GMT

W1siziisijiwmtgvmdevmtkvmjivndevmdmvmwu3m2mzn2utyzq1ys00yzkyltlmnwitytcwymzkzwe2ntjil3nvy2fyxze2mdkxnl8ylmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=164212a845edf75c
Azerbaijan’s state oil company SOCAR completed 2017 with profit, the company’s Vice-President for Economic Issues Suleyman Gasimov said, according to a message posted on SOCAR’s website Jan. 19.

Azerbaijan doubles exports of defense products

19.01.2018 16:06 GMT

W1siziisijiwmtgvmdevmtkvmtyvmtavmdyvytg1yjkyotetndy4zs00zdi3lwezmzitmja0mzqwyjhhndvil2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=858b921c2880fded
Compared to 2016, Azerbaijan increased the exports of defense products by 2.3 times last year, said Azerbaijan’s Defense Industry Minister Yavar Jamalov.

Azerbaijan to tighten limit on import of cigarettes for personal use

19.01.2018 14:27 GMT

W1siziisijiwmtgvmdevmtkvmtqvmjkvntmvowq1ognjzwitytm2mi00zwfmlwjkyzytnwm4nwu2zge4y2qzl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=96165c0cbe786921
The State Customs Committee of Azerbaijan has prepared a proposal to combat the illegal importation and sale of non-excised tobacco products.

Growing nonoil sector causes increase in import

19.01.2018 11:29 GMT

W1siziisijiwmtgvmdevmtkvmtevmzivmtqvmwe2n2y4njitmmy5oc00njlhlthhodctyzu3yzm0m2iymdq2l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=905996cbbe7f8e58
Trade turnover made $22bn in 2017.

Baku International Sea Trade Port’s first phase capacity increases

18.01.2018 21:07 GMT

W1siziisijiwmtgvmdevmtgvmjevmtavmdgvnjyxzdbjztqtmwm1ns00mgrlltg4otitn2viytc5ywe5mzjll3ryzw5kx2jha2lfzgvuaxpfbgltyw5pxza1mtaxnl8ymi5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=2395ca43a4f172fa
The capacity of the new Baku International Sea Trade Port in Alat settlement will reach 15 million tons of cargo per year after the completion of the first phase of construction, chief adviser to the director general of the port Rashad Karimov said, Baku International Sea Trade Port reported.

New department created in Ministry of Taxes

18.01.2018 20:13 GMT

W1siziisijiwmtgvmdevmtgvmjavmtcvmjgvmte1mdvjzmytogflzs00ymy1ltg4ndatyzy3yjiwzmm1nzjll1vsdmkttwfuc3vyb3yuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=9cee6832708366e1
A new department has been created in the Ministry of Taxes.

Azerbaijan to develop draft law on Investment activity

18.01.2018 19:34 GMT

W1siziisijiwmtgvmdevmtgvmtkvmzuvmjmvyte5zgqxzgitzmfjzi00ytgzlwi2njatowq5zwuzotm3yzzilzyznjkxyzjknteyntvmotdmywiwyjk5zty0zjm1mde5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=b0ddbb748e9ac52d
Azerbaijani president Ilham Aliyev has issued an order on several measures regarding promotion of investment activity and protection of rights of foreign investors.

Manat rises against most currencies

18.01.2018 10:05 GMT

W1siziisijiwmtgvmdevmtgvmtavmtuvntgvmtvjn2zjywmtntm2ni00y2q5ltg1ytutmtfmnjqzytc0nme4l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=d2c225bb5b7fda89
The Central Bank of Azerbaijan has unveiled the currency exchange for today.

Azerbaijan: A Crucial Energy Hub

18.01.2018 09:16 GMT

W1siziisijiwmtgvmdevmtgvmdkvmtkvntavmzczmjuxndqtm2i1mc00mju1lwjindatmtqwnzk4njm5mdrml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=06081283b3f947ce
News.Az reprints from Oilprice.com the article headlined "Azerbaijan: A Crucial Energy Hub" by James Durso.

Azerbaijan’s trade house in Belarus to import alcoholic beverages

17.01.2018 22:41 GMT

W1siziisijiwmtgvmdevmtcvmjivndivntgvyji4nze2zwetyjflos00mjbllwezmdqtndm4zjc5mjczmgqxl3rpy2fyzxrfbwvya2v6av8ynta4mtdfxygyks5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=169e6bf1b6ea67b3
Azerbaijan’s trade house in Belarus has got the right to import alcoholic beverages in 2018, Naviny.by reported Jan. 17.

Central Bank comments on refusal of floating exchange rate regime

17.01.2018 15:19 GMT

W1siziisijiwmtgvmdevmtcvmtuvmjevmjgvmmq5owm1ngutmjlhzc00ndiylthkmwytmzkyzwfhzjzkzjvil2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=5a0cd0f9075caa89
The Central Bank of Azerbaijan (CBA) has commented on several reports regarding taking active part to regulate currency exchange rate.

Saudi Aramco entering Azerbaijani market

16.01.2018 17:56 GMT

W1siziisijiwmtgvmdevmtyvmtcvntgvmzcvmdhhyjcwnwutzddmoc00ngiylwfkmjutywe0mwy4zjm0odu0l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=c994f5d7b8845337
A representative office of Saudi Arabia’s state oil company Saudi Aramco will be opened in Azerbaijan soon, said Minister of Energy, Industry and Mineral Resources of Saudi Arabia Khalid Al-Falih.

Two new advisers to Azerbaijani taxes minister appointed - source

16.01.2018 15:40 GMT

W1siziisijiwmtgvmdevmtyvmtuvntevmzavmdkynwmzyzgtmjjkyy00n2y5lwe2mwqtzdc1y2fhodi1yjnhl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=35729a1d52e2dd6f
Orkhan Nazarli and Abdulla Tagiyev have been appointed as advisers to the Azerbaijani taxes minister, a source in the government said.

First Baku-Sofia flight carried on January 16

16.01.2018 12:32 GMT

W1siziisijiwmtgvmdevmtyvmtivmzqvmzmvyjuzywvjmdutzmrhmi00nzmyltkxmtetm2rmnti3ndjinmfml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=4ec848f44899d1f6
The first flight from the capital of Azerbaijan, Baku, to Bulgarian Sofia was sent off on January 16.

Azerbaijan cuts oil and gas production

16.01.2018 11:32 GMT

W1siziisijiwmtgvmdevmtyvmtevmzqvmzyvzty4nmzhmdgty2vhmy00zmuylwe3y2qtyjc3njlhzda4zwzml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=7f98d8722078198b
The State Oil Company of Azerbaijan (SOCAR) produced 7,427,100 tons of oil in 2017.

Arabs seek to invest in hotel construction in Baku to serve their own citizens

16.01.2018 09:05 GMT

W1siziisijiwmtgvmdevmtyvmdkvmtevmzmvmjjjzmqwztatmgu0oc00mjq5lwjjymutnzayn2ywnmjlowi5l2ltywdlms5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=98eaa5e0903433a3
Arab investors have started buying real estate in Baku.

Azerbaijan produced 38.7 million tons of oil last year

16.01.2018 00:47 GMT

W1siziisijiwmtgvmdevmtyvmdavndkvmdgvyzhhyzqynwmtotq4ns00yzqzlwewmtatmtlhytlknzeznjlmlze1mtywmjy4nzmzmzcznti0mzuzxzewmdb4njy5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=31cc3c34da8d1668
Azerbaijan produced 38,688,900 tons of oil in 2017, according to SOCAR.

Launching of Baku-Sofia flight to contribute to development of tourism sector

15.01.2018 20:25 GMT

W1siziisijiwmtgvmdevmtuvmjavmjcvmtevmtnlytdiztatmmi4yi00otuzltg1nzgtmtqzyjzmmgnhnmi0l3byzxppzgvudf9nzw5pc2hfz29ydxnoxze1mdexof8ylmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=4c9cf04f3824f694
The launching of Baku-Sofia direct flight will contribute to the development of tourism and business relations between Azerbaijan and Bulgaria, Bulgarian Prime Minister Boyko Borissov said.

Iran agrees to get loan from Azerbaijan for construction of Rasht-Astara railway

15.01.2018 19:09 GMT

W1siziisijiwmtgvmdevmtuvmtkvmtivntuvodrhogi4zdqtowizmi00mwfiltk1zgytoda5yzlloda3otgylzgxntq3zjvjmwmyzgq1nmy4ytu5zme2yjhknzaxmtaylmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=c293fb577186bf42
Iran’s Cabinet of Ministers has confirmed necessary consent to get a loan of $500 million from Azerbaijan for construction of Rasht-Astara railway, APA reports.

Azerbaijan posts two-fold increase in car import

15.01.2018 12:25 GMT

W1siziisijiwmtgvmdevmtuvmtivmjcvndmvm2ixogmymmqtndnmnc00mguwlwi0nzktzjkzy2fknwm0nddml2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=7c7615f46c9ce48a
In 2017 Azerbaijan imported a total of 13,098 cars, the State Statistical Committee reports.

ILO encourages Azerbaijan to redesign labour market policy

13.01.2018 14:18 GMT

W1siziisijiwmtgvmdevmtmvmtqvmjevmjkvntvjnwu2ywytytbimy00nge0lwiwzditzdfkzmzhndlkywqzl3ryzw5kx2jha3vfy2l0ev9tywluxzeuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=1f4e48487efc246b
In Azerbaijan, there is a need to redesign macro- and labour market policies and strengthen the national Public Employment Service.

Low-income families to be able to get mortgage loans

13.01.2018 11:36 GMT

W1siziisijiwmtgvmdevmtmvmtevmzkvntcvmze4njqzngitzgzlmy00zwy1lthmzdctmtlkotg3zdk1yzm4l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=4f3b4c3e62cd2a65
Work has been completed on the introduction of a mechanism for guaranteeing mortgage loans, which will allow low-income families to take a mortgage with a lower start-up fee.

EU eyes to continue dynamic co-op with Azerbaijan in 2018

12.01.2018 21:21 GMT

W1siziisijiwmtgvmdevmtivmjevmjkvmjmvzmy2ztmxytktzjmzns00yzdllwfimwetzddhnwezzjm1zjm2l2tlc3r1dglzx2phbmthdxnryxnfmjqwode3lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=9732085a9751e9c1
The EU intends to continue dynamic cooperation with Azerbaijan in 2018, Kestutis Jankauskas, head of the EU delegation to Azerbaijan, told reporters in Baku Jan. 12.

Big investments in Azerbaijan’s economy - sign of confidence

12.01.2018 20:35 GMT

W1siziisijiwmtgvmdevmtivmjavndavmdmvzjeynji4mzutzmmxmc00mzmzlthmmdktotrmy2uxodk0ngq1l3ryzw5kx2jha3vfy2l0ev9tywluxzeuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=73bf2d152f4e1d68
Big foreign investments in Azerbaijan’s economy are a sign of confidence in the country, Deputy Economy Minister Sahil Babayev told Trend Jan. 12.

Azerbaijan’s 2017 state budget 98% fulfilled

12.01.2018 20:09 GMT

W1siziisijiwmtgvmdevmtivmjavmtavntkvzmnizwzizgutzjaymi00mdy0ltlln2ytm2iwztk4zwfhzji2l21hbgl5ewvfbmf6axjsaxlplmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=c3af8d366b29e083
Azerbaijan's state budget revenues and expenditures in 2017 were fulfilled 98% against the approved forecast and made 16,447 mln AZN and 17 588 mln AZN, respectively, Finance Minister Samir Sharifov said.

Romanian newspaper publishes article about TAP

12.01.2018 19:20 GMT

W1siziisijiwmtgvmdevmtivmtkvmjivmzmvnzqxzge1m2mtmtdkzc00zmfmlwjiytctmjzinmjmyjvizju5lze1mtu3njuymzqxmdi0odi0nza5xzewmdb4njy5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=cb9bd9d505a39933
Romanian "Ziarul Financiar" newspaper has published an article about Trans Adriatic Pipeline citing Bloomberg.

‘Mover’: No problem in goods delivery to Azerbaijan

12.01.2018 19:12 GMT

W1siziisijiwmtgvmdevmtivmtkvmtgvntqvmmm5mzexmmitndc2oc00ntmwltkymgmtyzcwnmrjnzdiyje3lzzmzdnjowezzgvkmzgwmwfmmdywngixmzi5owjkntq0lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=fc6c26c02d38782c
“We’re not experiencing any problem in delivering goods from foreign countries to Azerbaijan. We engage in the delivery of online purchases and have not faced any problem so far,” Mover LLC told APA-Economics, in response to reports that there are problems with crossing goods from the customs checkpoint.

Top Read Articles

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook

Real estate