SOCAR completes 2017 with profit

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More from Economy

New department created in Ministry of Taxes

18.01.2018 20:13 GMT

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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

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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

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The Central Bank of Azerbaijan has unveiled the currency exchange for today.

Azerbaijan: A Crucial Energy Hub

18.01.2018 09:16 GMT

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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“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.

Azerbaijani custom officers prevent sturgeon smuggling

12.01.2018 15:13 GMT

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Azerbaijan’s customs officers have prevented the attempted smuggling of surgeons to the country, the State Customs Committee told APA-Economics.

Azerbaijani oil price close to $ 72/bbl now

12.01.2018 10:06 GMT

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Price of the Azerbaijani Azeri LT CIF crude put for sale on world markets went up by $ 0,59 or 0,83%.

President Ilham Aliyev expands financial support for Azerbaijani exporters

12.01.2018 00:30 GMT

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Buyers missions will be organized in Azerbaijan and up to 30,000 manats will be allocated for analysis of potential sales markets.

Moody's assigns first-time B1 rating to Petkim; stable outlook

11.01.2018 21:37 GMT

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Moody's Investors Service, ("Moody's") has today assigned a B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to Petkim Petrokimya Holding A.S. (Petkim), the sole petrochemical producer in Turkey, APA-Economics reports.

Close to half a million people visit Azerbaijan's cultural, historical reserves

11.01.2018 19:30 GMT

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More than 480,000 people visited Azerbaijan's historical and cultural reserves in 2017, the country's Ministry of Culture and Tourism said in a message Jan. 11.

Azerbaijani president approves amendments to law on banks

11.01.2018 19:27 GMT

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Azerbaijani President Ilham Aliyev has signed a law approving amendments to the law “On banks”, APA reports.

4th ministerial meeting within Advisory Council of Southern Gas Corridor to be held in February

11.01.2018 16:56 GMT

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The date of the 4th meeting of energy ministers within the Southern Gas Corridor Advisory Council has been defined.

Heydar Aliyev International Airport reaches its new record

11.01.2018 16:09 GMT

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In 2017, Heydar Aliyev International Airport – the main air gate of Azerbaijan’s capital - hit a new record.

Azerbaijan may join Forum of Gas Exporting Countries

11.01.2018 15:44 GMT

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Azerbaijan, Iraq and Kazakhstan may become a full member of the Forum of Gas Exporting Countries.

Azerbaijan to launch another satellite in spring

11.01.2018 14:20 GMT

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Work on the development of Azerspace-2 satellite and its launch vehicle runs in accordance with the schedule.

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