Azerbaijani economy

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Azerbaijan's economy increases by 5.6%

Azerbaijan's economy increases by 5.6%

Azerbaijan's economy increased by 5.6% more than in the same period of 2014,  the Azerbaijani State Statistics Committee said. A total volume of Azerbaijan’s GDP amounted to 32.1 billion manat in the first half …

Azerbaijan's budget won't dependent on oil any longer

Azerbaijan's budget won't dependent on oil any longer

The Ministry for Taxes of Azerbaijan replenished the state budget by 4.1 billion manats in the first seven months of this year. Thus, the revenue forecast is executed by 101,9%. It is planned that 7.11 billion manat will be …

What happened to trade between Kazakhstan and the EEU?

What happened to trade between Kazakhstan and the EEU?

The Statistics Committee of the Ministry of National Economy of Kazakhstan announced data, according to which, trade between the republic and other member states decreased significantly in the first half of 2015 ($7.8 billion). …

What hides behind US activity in Baku?

What hides behind US activity in Baku?

Unlike its neighbors, financially more prosperous Azerbaijan has managed to preserve a bigger space for diplomatic maneuver, declaring itself a non-aligned state

EBRD to help Central Bank of Azerbaijan

EBRD to help Central Bank of Azerbaijan

The Central Bank of Azerbaijan has requested technical assistance from the European Bank of Reconstruction and Development (EBRD). Yesterday, CBA Chairman Elman Rustamov held negotiations on Baku with the Managing Director for

Azerbaijan sums up  financial results of first half

Azerbaijan sums up financial results of first half

Following the meeting of the Cabinet of Ministers dedicated to the results of socio-economic development in the first half of 2015 and objectives for the future under the chairmanship of President Ilham Aliye, Finance Minister Samir Sharifov told …

Ilham Aliyev: The main task is to protect the Azerbaijani people from all possible risks

Ilham Aliyev: The main task is to protect the Azerbaijani people from all possible risks

"The economy has its own laws. Azerbaijan is part of the global economy. The work carried out in Azerbaijan deserves approval, and influential international financial institutions praise our success. But the processes in the region affect us, and over the past few months of the last year, thd tension on the CIS landscape has, in some ways, affected the Azerbaijani economy.

Azerbaijan will bind Manat to the euro

Azerbaijan will bind Manat to the euro

The Azerbaijani manat will be pegged to the euro.  This was stated yesterday by the President of Azerbaijan Ilham Aliyev at a conference on outcomes of the first year of implementation of the "State Program on socio-economic development of districts of the Republic of Azerbaijan in 2014-2018".  

Baku-Berlin: Karabakh is back in the spotlight

Baku-Berlin: Karabakh is back in the spotlight

Orhan Sattarov, director of the European Bureau of "Vestnik Kavkaza"A recent working visit of the President of Azerbaijan to Germany, after which Ilham Aliyev went to Davos, Switzerland, has left a lot of information to think about. For obvious reasons, many details of the negotiations and agreements were reached "behind closed doors". However, some results of the visit are evident today.  

Baku and Berlin heading for cooperation

Baku and Berlin heading for cooperation

Today in Berlin a meeting of Azerbaijani President Ilham Aliyev, who is in on official visit to Germany, and German Chancellor Angela Merkel was held, after which the politicians held a joint press conference. 

Baku and Minsk discuss cooperation

Baku and Minsk discuss cooperation

A meeting of the Minister of Economy and Industry of Azerbaijan, Shahin Mustafayev, and the Ambassador Extraordinary and Plenipotentiary of Belarus to Azerbaijan, Nikolay Patskevitch, was held today.