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Azerbaijan’s Central Bank will hold a deposit auction on August 27 to raise 350 million manat, the banks said in a statement. The auction will be held on the Bloomberg trading platform. The interest rate on …
Moody's Investors Service's outlook for Azerbaijan's banking system has been revised to stable from negative. Moody's also expects that the loan portfolio of Azerbaijani banks in 2018 will grow by 5 to …
The price of the AZERI LT CIF oil amounted to $76.40 per barrel today, an increase of $0.22, novosti.az reported. At the same time, September Brent crude futures fell 25 cents (0.3%) to $74.72 a barrel by 0654 GMT after rising nearly 1% …
S&P Global Ratings affirmed the long- and short-term foreign and local currency sovereign credit ratings on Azerbaijan at 'BB+/B'. The outlook on the long-term ratings is stable. "Our ratings on Azerbaijan are still …
The Electronic and Digital Financial Services Project is implemented Nakhchivan
Azerbaijani President Ilham Aliyev has approved the correction of State Budget 2018, abc.az reported. According to the amendments, revenues of State Budget 2018 are set at the level of AZN 22.149 bn and expenditures AZN …
European Bank for Reconstruction and Development (EBRD) forecasts 2.5%-growth in Azerbaijan’s GDP in 2018, according to the bank's Regional Economic Prospects report. ‘This is 0.5% higher than previous forecast’, …
When the Soviet Union (USSR) collapsed in the early 90s, Azerbaijan like other post-soviet countries faced the economic crisis. Due to isolationist economic policy of USSR, the economic relations of Azerbaijan with other countries outside the …
'From Azerbaijan' is regarded by consumers as a mark of quality
Azerbaijan is a favorable place to put investments, the country's President Ilham Aliyev said at a meeting with employees of two yarn production plants of Mingachevir Tekstil LLC and representatives of local public of …
Azerbaijani President Ilham Aliyev and First Vice President Mehriban Aliyeva have attended the opening of the two yarn production plants owned by Mingachevir Tekstil LLC in Mingachevir Industrial Park. …
Azerbaijan’s GDP may grow 1.5% in 2018, Moody’s Investors Service said in a report. The agency said that the rebound in oil prices since early 2017 has contributed to a stabilization in Azerbaijan's economy …
Standard & Poor’s Global Ratings agency has forecast Azerbaijan’s GDP growth to average 3.3% over the next four years, the S&P said in a report. On January 26, the S&P revised its outlook on the long-term …
Azerbaijani President Ilham Aliyev has signed a decree on amending the decree "On approval of the procedure for determining and regulating the mechanism for paying part of the expenses paid for by the state budget, …
Azerbaijan's non-oil exports increased by 24% last year, Azerbaijan’s President Ilham Aliyev said at a meeting of the Cabinet of Ministers dedicated to the results of socioeconomic development of the country in 2017 and …
In 2017, Azerbaijan reaffirmed its leadership in the South Caucasus region by once again gettion ahead of its Caucasian neighbors both by economic indicators, by scale of international projects and by prospects for further development. …
IMF mission praises Azerbaijan’s reforms
Azerbaijan has great potential for the development of small and medium-sized businesses (SMEs) and the achievement of European indicators in this area, the head of Operations Section at the EU mission in Baku, Jeroen Willems said …
An ambitious project to ensure a better future
Azerbaijan’s GDP is projected to rise by 2% in 2018, according to the Transition Report of the European Bank for Reconstruction and Development (EBRD). The EBRD also expects the country’s GDP to drop by 0.5% in 2017. …
