Development of the non-oil sector is a priority of Azerbaijan's economy in 2016
Ilham Aliyev has called for serious control of consumer prices
Azerbaijani economy
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Salim Muslimov: the government will not allow job cuts
The head of the Ministry of Labour of Azerbaijan, Salim Muslimov, said today during a press conference that the government of the republic is currently working hard not to allow a decrease of working places in the republic, despite the crisis in …
Сreative work has been carried out
The presidential aide Ali Hasanov spoke about the economic potential and Azerbaijan's ability to develop in difficult conditions
Fitch Ratings: Azerbaijani Central Bank to ease capital ratio requirement
The Central Bank of Azerbaijan plans to lower the minimum capital ratio requirement for banks to 10% from the current 12%, Fitch Ratings said. “A sharp decline in the manat hit local banks' capital ratios via inflation of …
Caucasian Press Review (December 6-13)
Caucasus domestic and foreign political events in the local press
ADB to allocate $2.24 billion to Azerbaijan
The Asian Development Bank (ADB) has approved a business plan for operations in Azerbaijan for 2016-2018 years. The estimated cost of the ADB lending program in Azerbaijan during this period is $2.24 billion. The total cost of the …
Moody's maintains rating of government bonds in Azerbaijan
The international rating agency Moody's has left the rating of the government bonds and the issuer of Azerbaijan unchanged at the Baa3 level with a stable outlook. This Moody's rating is due to several factors. Experts have …
Baku softens impact of falling oil prices
It is conducting a policy aimed at stimulating industrial production, and directing the agricultural sector on a path of innovation
Sevindzh Gasanova: Azerbaijan and Russia have exclusive relations
The Deputy Minister for Economic Development of Azerbaijan, Sevindzh Gasanova, told Russian journalists about the development of cooperation between two countries on the sidelines of official events held in the framework of the …
Sevindzh Gasanova: Azerbaijan to cope with all the consequences of low oil prices
The Deputy Minister for Economic Development of Azerbaijan, Sevindzh Gasanova, told Russian journalists about current challenges and problems of the Azerbaijani economy on the sidelines of official events held …
Anatoly Yanovsky on cooperation in energy sector between Russia and countries of the South Caucasus
Russian Deputy Energy Minister Anatoly Yanovsky spoke about the course of the development of energy cooperation between Russia and the countries of the South Caucasus. …
Inspections of entrepreneurs’ activities in Azerbaijan to cease
It is planned to suspend the inspection of entrepreneurs’ activities in Azerbaijan for two years from November 1st, 2015. This decision is envisaged in the draft law submitted by Azerbaijan’s President Ilham Aliyev …
Moody's: large stock of external assets helps Azerbaijan to adapt to low oil prices
According to Moody's Investors Service's report, Azerbaijan's high level of external assets provides a large buffer to mitigate the adverse effect from the decline in oil prices on the country's ...
The railway range
The main railway line along the Caspian shore may become the first and the most important infrastructural project to be implemented in the past couple of years
Monopolies impede Azerbaijan’s development
The key direction of the republic’s economic development will be exports, Ilham Aliyev promises
Azerbaijani national currency rises
The official exchange rate of the US dollar to Azerbaijani manat was set at 1.0473 manats, which is 0.05% higher than in the previous trading day. The exchange rate of the ruble remained at the level of the Thursday …
Ilham Aliyev: political interests of some countries cause crisis
Azerbaijani President Ilham Aliyev said that a deep economic and financial crisis continues in the world. The president noted that an economic decline is being observed both in European and in Asian …
Caucasian Press Review (August 21 – September 6)
Caucasus domestic and foreign political events in local press
Azerbaijan credit rating confirmed and stable, Fitch reports
The long-term issuer default ratings of Azerbaijan in foreign and local currency are affirmed at BBB-, the outlook on the rating is still stable. This is stated in a message today by the international Fitch rating agency. Other ratings …
Situation on Azerbaijani foreign exchange market under control, CBA reports
Reports of alleged deficiency and the failure of sales of foreign currency on the foreign exchange market of Azerbaijan have not got any foundation, the Central Bank of the Republic said. To date, the needs of the banking system in cash …
