EBRD: Azerbaijan’s GDP to grow in 2017
The European Bank for Reconstruction and Development (EBRD) forecasts Azerbaijan’s GDP to grow by 1 percent in 2017, the head of the bank’s resident office in Baku, Ivana Duarte, said. She noted that …
Azerbaijani economy
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Ilham Aliyev orders to increase minimum monthly wage
President of Azerbaijan Ilham Aliyev has signed an order to increase the minimum monthly wage to 116 manats starting from January 1. The Cabinet of Ministers of Azerbaijan was instructed to solve the issues emerging from the order, …
Independent telecom regulator to appear in Azerbaijan in 2020
Strategic Roadmap on telecommunications & information technology, endorsed by the President of Azerbaijan Ilham Aliyev, has been published According to the document, its implementation until 2020 will increase …
Azerbaijani entrepreneurs to expand cooperation with Iran
Azerbaijani entrepreneurs will visit Iranian cities of Tabriz and Ardebil on January 14-17, the Azerbaijan Export and Investments Promotion Foundation (AZPROMO) said. Baku will host the Azerbaijani-Iranian business forum …
Azerbaijani parliament adopts state budget for 2017
The Azerbaijani parliament (Milli Majlis) adopted the draft state budget for 2017 during its plenary session on December 16. According to the document, revenues of the state budget are forecasted at the level of 16.255 billion …
ADB to provide $1bn for Azerbaijan Gas Field expansion
The Asian Development Bank is planning to provide $1bn to expand the operations of Azerbaijan’s Shah Deniz II gas field
ADB to support Azerbaijan’s economy
The Asian Development Bank (ADB) approved a $500 million loan to help Azerbaijan maintain social spending, create jobs and diversify its economy to mitigate the adverse impact of a crash in oil prices. "ADB’s support is …
What Azerbaijan Plans To Do When The Oil Runs Out
The oil is running out and the need to diversify its streams of economic sustenance is more vital now than ever
Baku makes sea step towards becoming hub of hubs
Today the Baku International Sea Trade Port CJSC presented by the Free Trade Zone (FTA) in the Alat township of Baku's Garadagh district. The company's Director General Taleh Ziyadov told about plans to make …
World Bank to help improving Azerbaijan's financial sector
The World Bank (WB) will launch the second project on modernization of financial sector in Azerbaijan in late November-early December 2016, the WB private and financial development sector leader, Angela Prigozhina, …
Shahin Mustafayev visits Georgia
Delegation led by the Minister of Economic Development of Azerbaijan Shahin Mustafayev is on official visit to Georgia on October 27-28 to discuss prospects for economic cooperation expansion between Azerbaijan and …
Dmitry Kiselev about 25-year anniversary of Azerbaijan (VIDEO)
'Russia' TV Channel dedicated Dmitry Kiselev's 'Vesti Nedeli' program to the Independence Day of Azerbaijan. "Azerbaijan celebrated its 25th anniversary on October 18. It did not hold a military …
Azerbaijan introduces local agricultural products to market
Three large ‘green markets’ will open in Baku by the end of the year, Deputy Minister of Agriculture of the country, Seyfeddin Talibov, said. He specified that work in this direction is …
Development of Azerbaijan can be example for other countries, Nobel Prize laureate says
Azerbaijan is located at the intersection of the East and West and has been using effectively its geographical position for a long time, the Nobel Prize laureate for Economics, a professor at the Center for …
Vugar Bayramov: Azerbaijan will be able to rebuild the economy using new Constitution
Azerbaijan's economy requires an active implementation of reforms, and the referendum on amendments and additions to the Constitution of the republic held on Monday has created all the necessary conditions for it, chairman of the Center for …
Azerbaijani economy leads among CIS countries
Azerbaijan took the 37th place in the Global Competitiveness Report 2016-2017, issued by the World Economic Forum, according to the report posted on the Forum’s website. The research covered 138 countries. Azerbaijan ranked the …
Azerbaijan pays pensions ahead
Today it became known that in Azerbaijan the financing of pensions for September completed ahead of the schedule, this was told by the Head of the Department of Public Relations of the Ministry of Labor and Social Protection of Azerbaijan, …
IMF improves inflation outlook in Azerbaijan
The International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2 and 8.5 percent, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at …
Azerbaijan's interest rate increased to 15%
The Central Bank of Azerbaijan (CBA) increased the interest rate from 9.5% to 15% today, the CBA said in a message. The upper limit of the interest rate corridor was increased from 15% to 18%, while the lower limit was …
Azerbaijan to privatize 140 state enterprises
Azerbaijan’s State Committee on Property Issues has announced an auction for October 11 for privatization of 85 state enterprises and facilities, the state committee said. These enterprises are located in the cities of Baku, …
