Ilaha Mammadli

Azerbaijani parliament adopts state budget for 2017

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 …

Azerbaijan's interest rate increased to 15%

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 …

Artur Rasizade sums up work of government in 2015

Artur Rasizade sums up work of government in 2015

Azerbaijan’s Prime Minister Artur Rasizade summarized the main outcomes of the country's development in 2015, speaking at a plenary session of the Azerbaijani parliament dedicated to the discussion of a report on the …

State returns confidence in the manat, experts say

State returns confidence in the manat, experts say

Within two days, the Ministry of Finance of Azerbaijan has issued government bonds at a substantial sum: the day before, government-guaranteed securities in the amount of 500 million dollars were issued, today 1.5 million short-term bonds and 2.5 …