Oktay Akhverdiyev

 Azerbaijan to help small and medium-sized businesses

Azerbaijan to help small and medium-sized businesses

Azerbaijani Deputy Taxes Minister Ilkin Valiyev said that Income tax and value added tax (VAT) rates for small and medium-sized enterprises engaged in production will be reduced in the country. He made the remarks at a …

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 …

 Central Bank of Azerbaijan switches to floating rate of manat

Central Bank of Azerbaijan switches to floating rate of manat

Azerbaijan has introduced a floating exchange rate of the manat today, the Central Bank of Azerbaijan said. According to the Central Bank, the decision was made taking into account the strengthening of long-term shocks in the foreign economy in …

Baku and Beijing to be engaged in creation of Silk Road

Baku and Beijing to be engaged in creation of Silk Road

Azerbaijan has significant potential for becoming a major transit corridor between China and Europe, especially since the Silk Road route could be much shorter through the republic, the President of the Republic of Azerbaijan, Ilham …

Ilham Aliyev to visit China

Ilham Aliyev to visit China

Azerbaijani President Ilham Aliyev will arrive on an official visit to China, Chinese Foreign Ministry Spokesman, Lu Kang, said. "President of Azerbaijan Ilham Aliyev will arrive on an official …

 Russia and Azerbaijan to focus on non-oil sector

Russia and Azerbaijan to focus on non-oil sector

Russia and Azerbaijan will be actively engaged in diversification of mutual investments to stimulate the real sector, the head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), Rufat Mammadov, said at the …

Depreciation of tenge will not affect Azerbaijani economy

Depreciation of tenge will not affect Azerbaijani economy

The fall in tenge will not affect Azerbaijan, Doctor of Economics, ex-head of the department of pricing, economic and fiscal policy of the Azerbaijani Cabinet of Ministers Oktay Akhverdiyev said. He explained that the …