News

News

  • Regulator orders banks to publish financial reports before mid-June
  • London Court agrees to protect Int’l Bank of Azerbaijan

    Following the New York court, the London court also made a positive decision regarding the International Bank of Azerbaijan (IBA) to prevent lawsuits in the UK from foreign creditors regarding the bank's assets, the IBA reported on June 7.

    Foreign creditors will not be able to...

    read more
  • Azerbaijani currency rate as of April 14

    Official exchange rate of the US dollar and euro to Azerbaijani manat was set at 1.5218 manats and 1.7139 manats respectively on April 14.

    According to the currency exchange rate corridor set by the Central Bank of Azerbaijan, currency exchange offices can't buy US dollars...

    read more
  • Azerbaijan to create Financial Stability Council

    In order to pursue a coordinated policy in the financial system, Azerbaijan will create the Financial Stability Council, as an advisory body, read a message from the Financial Market Supervisory Body Apr. 13.

    The work on creating the Financial Stability Council was discussed...

    read more
  • Azerbaijan’s customs committee creates board of appeals

    A board of appeals was established at the Azerbaijani State Customs Committee, the Committee said Feb. 8.

    The board, consisting of seven people, is headed by Rza Hasanaliyev, chairman of the Committee.

    The new structure was established to ensure transparency and impartiality...

    read more
  • Turkmen companies receive environmental insurance

    The State Committee for Environmental Protection and Land Resources of Turkmenistan has carried out environmental insurance of the companies, the scope of which is the use of natural resources, the Neutral Turkmenistan newspaper reported.

    These included factories, divisions of...

    read more
  • Kazakhstan exploring foreign companies’ participation in Eurasia project
  • Azerbaijan offers to increase customs duty on dumped goods

    Azerbaijan's draft law on “Anti-Dumping, Compensation and Protective Actions” will help protect local producers from dumping of goods (their import at a price less than their value) and subsidized imports, said Sahil Babayev, Azerbaijani deputy minister of economy.

    Babayev...

    read more
  • Visa centers to open in Azerbaijani airports

    Starting February 1, 2016 visa centers will be available in all international airports of Azerbaijan.

    Citizens of the Gulf states (including Qatar, Oman, Saudi Arabia, Bahrain, Kuwait), as well as Japan, China, South Korea, Malaysia and Singapore will be able to get a 30-day...

    read more
  • Azerbaijan to begin Europe gas supplies in 2022-2025 – GECF

    Azerbaijani gas supplies to Europe will begin in 2022-2025, Secretary General of the Gas Exporting Countries Forum (GECF) Seyed Mohammed Hossein Adeli said in an interview with the “Izvestiya” Russian newspaper.

    He said that Azerbaijani gas supplies to the EU will begin no...

    read more
  • Azerbaijan to copy Israel’s IT experience

    Azerbaijan intends to use Israel's rich experience in the sphere of high technologies, Azerbaijani Minister of Communications and High Technologies Ali Abbasov said at a meeting with Israel's Extraordinary and Plenipotentiary ambassador to Azerbaijan Rafael Harpaz in...

    read more
  • Iran ready for new drillings at Caspian Sea; no plan on production
  • Russia’s Gazprombank to finance construction of two SOCAR plants in Azerbaijan
  • BSC Group participated in the Azerbaijani-Czech business forum
  • Azerbaijani minister, Czech ambassador discuss holding business-forum in Baku
  • Southern Gas Corridor triples its capital

    The State Securities Committee (SSC) of Azerbaijan registered the issue prospectus of ordinary registered shares of Southern Gas Corridor in the amount of $300 million, said the report of the State Securities Committee (SSC), published on its website Feb.3.

    One hundred shares...

    read more
  • Turkish Petkim sells some shares

    Turkish Petkim Petrokimya Holding will put up for sale some of its shares, Milliyet newspaper reported Feb. 4.

    The holding will put up for sale 3.4 percent of its shares, estimated at 34 million Turkish liras.

    BCM Global Fund Ltd has already expressed its willingness to buy...

    read more
  • Azerbaijan-Poland Business Forum

    During the visit of the delegation headed by Deputy Prime Minister, Minister of Economy of Poland Janusz Pehochinsky to our country on December 15, 2014 Azerbaijan-Poland Business Forum was organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO) with...

    read more
  • Czech company to take part in building artificial islands on Azerbaijani coast of Caspian