Azerbaijan’s Central Bank (CBA) will carry out tight monetary policy in 2017, the CBA Chairman Elman Rustamov said. “Due to transition to a floating exchange rate of Azerbaijani manat, we switched to targeting the growth of money supply”, Rustamov said. “Our main goal is to prevent additional currency emission and not to exert pressure on…
Ukrainian coal mining companies increased production by 1.7% YoY in January-November (by 629,700 tons), to 37.003 million tons. A source in the Ministry of Energy and Coal Industry reported that coking coal production increased by 3.5% (by 261,700 tons), to 7.695 million tons, steam coal output was up by 1.3% (by 368,000 tons), to 29.308…
Azerbaijan’s Energy Minister Natig Aliyev noted the importance of the United States’ representation at a high level at the 3rd consultative council of ministers on the Southern Gas Corridor project in order to give political support to the project, the Azerbaijani Energy Ministry said. Aliyev made the remarks during his meeting with William Silkworth, office…
Slowdown of the global economy’s development, deterioration of the macroeconomic indicators affected Azerbaijani economy as well, the country’s parliament speaker Ogtay Asadov said. He made the remarks at a plenary session of Azerbaijani Parliament during the discussion of the country’s draft state budget and the concept of socio-economic development for 2017 and the next three…
The Asian Development Bank (ADB) is ready to support small and medium-sized enterprises (SMEs) in Azerbaijan, a source in the country’s government reported. ADB offers to support business by opening credit lines for local banks. “Thus, the ADB wants to provide support to banks in Azerbaijan and contribute to the development of SMEs”, said the…
The government of Ukraine plans to conclude a revised Agreement on Mutual Promotion and Protection of Investments with the government of Turkey, the Economic Development and Trade Ministry of Ukraine reports. “We’ve agreed with the Turkish side on the main provisions of the draft agreement, which foresees the most-favored procedure for investors of both countries…
In an auction held on December 6, by Azerbaijan’s State Committee on Property Issues, 12 state properties were sold as part of a new privatization program. The privatized properties are located in Baku, Shirvan, Sabirabad and Saatli. There are 5 vehicles among the privatized properties. The next auction, to be held on December 13, will…