Restructuring of Azerbaijan’s financial sector may be completed by the end of 2016, Rufat Aslanli, chairman of the board of directors at the country’s Financial Market Supervisory Authorit, said. “Currently, we aim at completing the restructuring process in the country’s financial sector”, he said. “I think we will be able to complete it until late…
Privatization of Azerbaijan’s large state enterprises, including state oil company SOCAR, requires time and such issues must not be hurried, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said. “It is needed to be consistent in such issues, since the privatization of large enterprises touches the issues of Azerbaijan’s economic independence”, Jalilov…
International reserves of the National Bank of Ukraine (NBU) are projected to increase to $17.5 billion by the end of 2016, if Ukraine receives a credit totaling 600 million euros from the European Union and a credit totaling $1.3 billion from the International Monetary Fund (IMF). NBU Governor Valeria Gontareva stated this at a press…
Construction of a railway bridge across the Astarachay river at the border of Azerbaijan and Iran as part of the North-South Transport Corridor will be completed in December, Javid Gurbanov, head of Azerbaijan Railways, reported. Gurbanov said the 8.3-kilometer section of the railway from the Astara Station to the bridge at the border with Iran…
A passenger train will be launched between Azerbaijan’s Nakhchivan and Iran’s Mashhad before late November, Javid Gurbanov, head of Azerbaijan Railways CJSC, reported. Gurbanov said the train would start running either on November 27 or November 30. The Nakhchivan-Julfa-Tabriz-Tehran-Mashhad passenger train will run twice a week. Renewed cars will be used for the trips. (Trend/Business…
Azerbaijan Airlines (AZAL) announced a new campaign for flights on the route from Baku to Tel Aviv. When buying from December 1 to 20, an air ticket for the flights on Baku-Tel-Aviv-Baku route in the period from January 10 to March 10, 2017 will cost 299 euro. The cost includes all taxes and fees. The…
The trade turnover between Ukraine and the EU increased by 6% YoY in January-September 2016 as a result of the Free Trade Area Agreement, which came into effect on January 1, 2016. This is reported by the Economic Development and Trade Ministry of Ukraine on its Facebook page. “The European Union is Ukraine’s main trading…