In January-May the import volumes of wheat to Azerbaijan totaled 556.6 thousand tons, down by 29.4% YoY, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics data, the general cost of imported wheat to the country totaled $104.78 million (down by 43.2% YoY). In the reporting period Azerbaijan imported 59.12…
Azerbaijan Airlines (AZAL) and Russian Ural Airlines will start operating joint flights on Gabala-Moscow-Gabala route from July 31. According to the code-share agreement, flights of Ural Airlines on this airline will be operated under the codes of both airlines. Direct flights on Gabala-Moscow-Gabala route will be operated every week on Sundays. Departure from Domodedovo International…
BJ Services Company Middle East Ltd., a UK oil field servicing company, announced the liquidation of its office in Azerbaijan, the Azerbaijani Taxes Ministry reported. Lenders may submit their claims within two months at: 3, Salyan highway, 15th kilometer, Lokbatan settlement, Garadagh district, Baku, Azerbaijan. BJ Services Company Middle East Ltd. provides on-site services and…
British magazine “The Banker” included the International Bank of Azerbaijan (IBA) in the TOP-1000 of the most powerful and financially sustainable banks in the world. According to the ranking, the IBA is among TOP-25 of the best banks within the Central and Eastern Europe region based on assets volume, capital adequacy, ROA and ROE. “The…
Assets of the State Oil Fund of Azerbaijan (SOFAZ) increased by 4.6% and amounted to $35.1 billion as of July 1, as compared to $33.57 billion in early 2016, SOFAZ said in a report. SOFAZ’s revenues totaled almost four billion Azerbaijani manats during the H1 2016, and expenditures were almost at 2.256 billion manats. During…
The total volume of foreign investments in Azerbaijan’s fixed capital increased by 32.3% to 4.26 billion Azerbaijani manats in January-June compared to the same period of 2015, said the report issued by the country’s State Statistics Committee on the results of H1 2016. Some 88.5% (3.77 billion manats) of foreign investments, provided by foreign countries…
Azerbaijan’s Cabinet of Ministers has approved the “Rules of exempting trucks, trailers and semi-trailers of foreign states from road tax and state fee”. The rules became valid on June 1, and will be in effect for three years. The rules apply to foreign vehicles carrying freight to Iran and Turkey as well as from Iran…