The weekly turnover at the Baku Stock Exchange (BSE) on June 10-14 amounted to 299.9 million manats. Most of the operations accounted for the placement of notes worth 219.3 million manats of the Central Bank of Azerbaijan (CBA). A total of 2.2 million notes at the price range of 99.4966 manats to 101.8365 manats were…
As of late April, bank deposits of the population of Azerbaijani regions made up 718.1 million manats, up by 16.14% YoY, the Central Bank of Azerbaijan (CBA) reported. The share of Azerbaijani regions in the total volume of all bank deposits in the country was 8.24%. In the reporting period, around 80.2% (575.63 million manats)…
SOCAR Carbamide plant has started exporting its products. The first batch with the first Azerbaijani carbamide has been sent from the Hovsan International Port on two vessels – “Phobus” and “Coral”. The authors of the transportation project are the SOCAR Marketing and Operations Department and the Caspian EPC Company, who also regulate and control the…
Baku Metro keeps on upgrading its facilities and equipment to meet the needs of passengers and provide them with comfort and better services. Head of the press service of Baku Metro Bakhtiyar Mammadov said that the Metro had received two new trains of 10 railroad cars from Russia’s Metrowagonmash company. “Now there is acceptance and…
The State Program for the Development of Industry in Azerbaijan for 2015-2020 and the successful industrialization policy are yielding positive results, Azerbaijani Economy Minister Shahin Mustafayev said. For example, non-oil industrial production in 2015 increased by 8.4%, in 2016 – by 4.8%, in 2017 – by 3.7%, and in 2018 – by 9.1%, he noted.…
The World Bank (WB) has maintained the forecast of GDP growth in Azerbaijan in 2019 at the level of 3.3%, based on the bank’s June report “Global Economic Prospects”. According to the report, WB confirmed the acceleration of GDP growth in Azerbaijan in 2020 to 3.5%, and in 2021 – to 3. %. In general,…
Azerbaijan’s biggest electrical power producer Azerenerji OJSC carries out reconstruction, complex repair and rehabilitation work at electric power plants and systemically significant 220 and 110-kilovolt substations in order to improve the supply of electricity to Baku, the surrounding settlements and the country’s regions. A 220-kilovolt substation “Khirdalan”, the substation “Mushfig” in the Badamdar settlement, the…