Pasha Bank Georgia and Pasha Yatirim Bankasi A.S., subsidiary banks of Azerbaijan’s Pasha Bank OJSC, improved the financial performance in 2018, Chief Financial Administrator, member of the Bank’s board Bahruz Naghiyev said. Naghiyev made the remarks in Baku at the press conference dedicated to the outcome of the subsidiaries’ activity in 2018. Pasha Bank Georgia’s…
President of Azerbaijan Airlines, Jahangir Asgarov met with Ambassador Extraordinary and Plenipotentiary of Egypt to Azerbaijan, Adel Ibrahim Ahmed Ibrahim in Baku. During the meeting, the parties exchanged views on issues related to further cooperation in civil aviation between Azerbaijan and Egypt. Jahangir Asgarov emphasized an increase in passenger traffic at the international airports of…
Astarachay company has recently exported 10 tons of tea to the Russian market, Nurlana Ibadullayeva, head of the marketing department of the company, reported. According to her, Russia is the main buyer of tea from Astara, and the demand for Azerbaijani products on this market is always high. “The last deliveries of our tea products…
Azerbaijan’s GDP exceeded 23.8 billion manats in January-April that is 2.1% more than in January-April 2018, the State Statistical Committee reported. The volume of GDP per capita stood at 2,411.8 manats. Some 46.5% of Azerbaijan’s GDP accounted for industrial sphere, 5.9% – for construction, and 3.1% – for agriculture, forestry and fishery. Net taxes on…
The Azerbaijani bank “TuranBank” has increased its authorized capital by 27.3%, to 70 million manats. In accordance with the decision of the bank’s shareholders dated January 14, it was decided to increase the authorized capital by 15 million manats by placing an additional emission in the amount of 13,864 shares with a par value of…
Since May 1, Azerbaijan has started supplying electricity to Greece, Romania, Bulgaria and Hungary through Georgia and Turkey, Azerenergy OJSC said in a message. Azerenergy was among the winning companies participating in the auction to supply electricity to Greece and Bulgaria. The company also supplies electricity to Iran, Russia, Turkey and Georgia. In the coming…
In the coming months, the production of new Peugeot 207 will begin in Azerbaijan’s Neftchala industrial site, Chairman of the Board of AzerMash OJSC Emin Akhundov declared. Production will begin this summer, he noted. “The price of Peugeot 207 cars, equipped with an automatic transmission, will be 17,500 manats. We are currently negotiating with the…