The frequency of trains running on the Baku-Kiev railway route can be increased, Evgeny Kravtsov, acting chairman of the board of the Ukrainian Railways JSC, wrote on his Facebook page. He said that the issue could be considered in case of higher demand. “We hope that passengers will appreciate the convenience of this route. If…
Azerbaijan’s Bank BTB has created a BTB Kapital investment company. The authorized capital of the company is 350,000 manats. The official representative of the company is Rustam Jafarov. Presently, five investment companies with a total turnover of 4.3 billion manats operate in Azerbaijan. Bank BTB has been operating in Azerbaijan since 2010. (Trend/Business World Magazine)
During the first three months of 2018 Heydar Aliyev International Airport served over 897,000 passengers. This indicator exceeds the same indicator of the previous year by 15%. National air carrier Azerbaijan Airlines (AZAL) carried 362,000 passengers, while the national low-cost airline Buta Airways – 104,000 passengers. 768,000 passengers (85.6% of passenger traffic) accounted for international…
An auction for placement of short-term notes worth 200 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on April 12, the BSE said. According to the message, two million notes at a par value of 100 manats each and maturity period of 28 days will be put…
Azerbaijan intends to significantly increase hazelnut production in 2018, according to the Azerbaijan Hazelnut Exporters Consortium. Its representative noted that the Consortium planned to increase production by almost 48%. “We plan to produce 60,000-65,000 tons of hazelnut in 2018, which is much more than last year. As for exports, this depends not only on increasing…
As of April 4, Azerbaijan Deposit Insurance Fund (ADIF) paid compensations worth 45.5 million manats to the depositors of Azerbaijan’s DemirBank OJSC, the license of which was revoked in December 2017, the ADIF said in a message on April 4. The volume of compensated deposits in DemirBank totals 63.5 million manats, while the volume of…
The Ganja Automobile Plant has produced 10,000th Belarus tractor, the plant reported. Belarusian Deputy Prime Minister Vladimir Semashko, Azerbaijani Deputy Prime Minister Yaqub Eyyubov, Ambassador of Belarus to Azerbaijan Gennady Akhramovich, Director General of the Minsk Tractor Plant Fyodor Domotenko, Director General of the Minsk Automobile Plant Dmitry Katerinich, Head of the Ganja Executive Power…