As of late January Azerbaijani banks’ liabilities to the country’s Central Bank (CBA) decreased to 501.7 million manats, or more than 3-fold YoY, according to the report of the country’s Financial Market Supervisory Authority. Banks have reduced their liabilities by 19.7%, from 30.35 billion manats to 24.37 billion manats, according to the report. The main…
The export of meat from Ukraine to Azerbaijan rose 2.7-fold YoY and amounted to $37.8 million in 2017, Nikolai Pugachev, director of the national scientific center “Institute of Agrarian Economics” and academician of the National Academy of Agrarian Sciences, said. During the period, Azerbaijan became one of the TOP-5 importers of this product from Ukraine.…
Azerbaijan was a leader in tomato export to Russia in 2017, according to the Russian Federal Customs Committee. Azerbaijan increased its export volume by 50%, to 151,000 tons ($151 million). Azerbaijan’s share in Russian tomato import increased from 22% in 2016 to 30% in 2017. Russia accounted for 99.8% of Azerbaijan’s total tomato export in…
Azerbaijan’s Rabitabank has increased authorized capital by 12.8 million mantas, to 101.3 million manats, the bank said in a message. The bank’s authorized capital was increased at the expense of existing shareholders. The aggregate capital of the bank reached 104.6 million manats. The main goal of increasing the bank’s capital is to strengthen stability of…
In 2017 Azerbaijan imported rice at the sum of $36 million, declared the Minister of Agriculture of Azerbaijan, Heydar Asadov. According to the announcement, last year agrarians of Azerbaijan harvested 15.9 thousand tons of rice throughout the areas of 5.1 thousand ha, with the average yield at 3.11 ton/ha. The annual demand for rice in…
Azerbaijan’s GDP volume reached around 6.05 billion manats in January 2018, up by 2% YoY, according to a report of the State Statistics Committee. The volume of GDP per capita stood at 618.5 manats. In January the volume of GDP produced in the non-oil sector of the country increased by 3.9%, while a decline of…
In 2017 Azerbaijan exported wine products worth $6 million, economy minister Shahin Mustafayev said at a press conference on February 13. Furthermore, Azerbaijani wines worth $1 million were delivered to China, he said. (Trend/Business World Magazine)