Azerbaijan’s power plants generated 18.3 billion kilowatt hours of electricity in January-October, as compared to 18.4 billion kilowatt hours in the same period of 2016, says a message of Azerenergy JSC. Azerenergy JSC generates, transmits, distributes, and supplies electric and heat energy by using thermal and hydro resources in Azerbaijan. According to the message, more…
The European Union (EU) and Azerbaijan must focus on the expansion of agricultural trade volume, head of the EU Delegation to Azerbaijan Kestutis Jankauskas said. He said that despite EU being the main trade partner of Azerbaijan, the trade turnover volume in agricultural sector was low. “Export of agricultural products from Azerbaijan to the EU…
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on November 6 to raise funds, the CBA said on November 2. CBA is ready to receive 100 million Azerbaijani manats from banks, with interest rate on deposits varying from 10.01% to 14.99%. The auction will be held on the Bloomberg trading platform. The…
Ziraat Bank will contribute to the development of relations between two brotherly countries – Turkey and Azerbaijan, Ziraat Bank CEO Huseyin Aydin has said at the opening of the bank’s new head office in Baku. He noted that Ziraat Bank came to Azerbaijan to help the development of the country’s financial sector. “With the growing…
Starting from October 29, all departure flights of the low-cost Buta Airways from Baku will be carried out through the North entrance of Terminal 2 of the Heydar Aliyev International Airport. Buta Airways plans to carry out arrival flights to Terminal 1 as before. Terminal 2 meets all international requirements on the operation of civil…
Azerbaijan Caspian Shipping CJSC plans to order the construction of vessels to Australian companies, President of Azerbaijani Chamber of Commerce in Australia Nizami Jafarov reported. “Talks on the construction of new vessels are not yet underway, but we have such plans for the future,” he said. Jafarov reminded that in 2013, Azerbaijan Caspian Shipping and…
Azerbaijan Banks Association (ABA) positively assesses the consolidation in the country’s banking sector, ABA head Zakir Nuriyev said. “Such discussions have always been held in the banking sector, but they have intensified lately,” he said, adding that ABA supported such negotiations. Nuriyev noted the necessity to encourage such negotiations so that they were held at…