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…
The trade turnover between Azerbaijan and the US has been growing this year, Azerbaijani Deputy Minister of Economy Sahil Babayev declared on October 16. “The trade turnover between Azerbaijan and the US amounted to $416 million in January-August, which is by 7% more than in the same period of 2016,” he said. “Of course, this…
An association of tea producers and exporters will be established in Azerbaijan, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said. “We are working on this and an association will be established soon,” he added. “Moreover, we are working to establish associations of producers and exporters of date and tobacco.” Sectoral…
The Baku Stock Exchange (BSE) held an auction on placement of short-term notes of Azerbaijan’s Central Bank (CBA) in the amount of 150 million manats with a maturity of 28 days, BSE said. The demand during the auction once again exceeded supply – banks submitted applications for 431.9 million manats. The entire amount put up…
Azerbaijan’s export of fruit and vegetable products increased by 63% in terms of volume in January-September as compared to the same period 2016, said Chairman of the State Customs Committee Aydin Aliyev. Aliyev made the remarks addressing an Azerbaijani-German business forum in Baku on October 11. He noted that during the period, export of plastics…
The Central Bank of Azerbaijan (CBA) raised 100 million manatsat a deposit auction, the CBA said on October 9. The CBA was ready to receive 456.3 million manats from banks, and therefore, the demand exceeded supply almost 4.6-fold. The weighted average interest rate on deposit transactions at the auction was 10.01%. The CBA started holding…