Turkmenistan and Azerbaijan, as leading powers in energy production, advocate the transformation of the Caspian Sea basin into a territory of stability, progress and broad international partnership in Eurasia, said Turkmen President Gurbanguly Berdimuhamedov. He made the remark at the government meeting, the agenda of which was dedicated to the results of Berdimuhamedov’s official visit…
Azerbaijani banks sold $621.67 million in January-June, down 2.7-fold YoY, according to the report of the Central Bank of Azerbaijan (CBA). Bank clients purchased 10.35 million pounds sterling, 126.58 million euros and 1.09 billion Russian rubles in cash over the six months of this year. (Trend/Business World Magazine)
Azerbaijan’s State Customs Committee transferred almost 1.4 billion manats to the state budget in January-July, up by 18.64% YoY, says the Committee’s report. The Committee transferred 256.6 million manats to the budget in July. Revenues from customs duties amounted to about 61.3 million manats, value added tax – 184.5 million manats, excise duty – 8.06…
Currency reserves of the Central Bank of Azerbaijan (CBA) increased by approximately $870.2 million (by 21%) in July as compared to June 2016, and amounted to $5,033.1 million, according to the statistical data posted on the CBA website. CBA’s reserves increased by $69 million (by 1.4 %) MoM, while by $1,058.7 million (26.6%) since early…
Azerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of a road in Barda. Under the presidential order, AZN 6.8 million is allocated from the Presidential Contingency Fund for the construction of Yeni Dashkend-Umudalilar road connecting 17 residential areas with the population of 15,000 people. (AzerNews/Business World Magazine)
Azerbaijan’s President Ilham Aliyev has signed an order to provide funding for the construction of Zire-Turkan highway. Under the presidential order, 3 million manats is allocated from the Presidential Contingency Fund for the construction of the highway, which connects two residential areas with the total population of 24,000 people. (Trend/Business World Magazine)
Energy remains the basis of cooperation between Sophia and Baku, Azerbaijani ambassador to Bulgaria Nargiz Gurbanova said. “Azerbaijan regards Bulgaria not only as a country consuming Azerbaijani gas, but also as a transit country in the European area,” she said. The diplomat also stressed that Bulgaria fully supported the Southern Gas Corridor project, which envisaged…