An auction for placement of short-term notes worth 75 million manats of Azerbaijan’s Central Bank will be held at the Baku Stock Exchange (BSE). Some 750,000 notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is December…
Azerbaijan Airlines CJSC (AZAL) intends to fly two million passengers till late 2016, Eldar Hajiyev, AZAL vice-president, said. “AZAL transported 1.7 million passengers in 2014, 1.8 million in 2015”, he added. Hajiyev added that at present, AZAL fleet consisted of 23 aircraft and the number of aircraft was expected to be increased by 12 in…
Azerbaijan Airlines CJSC (AZAL) will increase the number of regular flights from Baku to Moscow. Two flights will be carried out daily from the Heydar Aliyev International Airport to Moscow Vnukovo airport from March 2017. The corresponding agreement was signed by AZAL Vice-President Eldar Hajiyev and Vnukovo airport Director General Vasily Alexandrov in Moscow on…
Gorkhmaz Aghayev has become a member of the Supervisory Council at the OJSC VTB Bank Azerbaijan, said a message posted on the bank’s website. Earlier, Aghayev worked at AtaBank OJSC, Bank of Baku OJSC, Caspian Development Bank OJSC and Azerbaijan Global Investments, where he served as a legal councilor. Currently the Supervisory Council at the…
Shareholders of Azerbaijan’s NIKOIL Bank CJSC will discuss the change of composition of the bank’s Supervisory Board on January 16, 2017. During the shareholders’ meeting to be held in Moscow they will also discuss the change of composition of the bank’s Audit Committee and giving premiums to its members. Currently, NIKOIL Bank’s Supervisory Board is…
Azerbaijan Railways CJSC considers it necessary to organize a meeting of working groups to analyze and evaluate the dispatch of test container trains from Mumbai to Russia via Iran and Azerbaijan, Javid Gurbanov, head of the Azerbaijani Railways CJSC, said. “Several test containers were sent from Mumbai to Russia in October. This was the first…
The Azerbaijani government is ready to assist all participants of the international North-South transport corridor in every way possible, Sahil Babayev, Azerbaijan’s deputy economy minister, said. “Azerbaijan, being a member of such multimodal projects as North-South and West-East transport corridors, sees itself as a regional hub. Logistics and infrastructure development is necessary for development of…