As of October 1, the volume of Azerbaijan’s foreign state debt amounted to $7.651 billion (12.403 billion manats), that is, 20.1% of the country’s GDP, Azerbaijan’s Finance Ministry said in a message. The statistics on borrowings includes Azerbaijan’s direct obligations and contingent obligations on the loans, drawn under state guarantee. As of October 1, the…
$1.1 billion have been invested in Azerbaijan’s economy through investment tenders, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said. Volume of the domestic production rose by 1.5 billion manats thanks to these investments, according to him. Around 47,000 industry, trade, transportation and other state facilities, as well as non-residential facilities and…
Restructuring of Azerbaijan’s financial sector may be completed by the end of 2016, Rufat Aslanli, chairman of the board of directors at the country’s Financial Market Supervisory Authorit, said. “Currently, we aim at completing the restructuring process in the country’s financial sector”, he said. “I think we will be able to complete it until late…
Privatization of Azerbaijan’s large state enterprises, including state oil company SOCAR, requires time and such issues must not be hurried, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said. “It is needed to be consistent in such issues, since the privatization of large enterprises touches the issues of Azerbaijan’s economic independence”, Jalilov…
Construction of a railway bridge across the Astarachay river at the border of Azerbaijan and Iran as part of the North-South Transport Corridor will be completed in December, Javid Gurbanov, head of Azerbaijan Railways, reported. Gurbanov said the 8.3-kilometer section of the railway from the Astara Station to the bridge at the border with Iran…
A passenger train will be launched between Azerbaijan’s Nakhchivan and Iran’s Mashhad before late November, Javid Gurbanov, head of Azerbaijan Railways CJSC, reported. Gurbanov said the train would start running either on November 27 or November 30. The Nakhchivan-Julfa-Tabriz-Tehran-Mashhad passenger train will run twice a week. Renewed cars will be used for the trips. (Trend/Business…
Azerbaijan Airlines (AZAL) announced a new campaign for flights on the route from Baku to Tel Aviv. When buying from December 1 to 20, an air ticket for the flights on Baku-Tel-Aviv-Baku route in the period from January 10 to March 10, 2017 will cost 299 euro. The cost includes all taxes and fees. The…