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Demand for mortgage loans increases in Azerbaijan

azerbaijan

The value of mortgage loans issued in Azerbaijan at the expense of the country’s Mortgage and Credit Guarantee Fund since 2006 has reached 1.2 billion manats, and the number of families the housing conditions of which have been improved thanks to mortgage loans, has reached 25,000 people, Trend reports referring …

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Interesting facts about Azerbaijan

azerbaijan

1. The world’s first modern oil well was drilled in Baku, Bibi-Heybat. 2. In the repertoire of prominent Azerbaijan singer Rashid Behbudov there were about 30 songs about Baku. 3. Oil Rocks are included in the Guinness Book of Records as an ancient oil platform. 4. The Germans of Tovuz …

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Azerbaijani oil

The speedy development of modern civilization would be impossible without a major fuel and energy resources such as oil and gas. Azerbaijan is an oil-rich country possessing resources of hydrocarbon raw materials and has the richest history of its development and utilization. Currently research of the history of Azerbaijan’s oil …

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HOPING IN THE PRIVATE SECTOR

private sector

Azerbaijan has increased the state budget’s parameters for 2016, despite projected oil prices having decreased by half The fall in global oil prices and the devaluation of the national currency give new urgency to the issue of the Azerbaijani government’s response to these new challenges. The administration ended up adjusting …

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Azerbaijan after advent of islam

The advent of Islam in 7th century was a decisive turning point in the history of Azerbaijan. The religion of Islam gave strong impetus to the creation of a single nation with a single language in Azerbaijan. Acceptance of Islam had a significant impact on acceleration of the unification of …

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