Economy

The price of Azerbaijani oil has increased after Christmas holiday on the world markets. The price of a barrel of Azeri Light crude rose $0.38 to stand at $55.04.

The year 2018 saw a real breakthrough in trade and economy between Azerbaijan and Belarus, Ambassador of Belarus to Azerbaijan Gennady Akhramovich said at a press conference on Dec. 27, Trend reports. He noted that following the 10 months of 2018, the trade turnover between the countries exceeded $400 million, …

An auction for placement of 300 million manats worth short-term notes of Azerbaijan’s Central Bank will be held at the Baku Stock Exchange (BSE) on Dec. 26, Trend reports referring to the BSE. Three million notes at a par value of 100 manats each and maturity period of 28 days …

By Narmina Mammadova The development of credit unions can make a significant contribution to the development of the Azerbaijan’s agricultural sector, the chairman of the board of the Azerbaijan Credit Unions Association (AKIA), Jalil Suleymanov, told Trend on December 20. “Credit unions in Azerbaijan are mainly aimed at financing the …

By Abdul Kerimkhanov Azerbaijan is an inexpressibly picturesque country with its own unique “highlight”. Country is called “Land of Fire,” since its territory is rich in oil and gas deposits, which are close to the surface and erupt from the earth with torches of fire. Natural panoramas of this country …

By Leman Mammadova India and Azerbaijan enjoy close and friendly relations and have an active cooperation between them in many areas including political, commercial and investment, educational and cultural. Economy Minister Shahin Mustafayev met Indian ambassador Sanjay Rana, who completed his diplomatic mission in Azerbaijan. During the meeting, the sides exchanged …

Startups in Azerbaijan will be exempt from profit tax and income tax for three years starting from January 1, 2019, according to the amendments to tax legislation approved Dec. 20 by the decree of Azerbaijani President Ilham Aliyev. The amendments affect startups operating in the micro and small business segment …

The price of Azerbaijani oil has decreased on the world markets. The price of a barrel of Azeri Light crude fell $2.68 to stand at $56.52.

Azerbaijan plans to open trading houses in the United Arab Emirates and Kazakhstan in 2019, said Minister of Economy and Industry Shahin Mustafayev.

Azerbaijan and US hailed successful development of custom relations, as Safar Mehdiyev, the Chairman of the State Customs Committee (SCC), customs service, lieutenant-general met the delegation led by William Varen, Regional Director for Central Asia Regional Anti-Drug Administration under the US Department of Justice. According to the press and public …