Oval Useful news from Azerbaijan and Caucasus

Azerbaijan and Turkey have agreed on visa exemptions for citizens who have valid international passports and wish to stay in these countries for a period of no more than 90 days. The agreement “on mutual exemption from visa between the governments of Azerbaijan and Turkey” was signed on February 25 …

The Swiss State Secretariat for Economic Affairs (SECO) has approved a $1.6 million-program to be implemented jointly with Azerbaijan’s Ministry of Economy and the World Bank  in the area of taxation, the Swiss Embassy in Azerbaijan press service reports on May 31, the Swiss Embassy reported in its official Facebook …

President Ilham Aliyev has praised the cooperation between Azerbaijan and the Asian Development Bank, reminding that the bank has provided loans and securities worth $3 billion to the country, which have been used for infrastructure projects. Aliyev made the remarks in a video conference with the President of the Asian …

The Head of the Azerbaijani community of Azerbaijan’s Nagorno-Karabakh region, MP Tural Ganjaliyev, has condemned “the congratulatory letter” sent by Rachel Harder, a member of the House of Commons of the Canadian Parliament close to the Armenian lobby over illegal elections held in occupied Nagorno-Karabakh. “As the head of the …

Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov has described as satisfactory the country’s financial sector. Addressing the presser of CBA and the Deposit Insurance Fund on June 1, Rustamov said: “The loan portfolio of banks has grown by 2.8 percent since the beginning of this …

Opera Europa spring conference has been successfully held. The conference brought together 193 members of the association. The conference focused on topics essential to the continued health of opera companies, where sharing and common actions may deliver benefits. The chief conductor and music director of the Azerbaijan State Academic Opera and Ballet Theater, Honored Artist Ayyub …

Azerbaijan’s satellite operation “Azercosmos” OSJC ended 2019 with a net profit of $2,13 million (AZN3.62 million), while the company’s total profit was $8,27 million (AZN14.04 million), the company reported in its report on financial results for 2019 on May 31. According to the financial report of Azercosmos, in 2019, the …