AzeriTimes
Manat hits the record low Manat hits the record low

The average rate of the Azerbaijani manat against the US dollar was set at 1.9165 AZN/USD for Jan. 30 after a currency auction held by the Central Ban...

Government increases its stake in the failed bank Government increases its stake in the failed bank

The Ministry of Finance of the Republic of Azerbaijan (MOF) has increased the Government’s stake in the International Bank of Azerbaijan (IBA) from 54...

OPEC basket price drops OPEC basket price drops

The price of OPEC basket of thirteen crudes stood at $52.17 a barrel on Jan.16, compared with $52.64 on Jan.13, according to the cartel’s website. The...

Aliyev Slams Local Independent Economists Aliyev Slams Local Independent Economists

President Ilham Aliyev held a meeting with the Cabinet of Ministers on Tuesday dedicated to the results of socioeconomic development over the last yea...

Iranian Minister to attend Plant Opening in Azerbaijan Iranian Minister to attend Plant Opening in Azerbaijan

Minister of Cooperatives, Labour and Social Welfare of the Islamic Republic of Iran Ali Rabiei will attend a groundbreaking ceremony of a pharmaceutic...

Inflation in Azerbaijan hit double digits Inflation in Azerbaijan hit double digits

In 2016, the prices of consumption products and services went up 12.4%, including food prices rose 14.7%, non-food prices 16.7% and paid services 5.8%...

Oil prices dip after OPEC-Russia output cut deal Oil prices dip after OPEC-Russia output cut deal

Oil prices slipped on Friday as some investors opted to cash out after Brent touched 16-month a high on Thursday, with optimism over this week’s...

Socar to go on investing in Greece Socar to go on investing in Greece

Azerbaijan’s state oil company SOCAR’s termination of the deal with Greece’s government on acquiring a 66-percent stake in the Greek national gas tran...

World Bank to help improving Azerbaijan’s financial sector World Bank to help improving Azerbaijan’s financial sector

The World Bank (WB) will launch the second project on modernization of financial sector in Azerbaijan in late November-early December 2016, Angela Pri...

Russian investments in Azerbaijan exceed $410M Russian investments in Azerbaijan exceed $410M

The Russian Export Center has allocated more than $410 million for implementation of 11 joint projects with Azerbaijan up until now, Alexander Tsybuls...

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