BUSINESS

Azer Turk Bank completes 2017 with profit

The assets of state-owned Azer Turk Bank were determined at the level of 336,764 mln. manats for January 1, 2018. The loan portfolio of the Bank totaled 119,838 mln. manats. The total income of the Bank achieved 96,569 mln. manats, the total expenses – 95,425 […]

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High indicators expected on || implementation of strategic road maps in Azerbaijan

The performance indicators of the measures reflected in the strategic “road maps” will be quite high in Azerbaijan by the end of 2017, said Vusal Gasimli, executive director of the Center for Analysis of Economic Reforms and Communication. Answering the questions of reporters in Baku […]

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First VP Mehriban Aliyeva || receives Order of saint Equal to Apostles Duchess Olga

A ceremony to present the Order of the saint Equal to the Apostles Duchess Olga of the 2nd Degree, a high order of the Russian Orthodox Church, to Azerbaijan’s First Vice-President, President of the Heydar Aliyev Foundation Mehriban Aliyeva was held in the Cathedral of […]

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President Aliyev approves || Azerbaijan’s state budget for 2018

President of Azerbaijan Ilham Aliyev approved the Law “On the 2018 State Budget of the Republic of Azerbaijan” on Dec.25. Revenue part of the state budget for 2018 is forecast to total 20.127 billion Azerbaijani manats (including centralized revenues – 19.473 billion manats, local revenues […]

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Goshgar Tahmazli appointed || chairman of Azerbaijan’s Food Security Agency

Azerbaijani President Ilham Aliyev signed a decree appointing Goshgar Tahmazli as chairman of the Food Security Agency Dec. 25.

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Russia’s investments into Azerbaijan reach $1.5B

Russia’s investments into Azerbaijan have reached $1.5 billion, Russian Minister of Economic Development Maksim Oreshkin said. Oreshkin made the remarks at an expanded meeting of the Azerbaijani-Russian and Russian-Azerbaijani business councils in Baku Dec. 25. The minister stressed the high potential of economic relations between […]

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President Aliyev presents “Istiglal” Order to People’s Artist Farhad Badalbayli

President of Azerbaijan Ilham Aliyev has presented “Istiglal” Order to people’s artist, outstanding pianist Farhad Badalbayli.

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License of Azerbaijani “DemirBank” liquidated

The decision of the Financial Markets Supervisory  Authority  of Azerbaijan from December 23, 2017 eliminates the license of OJSC “DəmirBank”. According to the report, the license was liquidated due to the discrepancy between the bank’s total capital and the minimum requirement established for banks. The […]

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2018 presidential elections to be held at a very high level

In 2018, the presidential elections in Azerbaijan will be held at a very high level, under the conditions of internal political stability, First Vice Speaker of the Azerbaijani Parliament Ziyafet Asgarov said. Referring to the security issue in Azerbaijan in 2018, Asgarov said that today, […]

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Azer Turk Bank offers new product to Ganja citizens

State-owned Azer Turk Bank offers deposit boxes rental service in its Ganja branch in frames of its regional branch development project. The deposit boxes provide secure storage of valuables and offered by the Bank for rent from 1 and up to 12 months in various […]

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