ECONOMICS

Government increases funding on agribusiness

The National Fund for Entrepreneurship Support (NFES) under the Ministry of Economy and Industry of Azerbaijan in the first nine months of 2015 most of the loans (68.9 percent of total concessional financing) sent in the production and processing of agricultural products. This is stated in […]

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Manat review for week 44 (Oct.26-30)

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijani Central Bank decreased by 0.0003 manats (0.029 percent) this week. The average rate was set at 1.04916 manats to 1 US dollar. Oct.26 1,0490 Oct.27 1,0489 Oct.28 1,0490 Oct.29 1,0496 Oct.30 […]

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2015 Azerbaijan oil price review: || week 44 (October 26 – 30)

The average price for AZERI Light, exported from Azerbaijan via the Ceyhan, Batumi and Supsa ports to the Italian Augusta port, was $49.28 per barrel on Oct. 26-30 or $0.31 per barrel less than the previous week.   The maximum price for AZERI LT last […]

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UK invests over $21B || in Azerbaijan

The volume of investments from the UK in Azerbaijan’s economy has exceeded $21 billion, Deputy Minister of Economy and Industry of Azerbaijan Sahil Babayev said. He made the statement during Azerbaijani-British Business Forum taking place in Baku Oct.29. “The UK ranks first among the foreign […]

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Manat review for week 43

The official exchange rate of Azerbaijani manat to the US dollar set by Azerbaijani Central Bank consolidated by 0.0013 manats (0.12 percent) this week. The average rate was set at 1.04772 manats to 1 US dollar. Oct.19 1,0474 Oct.20 1,0476 Oct.21 1,0474 Oct.22 1,0475 Oct.23 […]

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2015 Azerbaijan oil price review: || week 43 (October 19 – 23)

Last week prices for Azerbaijani oil labels slightly went down The average price for Azerbaijani oil label AZERI Light, exported from Azerbaijan via the ports of Ceyhan, Batumi and Supsa to the Italian Augusta port, was $49.59 per barrel on Oct. 19-23 or $2.36 per […]

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WB downs cast on oil price for 2016

The World Bank (WB) cut its oil price forecast for 2015 from 57 to 52 dollars per barrel. This is stated in the quarterly report on the bank’s international commodity markets, published on its website. WB analysts associated this with a further slowdown in the global economy, […]

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SOCAR opens a new company

Turkish petrochemical complex Petkim establishes a plant for production of high-tech engineering plastics and chemicals, Trend reported. A company called Petkim Specialties Mühendislik Plastikleri Sanayi ve Ticaret A.Ş. (Petkim Specialities) is a 100-percent subsidiary of Petkim. Petkim, in which, SOCAR (State Oil Company of Azerbaijan) has an […]

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Main problems of Agriculture sector in Azerbaijan discussed during CSR conference

One of the main problems currently the field of agriculture facing in Azerbaijan, is the entry of the farmers to the market, said WB agribusiness specialist Rufiz Chiragzade Oct.15 in the framework of the Azerbaijan International conference “Sustainable development and corporate social responsibility” (Baku CSR […]

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Weekly review || of the Azerbaijani currency market

The official exchange rate of Azerbaijani manat (AZN) to the US dollar (USD) set by Central Bank of Azerbaijan (CBA) remained unchanged last week. The average rate was set at 1.04822 manat to 1 US dollar. Sept. 28 1,0483 Sept. 30 1,0480 Oct. 1 1,0485 […]

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