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The Organization of the Petroleum Exporting Countries (OPEC) has increased its forecast for the average daily production of petroleum and other liquid hydrocarbons in Azerbaijan for 2023, according to OPEC's latest monthly oil market report ...

Oil & gas 2023-01-18 17:23:00

“Technologies of "Kromatix SA" will be used in buildings and constructions in the liberated territories of Azerbaijan,” it was mentioned during President Ilham Aliyev`s meeting with Chief Executive Officer of “Kromatix SA” Rafic Hanbali in Davos ...

Economy 2023-01-18 16:35:00

The Aeroflot will launch direct flights from Pulkovo airport between St. Petersburg and Baku starting from February 17, according to the air carrier’s press service."Boeing 737-800" will carry out flights twice a week - on Tuesdays and Fridays ...

Economy 2023-01-18 15:46:00

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.88 to trade at $91.23 ...

Oil & gas 2023-01-18 11:11:00

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.98 to trade at $86.9, while the price of the Light crude oil at the NYMEX ...

Oil & gas 2023-01-18 10:21:00

President of the World Association of Chefs Societies (Worldchefs) Thomas Gugler has said he will visit Shusha, the cultural capital of Azerbaijan, as he attended the conference on promoting the national cuisine organized by the State Tourism Agency in Baku ...

Tourism 2023-01-17 17:22:00

“The Masdar Company of the United Arab Emirates (UAE) is an important and reliable partner of Azerbaijan, said Azerbaijan’s Energy Minister Parviz Shahbazov as he met with UAE Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei on the sidelines of the Abu Dhabi Sustainability Week ...

Energy 2023-01-17 16:45:00

Kapital Bank’s assets as of January 1, 2023 have amounted to 7.8 bln. manats, while the volume of the Bank’s credit portfolio has reached 3.2 bln. manats.The total amount of client deposits in Kapital Bank as of January 1, 2023 have amounted to 6.1 billion manats ...

Economy 2023-01-17 15:49:00

The foreign exchange (FX) auction was held at the Central Bank on January 17. $18.7m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000. ...

Finance 2023-01-17 13:20:00

Chairman of the Board of the Small and Medium Business Development Agency (KOBIA) of Azerbaijan Orkhan Mammadov has met with Minister of Transport and Infrastructure of Türkiye Adil Karaismailoglu on the sidelines of the 7th Istanbul Public-Private Partnership (PPP) Week ...

Economy 2023-01-17 13:00:00

As the Swiss Alps and many of the world's other ski resorts suffer from a lack of snowfall, Türkiye’s Kackar Mountains in the Black Sea region are attracting more and more winter sports enthusiasts for offering the adrenaline-filled rush of heli-skiing, according to ...

Tourism 2023-01-17 11:07:00

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.25 to trade at $84.71, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.53 to stand at $79.33. ...

Oil & gas 2023-01-17 10:41:00

Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.91 to trade at $90.35 ...

Oil & gas 2023-01-17 10:33:00

“According to the results of last year, the revenues to the budget from compulsory medical insurance grew by 38.1% and reached 822.2 mln. ₼, compared to a year earlier,” said Azerbaijan`s Minister of Economy Mikayil Jabbarov ...

Economy 2023-01-16 20:08:00

“As a result of the improvement of mechanisms ensuring the formalization of labor relations and other stimulating measures, compared to the beginning of 2019, the number of labor contracts rose by 344,394 to 1,746,309, as of January 1 of this year,” Azerbaijani Minister of Economy Mikayil Jabbarov said on Twitter ...

Economy 2023-01-16 20:03:00

“In the face of legalization of the labor market and the “whitening” of the salary fund, the revenues from compulsory state social insurance payments increased by 19.2% and reached 4 bln. 586.3 mln. ₼, compared to a year earlier,” Azerbaijan`s Minister of Economy Mikayil Jabbarov ...

Economy 2023-01-16 19:55:00

“According to operational data for 2022, electricity production increased by 4%, amounting to 28.988,5 bln kWh, exports to 3.003,8 bln kWh and imports to 137.1 million kWh,” said Azerbaijan's Minister of Energy Parviz Shahbazov ...

Energy 2023-01-16 17:43:00

“In 2022, the tax revenues to the state budget grew by 82.2%, compared to 2021, and amounted to 15.541.5 billion AZN,” Azerbaijan`s Minister of Economy Mikayil Jabbarov said on Twitter. “During this period, the tax revenues in the non-oil-gas ...

Economy 2023-01-16 13:59:00

Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.69 to trade at $84.59, while the price of the Light ...

Oil & gas 2023-01-16 10:44:00

Within the framework of President Ilham Aliyev’s working visit to the United Arab Emirates (UAE), the State Oil Company of Azerbaijan (SOCAR) and the UAE’s Masdar company have signed Agreements on the joint development of offshore wind energy and hydrogen projects with a capacity of 2 GW, as well as joint ...

Economy 2023-01-15 21:56:00