FIMSA, World Bank and SECO cooperate to modernize Azerbaijan’s financial sector
Financial Markets Supervision Authority of the Republic of Azerbaijan (FIMSA), Swiss Secretariat for Economic Affairs (SECO) and World Bank launched the second phase of the Financial Sector Modernization Project (FSMP2). The objective of the Project is ...
Azerbaijan, Denmark ink convention on avoidance of double taxation

Azerbaijan, Denmark ink convention on avoidance of double taxation

17.02.2017 [21:30]
Azerbaijan and Denmark have signed the convention on avoidance of double taxation and prevention of tax evasion on income taxes. The document was signed by Azerbaijani Minister of Taxes Fazil Mammadov and his Danish counterpart ...
Results of Notes placement of Central Bank of Azerbaijan

Results of Notes placement of Central Bank of Azerbaijan

09.02.2017 [20:23]
On February 8, an auction on placement of short-term notes of the Central Bank of the Republic of Azerbaijan with the state registration number 50100853S, total volume AZN 50 000 000, face value per note AZN 100, and turnover period 29 days was ...
Government increases its stake in International Bank of Azerbaijan

Government increases its stake in International Bank of Azerbaijan

28.01.2017 [17:42]
The Ministry of Finance of the Republic of Azerbaijan (MOF) has increased the Government’s stake in the International Bank of Azerbaijan (IBA) from 54.96 percent to 76.73 percent. ...
Azerbaijan, IDB sign grant agreement

Azerbaijan, IDB sign grant agreement

18.01.2017 [20:33]
The Azerbaijani government and the Islamic Development Bank (IDB) have signed a grant agreement to provide technical assistance to prepare the legal framework for Islamic finance. The agreement envisages the analysis of banking legislation ...
Azerbaijanis` incomes rise 8.9 per cent

Azerbaijanis` incomes rise 8.9 per cent

15.12.2016 [21:21]
Incomes of Azerbaijan`s population increased by 8.9 per in 11 months of this year in comparison with 2015, the State Statistical Committee has said. Official figures suggest that Azerbaijanis earned 40,028,500,000 manats ( approximately $22,449,266,000) from January to November this year ...
 French Finance Minister: Azerbaijan is an important partner for France    <span style="color:#ff0000">VIDEO</span>

French Finance Minister: Azerbaijan is an important partner for France VIDEO

14.12.2016 [15:58]
"Azerbaijan is an important partner for France," said French Finance Minister Michel Sapin as he met with his Azerbaijani counterpart Samir Sharifov on the sidelines of the 8th Azerbaijan-France Intergovernmental Economic Commission. They exchanged views on the development of coperation in a variety of fields of economy, as well as Azerbaijan's ...
China-led AIIB approves $301 mln in loans to Oman

China-led AIIB approves $301 mln in loans to Oman

10.12.2016 [12:52]
The Asian Infrastructure Investment Bank (AIIB) said on Friday it approved two loans totalling $301 million for two transport projects in Oman, Reuters reports. The projects are $265 million for port infrastructure and $36 million for railways, the AIIB said ...
ADB approves $500 million loan to support Azerbaijan’s economy

ADB approves $500 million loan to support Azerbaijan’s economy

07.12.2016 [15:02]
The Asian Development Bank (ADB) has approved a $500 million loan to help Azerbaijan diversify its economy. The loan will help maintain social spending, create jobs, and to mitigate the adverse impact of a crash in oil prices ...
Tax Minister: Azerbaijan attracted the largest amount of foreign investment among regional countries

Tax Minister: Azerbaijan attracted the largest amount of foreign investment among regional countries

06.12.2016 [18:38]
"Azerbaijan has managed to attract the largest amount of foreign investment in recent years and is the regional leader in this regard," said Minister of Taxes Fazil Mammadov as he met with a delegation led by Pakistan's Minister of Commerce Khurram Dastgir Khan in Baku. ...
Azerbaijan, Eurasian Development Bank discuss cooperation opportunities

Azerbaijan, Eurasian Development Bank discuss cooperation opportunities

05.12.2016 [21:09]
Azerbaijan`s Minister of Finance Samir Sharifov has met Chairman of the Management Board at Eurasian Development Bank Dmitry Pankin to discuss the bilateral cooperation opportunities. The Azerbaijani minister highlighted the macroeconomic situation in the country ...
PASHA Insurance invites all “exemplary drivers” to win up to 30% discount on Motor Casco insurance product

PASHA Insurance invites all “exemplary drivers” to win up to 30% discount on Motor Casco insurance product

24.11.2016 [16:11]
For promoting responsible driving habits, PASHA Insurance will launch a new campaign named “discounts for exemplary drivers” starting from 24th of November which will continue until 23rd of December ...
Fitch affirms International Bank of Azerbaijan at 'BB'/Negative; downgrades VR to 'f'

Fitch affirms International Bank of Azerbaijan at 'BB'/Negative; downgrades VR to 'f'

23.11.2016 [17:58]
Fitch Ratings has affirmed International Bank of Azerbaijan's (IBA) Long-Term Issuer Default Ratings (IDRs) at 'BB'. The Outlook is Negative. The agency has also downgraded IBA's Viability Rating (VR) to 'f' from 'b-'. ...
ADB allocated $2.8 bn to Azerbaijan so far

ADB allocated $2.8 bn to Azerbaijan so far

16.11.2016 [11:27]
Vice-President of the Asian Development Bank (ADB) Wencai Zhang said the bank has allocated a total of $2.8 billion to Azerbaijan in loans and grants since 1999. ...
World Bank expresses readiness to render technical assistance to Azerbaijan

World Bank expresses readiness to render technical assistance to Azerbaijan

13.11.2016 [13:26]
“World Bank is ready to provide the necessary technical assistance to Azerbaijan,” said the WB chief economist Naoko Kojo as he met with chief of the country`s Financial Markets Supervision Chamber Rufat Aslanli. Kojo said the WB is ready to support Azerbaijan`s reforms to strengthen macroeconomic stability ...
International Bank of Azerbaijan attracts over $200 million syndicated loan

International Bank of Azerbaijan attracts over $200 million syndicated loan

10.11.2016 [16:33]
The International Bank of Azerbaijan (IBA) successfully attracted over $200 million syndicated loan. Deal was arranged by Citibank, Credit Suisse A.G. London Branch (Credit Suisse), Emirates NBD Capital Limited (ENBD) and J.P. Morgan. Citi was appointed ...
"Bank Silk Way" launches new website

"Bank Silk Way" launches new website

08.11.2016 [15:18]
"Bank Silk Way" has launched a fully renewed new corporate website www.banksilkway.az. The new site, according to the bank's corporate standards, is remarkable for contemporary design, different structure and ease of use. During development of the site ...
Azerbaijan, World Bank discuss action plan for reforms in field of banking supervision

Azerbaijan, World Bank discuss action plan for reforms in field of banking supervision

07.11.2016 [19:34]
The Financial Markets Supervision Chamber of Azerbaijan and the World Bank (WB) have discussed an action plan for reforms in the field of banking supervision. During the meeting, chairman of the Board of Directors of Azerbaijan’s Financial Markets Supervision ...
Government of Azerbaijan, World Bank conclude implementation of Capital Markets Modernization Project

Government of Azerbaijan, World Bank conclude implementation of Capital Markets Modernization Project

04.11.2016 [15:11]
Azerbaijan’s Financial Markets Supervisory Authority (FIMSA) and World Bank have today hosted a conference to discuss the results of the Capital Markets Modernization Project (CMMP) supported by the World Bank and Switzerland’s State Secretariat for Economic Affairs (SECO). The conference was attended by the representatives ...