First international conference dedicated to development of the banking system, titled “Development of Banking system in Azerbaijan” ended in Baku on 14 November. The event, organizers of which were National ...

The International Monetary Fund in general approves of the monetary-financing policy carried out by the National Bank of Azerbaijan, IMF mission chief John Wakeman-Linn said at a press conference in ...

During the period from Jan-Oct 2003 the national company KazMunaiGas produced 6.5823 million tonnes of oil and gas condensate, exceeding planned targets by 2.6% and by 6.6% year-on-year. This ...

Weighted average exchange prices made up 4912,19 manat for 1 US dollar in Baku Interbank Currency Exchange on November 13.
In the morning, the volume of deals closed by ...

Project of state budget – 2004 differs from previous; earlier, state budget was only taken into account, Ministry of Finance reports. The current project let cope with all financial resources ...

The first international conference “ Development of banking system in Azerbaijan” started its work at the Gulustan palace, in Baku, on November 12.
The conference organized by the National Bank ...

President of the State Oil Company of Azerbaijan Natig Aliyev told AzerTaj correspondent that while in 2003 state budget oil price had been fixed at US$19,5, in 2004 budget the ...

The off-budget means are also included in the 2004 draft budget. According to the Ministry of Finance, off-budget expenditures are envisaged to the amount of 335 billion manat. In previous ...

According the Ministry of Finance, Azerbaijan’s financial reserves have made up US$1,5 bln as of October 1, 2003, and $700 mln of them are the resources of the National Bank, ...

Weighted average exchange prices made up 4911,68 manat for 1 US dollar in Baku Interbank Currency Exchange on November 11.
In the morning, the volume of deals closed by two ...

As stated, an international conference on regional economic cooperation was held on 11 November in Tashkent. The Forum is attended by delegations of seven member-states of the Program on Central-Asian ...

Board of Directors of the International Monetary Fund (IMF) will consider the issue on allocation to Azerbaijan another credit at amount $18 million to finance the program for poverty reduction ...

On November 11, 5 new carriages were put on rails in the Baku Metro. A solemn ceremony was dedicated to this event.
Opening the ceremony, chief of the Metro Department ...

On 11 November, the European Bank of Reconstruction and Development (EBRD) approved a credit granting a $250 million credit for realization of the Baku-Tbilisi-Ceyhan main export pipeline project (BTC MEP). ...

The “Energy resources of the Caspian and interests of Europe” international scientific symposium was held in Berlin on 10-11 November. The Symposium, organized by the German Fredric Ebert Fund was ...

Minister of transport of Azerbaijan Ziya Mammadov met with representatives of the Islamic Bank of Development (IBD).
Updating the guests on the policy pursued by Azerbaijani state in the field ...

The board of the European Bank for Reconstruction and Development (EBRD) today approved up to $ 250 million in loans to the Baku-Tbilisi – Ceyhan (BTC) pipeline. This follows the ...

Upturn in oil prices was observed in the world markets on November 10. Increase in demand of oil is connected to the terrorist act committed in Riyadh in the weekend. ...

Along with reduction of tax categories volume of tax-free amount will also increase in 2004,
According to the Ministry of Taxes, up to date, the tax-free amount has made 100 ...