Asian Infrastructure Investment Bank officially established

27.12.2015 [10:13]
An Asian Infrastructure Investment Bank has been officially established in Beijing. Azerbaijan is one of the founding members of the bank. The bank, which was established on the initiative of China ...

Azerbaijan SSC to put into operation automated trading and settlement system in securities market

18.12.2015 [11:36]
The Azerbaijan State Securities Committee recently is to put into operation automated trading and settlement system in the country’s securities market. This was stated by Azerbaijan State Securities ...

MONEYVAL approves voluntary report on progress submitted by Azerbaijani government

15.12.2015 [10:42]
As earlier reported, the 49th plenary session of the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) was held on December 8-11 in Strasbourg ...

TuranBank receives AMCHAM CSR 2015 Excellence Award

10.11.2015 [21:05]
TuranBank has been named the third place winner under the nomination “Volunteering” of the AMCHAM CSR 2015 Excellence Award organized by the American Chamber of Commerce in Azerbaijan. ...

TuranBank receives $3.5 loan tranche from IFC

30.10.2015 [18:08]
TuranBank has completed the receipt of another loan tranche from the International Finance Corporation in the amount of $3.5 million. The bank will use the loan to expand its financing of micro, small and medium enterprises ...

Chairman of Azerbaijan Central Bank meets WB Vice President for Europe and Central Asia

24.10.2015 [21:40]
Chairman of the Central Bank Elman Rustamov has met the World Bank's newly-appointed Vice President for Europe and Central Asia Cyril Muller. They discussed the current state of the World Bank`s credit portfolio for Azerbaijan, as well as priority areas of future cooperation. ...

Pasha Bank becomes first member of Factors Chain International from Azerbaijan

13.10.2015 [19:00]
PASHA Bank has become the first member of Factors Chain International (FCI) from Azerbaijan. The bank will offer international factoring services to the companies carrying out export and import operations. ...

AccessBank launches its new Internet Banking service – "my Access"

12.10.2015 [19:57]
Following several months of intensive project work AccessBank has successfully completed and launched its new innovative Internet Banking service "myAccess" which is now available to its clients. The new service "myAccess" has been developed jointly with a leading ...

Minister Mahmoud Vaezi: International North-South Transport Corridor meets national interests of our countries

12.10.2015 [19:19]
The international transport corridor North-South, passing through Azerbaijan and Iran, has a great advantage over other alternative international transport corridors, Minister of Communications and Information Technology of Iran Mahmoud Vaezi told local press. ...

Central Bank, International Card Organization "MasterCard Worldwide" discuss possibilities of cooperation

09.10.2015 [12:37]
The Central Bank and international card organization "MasterCard Worldwide" discussed issues on possibilities of cooperation and strategic directions on the development of non-cash payments in Azerbaijan. According to the Central Bank, the chairman of the Bank Elman Rustamov met the delegation led by President of "MasterCard" system in ...

ADB forecasts 2.8% increase for Azerbaijan's GDP in 2016

05.10.2015 [21:00]
“Azerbaijan's GDP is expected to grow by 3% in 2015, and 2.8% in 2016,” the Asian Development Bank said in the Asian Development Outlook. The report notes that forecasts for positive surplus of Azerbaijan's balance of payments will be nearly 6% of GDP. This indicator will be 8 % for 2016 ...

International Bank of Azerbaijan and EIB sign €50 mln loan agreement

17.09.2015 [21:31]
The European Investment Bank (EIB) is lending EUR 50 million to the International Bank of Azerbaijan (IBA) to finance projects promoted by SMEs and midcaps in the country. The EU bank’s loan will support projects in the priority areas specified by the EIB external lending mandate, including the development of the local private sector ...

Tax Professional Training and Development Forum kicks off in Baku

09.09.2015 [20:05]
Tax Professional Training & Development Forum has started in Baku as part of cooperation between Azerbaijan`s Ministry of Taxes and the Intra-European Organisation of Tax Administrations (IOTA). The first and last day of the three-day forum will be held in Baku, while the Ministry`s Shamakhi ...

Fitch affirms Azerbaijan at 'BBB-'; Outlook Stable

29.08.2015 [21:28]
Fitch Ratings has affirmed Azerbaijan's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-' with a Stable Outlook, the international rating agency said. The issue ratings on Azerbaijan's senior unsecured foreign currency bonds have also been ...

Standard & Poors approves credit rating for Azerbaijan

31.07.2015 [21:43]
Standard & Poors credit rating for Azerbaijan stood at BBB-. Fitchs credit rating for Azerbaijan is BBB-. "The Euro decreased to 1.10 US dollars in July from 1.11 in June of 2015. The euro was only introduced as a currency on the first of ...

Baku hosts 6 Azerbaijan International Insurance Forum VIDEO

02.07.2015 [15:43]
The 6th Azerbaijan International Insurance Forum has kicked off in Baku. Support by Azerbaijan Insurers Association and the Ministry of Finance, it brings together more than 250 delegates from 25 countries ...

Fifty countries sign Articles of Agreement for Asian Infrastructure Investment Bank VIDEO

29.06.2015 [15:19]
Representatives from 57 Prospective Founding Members (PFMs) of the Asian Infrastructure Investment Bank (AIIB) gathered on June 29, 2015 in Beijing at a Signing Ceremony of the Bank's Articles of Agreement at the Great Hall of the People ...

London’s Lord Mayor: “Azerbaijan’s position with sustainable economy is strengthening in international arena”

05.06.2015 [10:25]
“Azerbaijan’s position with sustainable economy is strengthening in international arena and British companies are interested in investing in Azerbaijan”, has told Lord Mayor of the City of London Alderman Alan Yarrow at the meeting with English delegation held at the State ...

New York Hosts the 1st U.S.-Azerbaijan Banking and Finance Forum VIDEO

29.05.2015 [12:27]
The U.S.-Azerbaijan Chamber of Commerce (USACC) has organized the 1st U.S.-Azerbaijan Banking & Finance Forum in New York with the sponsorship of the International Bank of Azerbaijan, PASHA Bank, Boeing Company and GE. The forum took place ...