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 ...

Baku hosts ADB Governors’ 48th Annual Meeting VIDEO

02.05.2015 [12:51]
The 48th Annual Meeting of the Board of Governors of the Asian Development Bank (ADB) has today kicked off in Baku. About 3,000 participants, including senior officials, business leaders, investors, financiers, journalists, and civil society representatives from ...

Fitch Ratings reconfirms DemirBank’s B rating with stable outlook

14.03.2015 [12:36]
The international rating agency Fitch Ratings has reconfirmed DemirBank’s B rating with stable outlook by the results of a regular assessment. This is one of the highest ratings among local banks ...

Fitch Affirms Azerbaijan at 'BBB-'; Outlook Stable

14.03.2015 [12:05]
Fitch Ratings has affirmed Azerbaijan's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'. The Outlooks are Stable. The issue ratings on Azerbaijan's senior unsecured foreign and local currency ...

New York to host America-Azerbaijan banking and financial forum

20.02.2015 [15:27]
The first America-Azerbaijan banking and financial forum will be held in New York on May 5, the United States-Azerbaijan Chamber of Commerce (USACC) website reported. The forum to be organized by USACC, "PASHA Bank" and with support of the International Bank ...

Azerbaijan, Iran discuss ways of developing cooperation between central banks

30.01.2015 [19:33]
Chairman of Azerbaijan`s Central Bank Elman Rustamov has met Iranian Minister of Economic Affairs and Finance Ali Tayebnia to discuss prospects for developing cooperation between the two countries` central banks. ...

International Bank of Azerbaijan, Russian Sberbank ink MoU

23.01.2015 [12:50]
The International Bank of Azerbaijan (IBA) and Sberbank of Russia have signed a Memorandum of Understanding and Cooperation at the World Economic Forum Annual Meeting in Davos. The document was signed by Jahangir Hajiyev, Chairman of the Board of IBA and Herman Gref, Chief Executive Officer and Chairman of ...

Elman Rustamov: “Introduction of electronic mortgage started”

12.01.2015 [16:40]
“15,800 families have bought houses through mortgage lending so far”, said the Chairman of Central Bank of Azerbaijan Elman Rustamv at the meeting of the Cabinet of Ministers dedicated to the results of socio-economic development in 2014 and objectives for 2015. ...

“Over the last 10 years the volume of foreign trade turnover of goods and services has increased by 7 times”, Elman Rustamov

12.01.2015 [15:04]
“The Central Bank of Azerbaijan is confident in the stability of the country’s balance of payments”, the CBA chairman Elman Rustamov stated at the governmental meeting dedicated to the results of socio-economic development in 2014 and objectives ...