Miscellaneous

19th anniversary of Aghdam’s occupation commemorated in Baku

Baku: Rashad Suleymanov ;The 19th anniversary of Aghdam region’s occupation has been commemorated in the Alley of Martyrs in Baku today. APA reports that Aghdam region’s society, members of several foreign organizations functioning in Azerbaijan visited the Alley of Martyrs on this occasion. About 3,000 people attended the event. Members of Aghdam Region Executive Power, […]

Miscellaneous

Center for Strategic Studies announces its report on first half of 2012

Baku: The Center for Strategic Studies (CSS) under President of Azerbaijan announced its report on the first half of the year. The CSS told APA that the Center has finished work on several book projects this year. “Azerbaijan towards independence (Analytic review)” collected works was published in Russian in Azerbaijan and “South Caucasus 2021: Oil, […]

Market

SOFAR purchases 800 mln TRLs so far

Baku: Ali Ahmedov ; Economics. State Oil Fund of Azerbaijan has purchased 800 mln Turkish liras (approximately AZN 400 mln) and invested in short-term deposits of Turkish local banks. SOFAR says business visits were carried out to Turkey and meetings with state and financial organizations were held.

Market

SOFAR to purchase real estate in London, Paris, Roma, Moscow and Istanbul

Baku: Ali Ahmedov ; Economics. State Oil Fund of Azerbaijan intends to invest in real estate such as office located in the central cities of Europe and Asia. SOFAR says the employees visited to London, Paris, Roma, Moscow and Istanbul and held meetings with different real estate companies. At the same time, different real estate […]

Market

Transit cargo transportation via sea transport increases in Azerbaijan

Baku: Nijat Mustafayev ; Economics. The volume of the cargo transported via sea transport during January-June, 2012, rose 5.3% to 6.5 mln tons. State Statistical Committee says 61.4% of cargo was oil, 38.6% – dry cargo and all transportations were carried out on foreign link. International transit cargo rose 3%.

Market

Cash money supply increases by 12 times during past 7 years in Azerbaijan

Baku: Vahab Rzayev ; Economics. Cash money supply increased by 12 times during past 7 years in Azerbaijan. According to Deputy-Chief of Cash Money Department of Central Bank of Azerbaijan Hajibaba Masimov, the cash money supply exceeded AZN 7 bln, while it was AZN 600 mln 7 year earlier. Annual average growth rate makes 15-20%. […]

Market

Next meeting of Hungary-Azerbaijan intergovernmental commission to be held in October, Budapest

Baku: Nijat Mustafayev ; Economics. Today, the delegation led by Co-Chairman of Azerbaijani-Hungarian Intergovernmental Commission, State Secretary for Foreign Affairs under Hungarian Prime Minister’s office Peter Shiyarto has met with Azerbaijani co-chairman of Commission, Minister of Economic Development Shahin Mustafayev. According to Ministry, Mustafayev spoke about Azerbaijan’s successes in economy’s all spheres, special significance of […]