The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, rose by $1.52 on June 16 compared to the previous price, reaching $76.52 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $75.86 per barrel on […]
Day: June 17, 2021
Azerbaijan’s Central Bank puts short-term notes up for auction
The Baku Stock Exchange (BSE) held a new auction for short-term notes of the Central Bank of Azerbaijan (CBA), Trend reports referring to a source in the BSE. During the auction, the CBA had put up short-term notes worth 100 million manat ($58.8 million) with a circulation period of 28 days. Reportedly, 19 investors filed 26 orders […]
Azerbaijan working to expand participation of business entities in public procurement
Azerbaijan is taking steps to improve public procurement, including creating equal competitive conditions for all producers, expanding the participation of micro, small and medium-sized businesses in public procurement, the State Service for Antimonopoly and Consumer Market Control under the Azerbaijani Ministry of Economy told Trend. According to the state structure, in the country, the amount […]
Damaged water, electricity meters in Azerbaijan to be replaced with ‘smart’ ones
Energy supplying organizations in Azerbaijan will use smart meters to provide consumers with electricity, natural gas, central heating, cooling and hot water, Trend reports citing the new bill ‘On the rational use of energy resources and energy efficiency’. The new bill states that in the event of damage to existing meters or if it is […]
Azerbaijan first within region in Sustainable Development Report 2021
Azerbaijan ranked 55th in the Sustainable Development Report 2021 among 193 UN Member States, Trend reports citing the document. Azerbaijan ranked the highest among countries of the South Caucasus with Georgia being 56th and Armenia being 58th. Azerbaijan’s overall score is 72.41 out of 100. The report noted that Azerbaijan is on track or is […]