Day: November 13, 2021

admin November 13, 2021

Turkish President hosted dinner reception in honor of participants of 8th Summit of Cooperation Council of Turkic-Speaking StatesAn official dinner reception has been hosted on behalf of President of the Republic of Turkey Recep Tayyip Erdogan in honor…

admin November 13, 2021

President of the Republic of Belarus Alexander Lukashenko made a phone call to Ilham AliyevOn 8 November, President of the Republic of Belarus Alexander Lukashenko made a phone call to President of the Republic of Azerbaijan Ilham Aliyev.The heads of s…

Web Desk November 13, 2021

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by $0.24 on Nov. 12 compared to the previous price, settling at $84.13 per barrel, Trend reports referring to the source from the country’s oil and gas market. The price of Azeri LT FOB Ceyhan on Nov. 12 amounted to $83.22 per […]

Web Desk November 13, 2021

The Central Bank of Azerbaijan held another foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on Nov. 12, Trend reports referring to the official website of the Central Bank of Azerbaijan (CBA). According to the CBA, the demand at the auction amounted to $88.6 million and was fully satisfied. As a […]

Web Desk November 13, 2021

Fitch Ratings forecasts the current account in Azerbaijan returns to a surplus of 7.9 percent of GDP in 2021, from last year’s deficit of 0.5 percent, Trend reports with reference to the rating agency. Fitch Ratings has affirmed Azerbaijan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BB+’ with a Stable Outlook. The rating is supported by Azerbaijan’s […]

Web Desk November 13, 2021

The official exchange rate of the Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week, Trend reports. Accordingly, last week, the average rate was 1.7 AZN/1 USD. The official rate of the manat against the euro decreased by 0.0246 manat. The average AZN/EUR rate decreased by 0.0131 and […]

Web Desk November 13, 2021

Fitch Ratings forecasts GDP growth of 4.9 percent in 2021 in Azerbaijan, following last year’s 4.3 percent contraction, driven by recovery in the non-oil sector and supported by the vaccination rollout, currently 97 doses per hundred people, Trend reports with reference to Fitch. “We project GDP growth slows to 2.9 percent in 2022 and 2.3 […]

Web Desk November 13, 2021

Turkish companies are interested in promotion of Azerbaijan’s investment potential, the President of the International Business Forum (IBF), founder of the Association of Independent Industrialists and Entrepreneurs of Turkey (MUSIAD) Erol Yarar said at a press conference in Baku, organized by the Azerbaijan Small and Medium Business Development Agency, Trend reports. According to Yarar, three days after […]

Web Desk November 13, 2021

An ounce of gold in Azerbaijan increased by 51.2465 manat (1.65 percent) this week. The average price of one ounce of gold amounted to 3.134,261 manat, increasing by 3.25 percent or 98.4 manat compared to the previous week. Accordingly, the average price of one ounce of silver stood at 42.0401 manat, which is 4.22 percent […]