Industry

Azerbaijani oil prices increase

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $0.94 on October 27 compared to the previous price, amounting to $97.67 per barrel, Trend reports referring to the source from the country’s oil and gas market.   The price of Azeri LT FOB Ceyhan on October […]

Industry

Azerbaijani minister discloses production growth in industrial zones

BAKU, Azerbaijan, The production of goods in industrial zones increased by 41.5 percent from January through September 2022 compared to the same period the previous year, Trend reports citing Azerbaijani Ministry of Economy Mikayil Jabbarov’s Twitter account.   He said that in value terms this indicator reached 2.1 billion manat ($1.2 billion).   “The export […]

Industry

Azerbaijani Central Bank raises discount rate

BAKU, Azerbaijan, The Central Bank of Azerbaijan (CBA) adopted the decision to raise the discount rate by 0.25 percent, up to eight percent, Trend reports citing CBA.   According to the Central Bank, the upper limit of the interest corridor remained at the level of 9.25 percent, while the lower limit was raised by one […]

Industry

Azerbaijan’s strategic currency reserves increase

BAKU, Azerbaijan, Azerbaijan’s strategic currency reserves increased by 3.5 percent and amounted to $55.1 billion since the begging of 2022, Chairman of the Central Bank of Azerbaijan (CBA) Taleh Kazimov said during a press conference, Trend reports citing CBA.   “In addition, the foreign currency reserves of CBA increased by 8.4 percent from January through […]

Industry

Central Bank of Azerbaijan talks possible inflation growth by end of 2022

BAKU, Azerbaijan, The Central Bank of Azerbaijan (CBA) doesn’t rule out growth of inflation in the country by the end of 2022, Board Chairman of the CBA Taleh Kazimov said at a press conference on October 28 in Baku, Trend reports.   According to Kazimov, in September this year inflation in Azerbaijan amounted to 15.6 […]