Month: December 2022

Kyrgyzstan boosts coal exports to Uzbekistan in 11M2022

BAKU, Azerbaijan, The volume of coal exports from Kyrgyzstan to Uzbekistan has increased over the year, Trend reports citing the State Committee of Uzbekistan on Statistics.   According to statistical data, Kyrgyzstan exported 1 034 036 tons of coal to Uzbekistan from January through November 2022, which is an increase

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Kazakhstan, Kyrgyzstan launch joint construction of solar plant

BAKU, Azerbaijan, Kazakhstan and Kyrgyzstan launched the construction of a joint solar power production enterprise on Issyk Kul lake, worth around $35 million, Trend reports, citing Kyrgyz media.   In total, the parties plan to build several solar stations in Kyrgyzstan with a total capacity of 300 MW.   The

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Azerbaijan sees decline in oil prices

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 25 cents on December 29 compared to the previous price, amounting to $87.48 per barrel, Trend reports referring to the source from the country’s oil and gas market.   The price of

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CBA presents roadmap on financial services for 2023

BAKU, Azerbaijan, At the meeting of the working group of the Central Bank of Azerbaijan (CBA) on the development of financial markets and the availability of loans, the Commission on Business Environment and International Rankings was presented with information on the draft action plan of the working group for 2023

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CBA records growth in Azerbaijan’s foreign exchange reserves

BAKU, Azerbaijan, Azerbaijan’s strategic foreign exchange reserves increased by 12.3 percent, or $6.5 billion, from January through November 2022, and amounted to $59.8 billion, Trend reports citing the Central Bank of Azerbaijan (CBA).   For the first nine months of this year, a surplus of 30.7 percent of GDP was

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Weekly review of Azerbaijan’s foreign exchange market

BAKU, Azerbaijan, The official exchange rate of the Azerbaijani manat against the US dollar, set by the Central Bank of Azerbaijan Republic (CBA), remained unchanged this week, Trend reports.   The average weighted rate based on the results of the week was 1.7 AZN/1 USD. The official exchange rate of

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