Industry

Azerbaijan’s Mortgage and Credit Guarantee Fund pays interest on bonds

BAKU, Azerbaijan, The Mortgage and Credit Guarantee Fund of Azerbaijan has made regular interest payments on bonds, Trend reports via the Baku Stock Exchange (BSE).   According to the fund’s bond prospectus, a certain part of the residual value of securities is envisioned to be paid along with interest payments on the bond payment date, […]

Industry

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 of 11 percent over the […]

Industry

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 agreement on the construction of […]

Industry

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 Azeri LT FOB Ceyhan on […]

Industry

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 and the roadmap for 2023 […]