Category: Business

The Central Bank of Azerbaijan (CBA) together with the European Bank for Reconstruction and Development (EBRD) is working on the creation of a credit agency.   This is reported by “Baku Stock Exchange”.   The report says that a meeting was held at the exchange with the participation of representatives of the CBA and the […]

The Central Bank of Azerbaijan plans to make changes to the “procedure for cash transactions, storage and collection of cash and other valuables in credit institutions.”   This was announced by the head of the cash management department of the Department of Funds Anar Dadashov. According to him, the goal is to change the rules […]

In 2022, 51,992.5 tons of bananas were delivered to Azerbaijan, down 0.2% from the previous year.   According to the State Customs Committee, nearly the entire volume of goods was imported from Ecuador. Average declared cost of 1 ton of bananas was $716.9, up $2.5 from 2021.   According to the observations of the State […]

In January this year, “Cola drinks” (Coca-Cola and Pepsi Cola) in Azerbaijan cost an average of 1.36 manats ($80-cent) per 1 liter, which is up by 20.5% from January 2022.   This is evidenced by the data obtained by Turan from the State Statistics Committee.   “Azerbaijan Coca‑Cola Bottlers”, a monopolist of the soft drinks […]

Last Saturday, on 18 February, the press service of the Cabinet of Ministers issued a statement about the extraordinary meeting of the Economic Council, headed by its chairman Ali Asadov in the style of “discussed, heard and given orders.”   A short report makes it clear that the agenda of the meeting included economic policy […]

BAKU, Azerbaijan, Trade turnover between Azerbaijan and Israel is expected to grow this year, the Founder of the Israel-Azerbaijan Chamber of Commerce and Industry (IACCI) Alex Kaplun told Trend.   According to Kaplun, relations between the countries will only improve and government projects will only expand.   “As for the trade turnover between entrepreneurs, here […]