Category: Economy

“Tax revenues from the non-oil and gas sector to the state budget of Azerbaijan in 2020 amounted to 5.6 billion manats,” Economy Minister Mikayil Jabbarov said, “QİA.AZ” quotes, as saying. According to the Minister, this is the highest figure ever recorded: “The share of funds collected in the non-oil and gas sector in total revenues reached 76%.”

A new McDonald’s bakery plant will be built in Tbilisi, Temur Chkonia, the owner of the McDonald’s franchise in Georgia, said in an interview with Formula TV channel, the Georgian bureau of “QİA.AZ” informs. He said that the plant would open at the end of next month or early March. ‘About 6 million euros will be invested… Continue reading Azerbaijan to import McDonald’s burger buns from Georgia

The Azerbaijani Food Safety Agency takes the necessary measures in accordance with the epizootic situation in the world on the basis of information from the World Organization for Animal Health (International Epizootic Bureau – IEB) to protect against infectious diseases of animals that can enter the Azerbaijani territory from other countries, QİA.AZ reports with reference to… Continue reading Azerbaijan suspends import of live poultry and poultry products from several countries

Ziraat Bank Azerbaijan, a subsidiary of Turkey’s largest bank Ziraat Bank in Azerbaijan, is preparing to open a Karabakh branch, “QİA.AZ” reports, citing Chairman of the Board of Ziraat Bank Azerbaijan OJSC Avni Demirci. “We are looking for a suitable place for a new branch in Shusha. By opening a branch in Karabakh, we plan to provide preferential… Continue reading Turkey’s largest bank opens its branch in Shusha

According to the official exchange rates of the Central Bank of Azerbaijan for today, the US dollar remained unchanged at AZN 1.7000, The euro gained 0.30%, settling at AZN 2.0623, and the Russian ruble rose by 0.87% to AZN 0.0232. Currency Exchange rates 1 USD (US dollar) 1.7000 1 EUR (Euro) 2.0623 1 RUB (Russian ruble) 0.0232 1… Continue reading CBA currency exchange rates (21.01.2021)

Current price Compared to theprevious day’s close Compared to thebeginning of the year Currency Brent (dollar/barrel) 56.08 0.70 4.99 WTI (dollar/barrel) 52.96 0.00 4.96 Gold (dollar/ounce) 1,866.50 26.30 – 16.40 Indices Dow-Jones 31,188.38 257.86 852,71 S&P 500 3,851.85 52.94 124.81 Nasdaq 13,457.25 260.07 607.03 Nikkei 28,523.26 – 110.20 955.11 Dax 13,921.37 106.31 159.99 FTSE 100… Continue reading Key indicators of world commodity, stock and currency markets (21.01.2021)

In January-November 2020, Belarus imported oil from Azerbaijan worth $ 210 million, “QİA.AZ” mentions, citing Belarus media. According to statistics, in January-November last year, Belarus’ oil imports fell by 43.5% to $ 3.35 billion. In November, crude oil imports to the country amounted to about $ 458 million. In November 2020, Azerbaijan exported crude oil to Belarus… Continue reading Azerbaijan unveils cost of oil exported to Belarus

Greece’s state-controlled gas utility DEPA announced on Thursday that the country started receiving natural gas from the Trans Adriatic Pipeline (TAP) after the completion of its construction in December,“QİA.AZ” informs. “Through the implementation of the TAP pipeline and the signing of a deal, Greece seals its participation in the EU’s strategic project for the opening of… Continue reading Azerbaijani gas delivered to Greece

State Oil Fund of Azerbaijan (SOFAZ) sold $ 7,303.6 mln in 2020, up 10,8% from the previous year, “QİA.AZ” informs referring to the Fund. In December 2020, SOFAZ sold $ 637.7 mln in auctions, which is 28% less than in December 2019.