Azerbaijani economy

Azerbaijan's Central Bank cuts refinancing rate

Azerbaijan’s central bank cut its refinancing rate to 9% from 9.25%, the CBA press service reported. The central bank also adjusted its rate corridor, setting an upper boundary at 11% and a lower boundary at 7%, compared to 7.25 …

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"Macroeconomic situation stable in Azerbaijan"

The Central Bank of Azerbaijan has cut the discount rate from 9.75% to 9.25%, chairman of the CBA Elman Rustamov said at a press-conference in Baku. According to him, there are no prerequisites in Azerbaijan for the …

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Ilham Aliyav: Azerbaijan economy independent

President of Azerbaijan Ilham Aliyev wishing citizens of the country Happy New Year and International Day of Solidarity with the Azerbaijani People spoke about economic success of the country in 2018. The leader of the country said that …

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Baku hosting 9th Russia-Azerbaijan Interregional Forum

The 9th Russia-Azerbaijan Interregional Forum has opened in Baku today. The event is aimed at developing trade, economic and humanitarian ties between the regions of the two countries, being a platform for joint work of Russia and …

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Azerbaijan’s Central Bank to hold deposit auction

Azerbaijan’s Central Bank will hold a deposit auction on August 27 to raise 350 million manat, the banks said in a statement. The auction will be held on the Bloomberg trading platform.  The interest rate on …

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Azerbaijani oil prices increase

The price of the AZERI LT CIF oil amounted to $76.40 per barrel today, an increase of $0.22, novosti.az reported. At the same time, September Brent crude futures fell 25 cents (0.3%) to $74.72 a barrel by 0654 GMT after rising nearly 1% …

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S&P and Fitch affirm Azerbaijan's ratings

S&P Global Ratings affirmed the long- and short-term foreign and local currency sovereign credit ratings on Azerbaijan at 'BB+/B'. The outlook on the long-term ratings is stable. "Our ratings on Azerbaijan are still …

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EBRD forecasts Azerbaijan’s GDP growth

European Bank for Reconstruction and Development (EBRD) forecasts 2.5%-growth in Azerbaijan’s GDP in 2018, according to the bank's Regional Economic Prospects report. ‘This is 0.5% higher than previous forecast’, …

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Natural Gas Europe: efficient oil strategy of Azerbaijan

When the Soviet Union (USSR) collapsed in the early 90s, Azerbaijan like other post-soviet countries faced the economic crisis. Due to isolationist economic policy of USSR, the economic relations of Azerbaijan with other countries outside the …

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