Last week review (may 2- 6)

May 2

Azerbaijan’s Central Bank decides on discount rate

The Central Bank of Azerbaijan (CBA) has left the discount rate unchanged, the CBA said in a message.

The Central Bank’s discount rate has been 15 percent since Sept. 14, 2016, having increased from 5 percent over 2016.

Also, the upper limit of the trading band was maintained at 18 percent, while the lower limit was left at 12 percent. They were last changed together with the discount rate.

Prior to this, the upper limit of the trading band was 15 percent, while the lower limit was four percent.

Ilham Aliyev meets delegation led by Djibouti’s National Assembly president

President of the Republic of Azerbaijan Ilham Aliyev has received a delegation led by President of the National Assembly of the Republic of Djibouti Mohamed Ali Houmed.

President Aliyev expressed his confidence that the visit of Mohamed Ali Houmed will play a significant role in the development of Azerbaijan-Djibouti relations and that various aspects of cooperation will be widely discussed during the visit.

Touching upon economic cooperation, President Aliyev said significant steps were taken in this regard.

The president noted that the establishment of air transportation between the two countries positively influenced mutual trade.

May 5

Azerbaijani businessmen intend to increase investments in Turkey

Azerbaijani businessmen intend to increase investments in Turkey, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said.

Mammadov made remarks at the Azerbaijan-Turkey business forum in Baku.

He added that at present, Azerbaijan is the biggest foreign investor of Turkey.

Mammadov added that Turkey should eliminate customs duties on the import of Azerbaijani products for further expansion of trade and economic relations between the two countries.

Ilham Aliyev meets World Tourism Organization’s secretary general

Azerbaijan’s President Ilham Aliyev has met with Secretary General of the World Tourism Organization (UNWTO) Taleb Rifai.

The development of Azerbaijan-UNWTO relations was hailed.

President Aliyev said Azerbaijan benefits from UNWTO’s recommendations on development of tourism, adding that the industry is rapidly growing in the country.

They discussed proposals on the opening of new tourist routes, facilitation of visa regime, and the possible launch of special transit flights with the help of Azerbaijan.

Ilham Aliyev hails good opportunity to develop relations with Mali

President of the Republic of Azerbaijan Ilham Aliyev has met with President of the Republic of Mali Ibrahim Boubacar Keita.

Underlining his country's keenness to develop bilateral ties with Azerbaijan, the Malian president expressed the need to study Azerbaijan's experience, technical capabilities as well as management experience in various fields of economy, including the agricultural sector.

President Ibrahim Boubacar Keita also hailed good prospects for cooperation with Azerbaijan in military-technical and energy spheres.

Turkey to get more products made in Azerbaijan’s Nakhchivan

Azerbaijani Economy Minister Shahin Mustafayev and Turkish Ambassador to Azerbaijan Ercan Ozoral at the meeting in Baku reached an initial agreement to increase supplies of products made in Azerbaijan’s Nakhchivan Autonomous Republic to Turkey, Azerbaijani Economy Ministry said.

It was stressed that the Turkish delegation will visit Azerbaijan in May to hold further negotiations, according to the economy ministry.

So far, Turkey has received Azerbaijani investments worth $9 billion, he said. In turn, Turkey invested $11 billion in Azerbaijan’s economy, he added.

Besides, 2,900 companies with Turkish capital were registered in Azerbaijan, and almost 2,000 companies with Azerbaijani capital were registered in Turkey, Mustafayev noted.

May 6

Azerbaijan to strengthen its positions as digital trading hub

Azerbaijan will strengthen its positions as a digital trading hub, Vusal Gasimli, executive director of the country’s Center for Analysis of Economic Reforms and Communications, said.

Gasimli made the remarks at a signing ceremony of a memorandum of understanding with Abdulaziz Othman Altwaijri, director general of the Islamic Educational, Scientific and Cultural Organization (ISESCO) in Baku.

Gasimli added that the signing of the memorandum, contributing to the recognition of Azerbaijan as a digital trading hub, will also help increase the volume of transactions.

He stressed that the creation of a digital trading hub is important for the mutual recognition of e-signature in Islamic countries.

AzEduNet seeking to attract investments for transferring schools to optic connection
AzEduNet seeking to attract investments for transferring schools to optic connection
National Bank of Pakistan cease to operate in Uzbekistan
National Bank of Pakistan cease to operate in Uzbekistan
Vienna University of Technology has announced admission for the first Master's program in Baku
Vienna University of Technology has announced admission for the first Master's program in Baku
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Georgian ministry reveals volume of exported potatoes
Benzol transshipment via Turkey's ports during 1H2020 disclosed
National Bank of Georgia reveals volume of net profit received by banking sector
Germany, UK to persuade US to temporary lift sanctions against Iran
Cargo transshipment via Turkey's Iskenderun port for six months revealed
Georgian Health Ministry purchases rapid COVID-19 tests
Georgian Tskali Margebeli reveals volume of mineral water to be exported to Japan
AzEduNet seeking to attract investments for transferring schools to optic connection
Georgian olive oil replaces over 20% of imports
Iranian fisheries company interested in exporting their products to Turkmenistan
Russia's Ministry of Agriculture: Russia expands range of exports to Uzbekistan
Switzerland finances digital learning project of Uzbekistan
National Bank of Pakistan cease to operate in Uzbekistan
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Turkey reveals cargo shipment from Ukraine via its ports in 1H2020
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Iran discloses number of stations being built in Iran's Shiraz county
Vienna University of Technology has announced admission for the first Master's program in Baku
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Кazakhstan Electricity Grid Operating Company to buy construction materials via tender
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Uzbekistan aims to boost production of cement, construction materials
Iranian economist: Selling oil bonds - win-win deal
Turkish president receives Azerbaijani Foreign, Defense Ministers
Azerbaijan confirms 214 more COVID-19 recoveries
Uzbekistan establishes joint Uzbek-German asphalt production enterprise
Turkmenistan exports large volume of vegetables, fruits to EAEU countries
Iran's Shazand Oil Refining Company reveals amount of fuel produced for ships
Kazakhstan's foreign exchange reserves up month-on-month
Georgian Products Renaissance company expands export of its products
Saudi arabian company to build gas turbine power station in Uzbekistan
Prices of precious metals change in Azerbaijan
Turkmenistan increases tomato exports to EAEU
Georgian citizens arriving in Finland not to undergo compulsory quarantine
Uzbek-Korean JV to buy industrial vacuum cleaners via tender
Kazakhstan's import of Austrian-made goods plummets during COVID-19
Turkey unveils 1H2020 volume of gasoil movement through its ports
Mevlut Cavusoglu: Turkey always next to fraternal Azerbaijan
Azerbaijan's PM holds phone talk with CEO of BP Group
Iran’s Bahar Azadi gold coin price continues to rise
Iran talks about details of dairy products export
Volume of gas injected into storages in Azerbaijan disclosed
Turkish Anadolu news agency publishes interview with Azerbaijani MP Sevil Mikayilova on Azerbaijani-Turkish relations
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French privacy watchdog opens preliminary investigation into TikTok
Azerbaijani currency rates for August 11
Demand for coal in Uzbekistan increases
Georgian Partnership Fund to sell its shares in Telasi energy distributor company
Design of upper block for Azerbaijan's Karabakh field being developed
Home purchases in Israel at 10-year peak in June
Iran's Tehran Oil Refining Company to boost its production
South Korean company to build cement plant in Uzbekistan
Azerbaijani FM: Azerbaijani-Turkish relations successfully developing in all areas
Azerbaijani president: Interest of foreign investors in oil and gas industry, in Azerbaijan’s oil and gas potential showing no sign of abating
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Iran to save foreign currency via domestic production
Turkmenistan’s Balkan region to increase volume of agricultural production
Amount of MOL Group’s provisions at Azeri-Chirag-Gunashli disclosed
Uzbekistan, Russia expanding bilateral cooperation in agro-industrial sector
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Azerbaijani president: Garabagh field jacket demonstrates our strength again
FM: 29 agreements to be signed between Azerbaijan, Turkey
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Azerbaijani FM to meet with Turkish president
Bos Shelf: Sail away of jacket for Azerbaijani ACE project expected in late 2021
President Ilham Aliyev: All projects are being implemented successfully
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Azerbaijani president: Southern Gas Corridor is our historic achievement
Iran exports major part of non-oil products to neighboring countries
Azerbaijani president: Then leadership of Azerbaijan – the PFPA-Musavat tandem – allowed for occupation of our lands
Georgian Healthcare Group removed from London Stock Exchange
Iran building new solar panel station
Iran reports its COVID-19 data for August 11
MOL Group reveals capex in Azeri-Chirag-Gunashli
Uzbekistan discovers new gas field in country's Bukhara region
MOL Group increases filling stations in Europe
European Gymnastics President: 38th edition of FIG Congress to be held in Antalya
Azerbaijani oil grows in price
BOS Shelf completes construction of largest offshore jacket in Caspian Sea
New wells put into operation at Iran's South Pars gas field
Azerbaijani, Turkish FMs holding meeting in Ankara (PHOTO)
Central Bank of Azerbaijan launches IFC-funded digital financial service project
Georgia's Herbia company plans to expand its operations
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