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Weekly Azerbaijan Business Monitoring: May 2019 (3)

18 October 2019
70 AZN 40 USD 35 EUR

Last week review

President İlham Aliyev met with President of European Council
Azerbaijan receives observer status at Pacific Alliance
Salaries rising in Azerbaijan
Azerbaijan reveals districts where seed processing plants will be built
Azerbaijan's SME Development Agency, Ziraat Bank to implement joint projects
Iran, Azerbaijan to launch first phase of e-TIR project in mid-May
3 new DOST centers expected to open in Azerbaijan in 2020
Azerbaijan prepares new project with WВ for expanding self-employment program
Minister: New concept on forecasting Azerbaijan’s pension system to be ready by end-2019
Azerbaijan developing transit potential, establishing communications via Caspian Sea
Azerbaijani textile factory to establish exports to UAE, Russia
Azerbaijan’s airports served almost 1.5 million passengers in first four months 2019
UN Development Program ready to support dev't of alternative energy in Azerbaijan
Czech Republic ready to create agro-enterprises in Azerbaijan
Ilham Aliyev attends opening of “Diamed Co” syringe plant in Pirallahi Industrial Park
Azerbaijan invites Czech companies to set up joint ventures in agriculture & energy
Agency for Development of SMEs to expand network of rep offices in Azerbaijan
Baku to host fourth meeting of US-Azerbaijan Economic Partnership Commission
Azerbaijani Buta Airways carries out first Baku-Odessa flight
Azerbaijan’s major tea producer to enter European market
Food Safety Agency: Azerbaijani products are easily exported to EU
IFC supports development of private sector in Azerbaijan
OPIC to allocate $50M for terminal construction in Poti port
Czech businessmen ready to invest in Azerbaijan
Azerbaijani Buta Airways launches flights to Russia’s Astrakhan
Azerbaijan, Czech Republic working on major project in machine engineering

Azerbaijani oil prices

Dynamics of monetary market of Azerbaijan

Major events in caspian countries' oil and gas industry for last week

BP to start drilling first well at on Shallow Water Absheron Peninsula later in 2019
LUKOIL sees significant potential for growth of its motor oil sales in Azerbaijan
Envoy: Azerbaijan, Pakistan are exploring further possibilities in energy sector
SOCAR opens season of refueling on water in Ukraine
Azerbaijan is among countries leading losses in global oil supply: IEA
SOCAR to conduct geological exploration in Uzbek section of Aral Sea
Finland looking to develop innovative partnerships with Azerbaijan in energy efficiency
Azerbaijan considers it necessary to extend OPEC+ deal

Weekly economic review

Situation in microfinance market improves in Azerbaijan
Azerbaijani Financial Market Supervisory Authority reveals new agricultural insurance mechanism
Financial products search system presented in Azerbaijan
506,000 citizens in Azerbaijan receive problem loans compensation
Mortgage lending value in Azerbaijan since beginning 2019 revealed
IFC offers Azerbaijan new method of expanding lending in districts
Opening bank account online in Azerbaijan to become possible soon
Visa to launch tokenization system in Azerbaijan
Turnover of Azerbaijan’s national payment system greatly increases
Access to financial services to be significantly simplified in Azerbaijan
Visa: Azerbaijan exemplary in effective implementation of payment solutions
Azerbaijan to expand use of financial technologies
AzerInsurance to restore license on one of its services
New type of insurance may appear in Azerbaijan
Compulsory Insurance Bureau of Azerbaijan imposes restrictions on AzerInsurance
Infrastructure for blockchain technology to appear in Azerbaijan by 2020

Last week’s laws, orders and decrees in Azerbaijan

Azerbaijani president signs decree on "G2B" single electronic register
Azerbaijani president allocates additional funds for construction of road in Guba

Weekly actual topics in Azerbaijan

ISSA: Azerbaijan’s pension system one of the best in the world
Ali Ahmadov: Azerbaijan - leader in conducting reforms in the region
What is situation in Azerbaijani advertising market?