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Weekly Azerbaijan Business Monitoring: May 2019 (4)

18 October 2019
70 AZN 40 USD 35 EUR

Last week review

Public Council under Azerbaijani agency to become link between entrepreneurs, society & state
EY Azerbaijan participates in FINTEX Summit
S. Korea ready to share experience with Azerbaijan in solving issues of problem loans
Azerbaijani MPs propose to change law on inspections in field of entrepreneurship
AZAL President, Egyptian Ambassador to Azerbaijan discuss opening of new flights
ADB will continue to support Azerbaijan in diversifying economy
State fees for temporary and permanent residence of foreigners to be changed in Azerbaijan
Azerbaijani Finance Ministry seeks to improve public debt management
President Ilham Aliyev inaugurates Sabunchu Railway Station Complex
Azerbaijan changes regulations for foreign trade activities
Azerbaijan-UK Intergovernmental Commission on Economic Co-op to held meeting
Samir Sharifov: Azerbaijan reduces external debt in GDP by 17%
Azerbaijan, Kazakhstan to expand activities on Trans-Caspian International Transport Route
Transport hub planned to be created in Baku's Sabunchu settlement
Azerbaijani official: Railway line to extend in future to Heydar Aliyev Int’l Airport
FM: Estonia, Azerbaijan may discuss possibilities for broader co-op in ports industry
World Bank to support medium-term budget planning in Azerbaijan
Ukraine’s Marine Engineering Bureau plans to build new vessels in Azerbaijan
Chamber of Accounts of Azerbaijan returns over 6M AZN to state budget
President Aliyev: Azerbaijan, Germany enjoy high-level co-op
Azerbaijan, UK mull opportunities for co-op in SME sector
Azerbaijan, Kazakhstan to expand activities on Trans-Caspian International Transport Route
Model Charter of social security centers approved in Azerbaijan
Azerbaijan, Georgia and Russia may create united electric power ring

Azerbaijani oil prices

Dynamics of monetary market of Azerbaijan

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

Fitch: Gas production in Azerbaijan to grow
SOCAR to continue investing in Turkish economy
Ministry: TAP, IAP can ensure gas supply security for Croatia
Azerbaijan to import 110,000 T of petrol in Oct due to refinery maintenance
Afghanistan interested in increasing imports of oil products from Azerbaijan

Weekly economic review

Azerbaijan’s Portmanat company eyes to implement innovative mobile payment system
Azerbaijani banks need to increase capitalization to deal with problem assets
Azerbaijani Compulsory Insurance Bureau lifts restrictions on AzerInsurance
Kapital Bank’s employees sign significant agreement
Azerbaijan’s Pasha Bank eyes to switch to digital banking by early 2021
Pasha Bank may expand its activities abroad
Implementation of open banking service to revive Azerbaijani banking sector
VISA: introduction of financial technologies a promising direction for Azerbaijan
Azerbaijani Central Bank, MasterCard sign memorandum of understanding on digital payments
Situation in microfinance market improves in Azerbaijan

Last week’s laws, orders and decrees in Azerbaijan

Azerbaijani president signs decree approving Statute on Agency for Agrarian Services
Azerbaijani president approves memorandum of understanding on cooperation between customs services of member-states of Turkic Council

Weekly actual topics in Azerbaijan

Economic reforms contribute to dev't of favorable business environment in Azerbaijan
Experts: Azerbaijan needs to strengthen role of civil society to improve business environment
Expert talks on growth of Azerbaijan's insurance market in 2019