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Weekly Azerbaijan Business Monitoring: July 2019 (1)

20 September 2019
70 AZN 40 USD 35 EUR

Last week review

First plenary meeting held within 43rd session of UNESCO World Heritage Committee in Baku
Azerbaijan eyes to expand network of trading houses in Europe - minister
Malaysia is keen on development of cooperation with Azerbaijan in all fields: Ambassador
AZAL, IATA hold int'l event "Aviation Day Azerbaijan" in Baku
President Ilham Aliyev receives CEO of Baker Hughes, a GE company
Azerbaijan, Bulgaria ink program document on cultural co-op
President Ilham Aliyev: There is strong class of entrepreneurs in Azerbaijan now
Azerbaijan, China sign agreement on rail container traffic
Azerbaijan's Energy Ministry waits for gov't permit to implement new solar energy project
Robert Cekuta discusses Azerbaijan's role in world energy, transport projects
Azerbaijani FM meets Peruvian counterpart during working visit
Top official: Number of Azerbaijani diplomatic missions abroad growing
President Ilham Aliyev, First Lady Mehriban Aliyeva attend opening of new residential complex for IDPs in Pirallahi district
AZAL, IATA hold int'l event "Aviation Day Azerbaijan" in Baku
ADB outlines key priorities of strategy on Azerbaijan
Azerbaijan's FM talks on prospects of country's trans-regional transport projects
Azerbaijan to repair 1,500 kilometers of railway in near future
President Ilham Aliyev receives Italian delegation

Azerbaijani oil prices

Dynamics of monetary market of Azerbaijan

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

Azerbaijan supports extension of OPEC + deal
Oil supplies via Baku-Novorossiysk pipeline resuming
Will new ownership of Topaz Energy affect its service in Azerbaijan?
TANAP ready for gas supplies to Europe from July 1
Equinor preparing to start drilling at Azerbaijani field
SOCAR expands gas stations network in Romania
Greenfields Petroleum extends senior secured debt payments
BP eyes to start drilling first exploration well at SWAP by year-end
After repair, SOCAR proceeds to export its oil via Baku-Novorossiysk pipeline
SOCAR, UNDP discuss future plans
SOCAR and Baker Hughes, a GE company, hold meeting in Baku
BP Azerbaijan on drilling operations at South-West Gobustan field
BP to submit commercial proposal to Government of Azerbaijan
SOCAR talks on progress of modernization of Dede Gorgud drilling rig
BP says reports about its application to take part in TANAP operating company not true

Weekly economic review

Insurance market improves in Azerbaijan
Azerbaijan recalculates CTP insurance tariffs
“Big Four” audit companies in Azerbaijan get over 55% of all contracts in 2018
Share of problem loans in Azerbaijan to decrease by 2020 - S&P
Azerbaijani gov’t assumes financial burden of 1.9B manats to ensure increments - minister
S&P forecasts GDP growth in Azerbaijan over next three years

Last week’s laws, orders and decrees in Azerbaijan

President Aliyev allocates funding for construction of road in Astara
Ilham Aliyev allocates funding for construction of road in Gabala

Weekly actual topics in Azerbaijan

Azerbaijan very tolerant country – Vietnam rep
Azerbaijan-Russia partnership: good example of how to find common ground