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Weekly Azerbaijan Business Monitoring: July 2019 (4)

19 September 2019
70 AZN 40 USD 35 EUR

Last week review

Head of Iran Railways Company arrives in Baku
Twenty-seven state property facilities privatized in Azerbaijan
Azerbaijan Airlines to continue flying from Baku to New York
Interest of Chinese companies to Azerbaijan grows
WB implementing self-employment program in Azerbaijan
Azerbaijani ministry to provide regions with high-speed internet
Drone used for spraying pesticides on cotton field in Azerbaijan for first time
Azerbaijan’s Ganja Automobile Plant to co-op with Finnish Sampo Group
Azerbaijani FM meets with outgoing UK ambassador
INNOLAND, AzerGold to attract startups to improve gold mining in Azerbaijan
Buses running along Baku-Nakhchivan-Baku route to pass Iranian customs without checks
Creation of information space system to improve e-services level in Azerbaijan
Ambassador: Azerbaijan, Israel developing relations in all directions
Azerbaijan to launch national information space system
Israel, Azerbaijan expanding co-op
Azerbaijani communications minister meets US ambassador
Turkmenistan, Afghanistan stress importance of Lapis Lazuli transport corridor
Azerbaijani alcohol producer receives good offer from Barcelona

Azerbaijani oil prices

Dynamics of monetary market of Azerbaijan

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

SOCAR Polymer getting improved raw materials from EP-300 plant in Sumgait
Star Refinery to get 1 million tons of Urals crude
Emerson completes its $48 million contract for Shah Deniz 2
Romania building ROHUAT pipeline for connecting to Southern Gas Corridor
Iran’s Isfahan Oil Refinery commissions 3rd distillation unit
Lukoil eyes to start exploratory drilling at Khazri field in Caspian Sea
SOCAR’s Integrated Drilling Trust completes drilling at 27 wells
SOCAR buys new gas pipeline sections in Georgia

Weekly economic review

Bankruptcy institution needed in Azerbaijan
Problem loans to decrease, economic growth rate to go up in Azerbaijan
Head of Central Bank of Azerbaijan reveals inflation expectations
Central Bank of Azerbaijan lowers discount rate
Azerbaijani Central Bank stresses mitigation of monetary situation

Last week’s laws, orders and decrees in Azerbaijan

Composition of Azerbaijani side of joint Azerbaijani-Hungarian intergovernmental commission on economic development changed
Azerbaijani president approves structure of Ministry of Taxes
Azerbaijani president allocates funding for construction of road in Aghjabadi
Agreement on co-op in emergency situations approved between Azerbaijan and Montenegro

Weekly actual topics in Azerbaijan

Why tension around Strait of Hormuz moderately affects oil prices?
Cancellation of Baku-Ankara visa regime to increase flights to Azerbaijan - Turkish Airlines