After Russian government’s decision, billionaires lost their fortune

Severstal, NLMK and Norilsk Nickel fell in cost by a total of 332 bn rubles in half an hour after the government announced its decision to introduce export duties on ferrous and non-ferrous metals

WB to allocate a loan of $95 million to Azerbaijan

The World Bank plans to approve a $95 million loan for Azerbaijan in the next 2-3 months to fight the COVID-19 coronavirus pandemic

KOBIA-run company’s authorized capital reduced

The authorized capital of the company, owned by the Agency for the Development of Small & Medium-sized Businesses (KOBIA) under the Ministry of Economy, decreased by 44.45%

Balance sheet capital of 3 investment companies in Azerbaijan exceeds AZN 3 million

As of 1 January 2021 the balance capital of 3 out of the 8 investment companies operating in the country, with the exception of ABB-Invest, CPM-Invest and MFX-Trading, which have just received a license from the Central Bank of Azerbaijan, exceeded AZN 3 million.

Raiffeisen Bank invests in renewable energy in Azerbaijan

Austria’s Raiffeisen Bank can support the financing of projects in the field of renewable energy sources in Azerbaijan

Big project: Azerbaijani entrepreneur to build a plant in Russia

Azerbaijani businessman Nizami Piriev is to sign a large project in the Russian city of Arkhangelsk, ABC.AZ reports with reference to the Russian press

Insurance company buys NBCO bonds

Bakı Sığorta has acquired bonds of non-bank credit organization Asel Kredit LLC.

WB to make large investments in Turkey

The World Bank has announced that it is investing large finances in the Turkish economy

Investments in Azerbaijan's economy have declined

Over Jan-May of this year AZN 4.907 million were directed for fixed assets in Azerbaijan (5.3% less versus Jan-May 2020)

Azerbaijan returned over $6 million of investments from Georgia

European Bank can participate in reconstruction in liberated territories

Azerbaijan's Economy Minister Mikail Jabbarov held a video conference with the European Bank for Reconstruction & Development's Regional Director for the Caucasus, Katarina Bjorlin Hansen

Value of securities transactions decreased at BSE

The Baku Stock Exchange has recorded growth on a number of indicators for Jan-May 2021

Baku Stock Exchange has published a report - some indicators show an increase

The total value of transactions on all financial instruments of the Baku Stock Exchange for Jan-May 2021 amounted to AZN 6.87 bn

Ambassador: Israel to invest in this Azerbaijani region

Israeli Ambassador to Azerbaijan George Deek spoke about the projects to be implemented in Zangilan district liberated from the Armenian occupation as part of the Smart City Project

Embafinans plans placement of bonds

NBCO Embafinans LLC plans to issue bonds for AZN 1.5 million

The shareholder of Azfinance Investment Company replaced

The sole shareholder of Azfinance Investment Company CJSC, G Capital Middle East Ltd., registered in Dubai (UAE), has sold the financial institution

Profit of investment company Xalq Kapital decreased almost by 15%

Investment company Xalq Kapital completed 2020 with net profit of AZN 58,000 (14.7% less than in 2019)

WB approves a $65 million loan for road reconstruction in Azerbaijan

The World Bank Board of Directors has approved a new $65 million loan to Azerbaijan to finance the Regional Connectivity and Development Project

Size of loan portfolio of Europe’s largest bank in Azerbaijan published

Over Jan-Apr 2021 the loan portfolio of the European Bank for Reconstruction & Development (EBRD) in Azerbaijan amounted to EUR 1.153 bn, ABC.AZ reports with reference to the EBRD

Investments in Azerbaijan’s financial and insurance sectors increased

Over Jan-Apr 2021 country’s investments in financial and insurance activities increased 2.6-fold compared with the same period of last year

Investments in oil & gas sector decreased

Over Jan-Apr 2021 Azerbaijan directed AZN 1.82 bn for the oil & gas sector