Inflation in US accelerates, Fed most likely increases interest rates
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Inflation in US accelerates, Fed most likely increases interest rates

Inflation forecast for the US in August is projected to increase by 0.3%, but the actual price increase was 0.4%. Report informs, thus, an annual inflation up by…

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Azerbaijan fulfils obligations on oil production under OPEC deal
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Azerbaijan fulfils obligations on oil production under OPEC deal

Azerbaijan submitted the daily oil production data for August 2017 to the OPEC Joint Technical Committee (JTC) as part of implementation of the Vienna agreement to cut oil…

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‘Shah Deniz’ platform suspended for 14 days
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‘Shah Deniz’ platform suspended for 14 days

As part of annual work programme of the “Shah Deniz” gas-condensate field in the Azerbaijani sector of the Caspian Sea, planned maintenance (turnaround – TAR) is being carried…

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Bitcoin’s rate rose to a new record
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Bitcoin’s rate rose to a new record

Exchange rate Bitcoin virtual currency exceeded $ 4,000. Report informs citing the Coinmarketcap. According to the information, bitcoin’s rate was $ 4,073.85, which means 11.8% increase per day.…

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Azerbaijan’s voluntary insurance market soars by 9%
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Azerbaijan’s voluntary insurance market soars by 9%

A total of 276,158 mln. AZN insurance premiums have been collected by 21 insurance companies based in Azerbaijan in January-June of 2017. Report informs referring to the Financial…

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The first batch of Turkmen oil shipped to Iran bypassing US sanctions
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The first batch of Turkmen oil shipped to Iran bypassing US sanctions

On August 3, the vessel “VF Tanker-20” under the Russian flag arrived and shipped in the Iranian port “Neka” for unloading about 6,000 tons of Turkmen oil of…

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USD rate declines at today’s auction
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USD rate declines at today’s auction

Today, a bilateral currency auction was held at the Central Bank, in which SOFAZ also participated. According to the Central Bank, the average weighted exchange rate of manat…

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Iran preparing for denomination
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Iran preparing for denomination

The Central Bank of Iran is going to denominate the national currency by 1:10. Report informs citing TASS News Agency that Secretary of the Cabinet of Ministers Haji…

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Azerbaijan sets rules for foreign donors giving grants to public legal entities
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Azerbaijan sets rules for foreign donors giving grants to public legal entities

The Cabinet of Ministers has amended the rules for foreign donors obtaining the right to give grants in the territory of the Republic of Azerbaijan, APA reported. According…

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President Ilham Aliyev laid foundation of fish hatcheries in Pirallahi district
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President Ilham Aliyev laid foundation of fish hatcheries in Pirallahi district

President of the Republic of Azerbaijan lham Aliyev has today attended a groundbreaking ceremony of indoor and outdoor farms at the CMS Properties LLC fish hatchery complex to…

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