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Tag Archives: Azerbaijan

Official Reveals Details: Baku Invest Plan in Iran Railways

Official Reveals Details: Baku Invest Plan in Iran Railways

A high-ranking official with the Iranian railways organization has briefed Trend on the latest developments concerning Azerbaijan’s plans to invest in the development of his country’s railway system in a bid to help the full activation of the International North-South Transportation Corridor. Nourollah Beiranvand, the deputy for planning and investment …

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Azerbaijani SGC Company sets Initial Guidance on $1B Bond Tap

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Azerbaijan’s Southern Gas Corridor CJSC has set initial price guidance in the 5.875 percent area for a tap of its existing $1 billion bond, according to one of the banks leading the transaction. Citi, J.P. Morgan and UniCredit are the joint lead managers. In March 2016, Southern Gas Corridor Company …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: CBAR reserves up 8.5% y/y to US$ 4.4bn After an 8.9% m/m increase in January 2017, Azerbaijan’s Central Bank (CBAR) reserves increased further (+1.0% m/m) to US$ 4.4bn in February 2017. In annual terms, reserves were …

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Mehriban Aliyeva Appointed as Azerbaijani First Vice-president

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President of the Heydar Aliyev Foundation, UNESCO and ISESCO Goodwill Ambassador, MP Mehriban Aliyeva was appointed First Vice-President of the Republic of Azerbaijan by President Ilham Aliyev`s order Feb. 21. Until her appointment, Aliyeva led a charitable foundation to promote the political legacy of her father-in-law by sponsoring music and …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Azerbaijan economy up 0.8% y/y in 1M17 In 1M17 real GDP increased 0.8% y/y, compared to the 3.3% y/y contraction recorded in 1M16. Non-oil GDP was up 1.5% y/y, compared to the 3.7% y/y decline in …

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Azerbaijan Was the Main Electricity Importer in January

Azerbaijan Was the Main Electricity Importer in January

Georgia has acquired electricity of 172, 3 million kwh from Azerbaijan in January, which already exceeds total import of previous 12 months (109, 77 mln). However, import from Russia has made up 6, 7 million kwh. Georgia has exported electricity of 0, 997 kwh in the same month. The transit …

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Turkey, Georgia, Azerbaijan Plan to Increase Turnover to $20B

Turkey, Georgia, Azerbaijan Plan to Increase Turnover to $20B

Turkey, Georgia and Azerbaijan plan to increase the volume of mutual trade up to $20 billion, said Turkey’s Deputy Economy Minister Fatih Metin at the 5th Turkey-Azerbaijan-Georgia business forum in Istanbul Feb. 17. Metin said that a business forum in such a format is important not only for the development …

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Tegeta Motors: We See Great Potentials on Azerbaijan Market

Tegeta Motors: We See Great Potentials on Azerbaijan Market

Tegeta Motors entered Azerbaijan market. The company, largest service provider in Georgian auto industry, opened the first branch in Baku. Tegeta Motors has made investment of several millions jointly with local partners. We see great potential on Azerbaijani market, – Dmitry Gozalishvili, commercial director of the company so explains the …

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