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Tag Archives: Azerbaijan

Georgia to Buy only Azerbaijani Gas

In 2017 Georgia will not buy Russian gas and satisfy 96% of the domestic demand only by Azerbaijani gas. Minister of Energy Kakha Kaladze said that Agreement signed with Gazprom enables the country to buy Azerbaijani gas by the money raised from Russian natural gas transit to Armenia. “We also …

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Azerbaijan may Cancel Interest Rate Limit for Insured Deposits

Azerbaijan may Cancel Interest Rate Limit for Insured Deposits

Azerbaijan may cancel the uppermost limit of the interest rate for insured deposits of individuals, Azad Javadov, executive director of the Azerbaijan Deposit Insurance Fund (ADIF), told Trend. He said this can be done through expanding ADIF mandate and amending Azerbaijan’s legislation. The head of the Fund noted that these …

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Trans-Caspian Route Prospective for Azerbaijan, Kazakhstan

Trans-Caspian Route Prospective for Azerbaijan, Kazakhstan

Implementation of the Trans-Caspian International Transport Route project opens great prospects for Azerbaijan and Kazakhstan, Vladimir Telnov, deputy director of the Institute of Public Policy for the Kazakh ruling Nur Otan Party, said. He made the remarks Apr. 4 during the Baku-Astana video conference following the official visit of Kazakh …

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Revisions Needed for AGRI Project’s Feasibility Study

Revisions Needed for AGRI Project’s Feasibility Study

Azerbaijan-Georgia-Romania Interconnector (AGRI) project is not just an issue of strategic thinking; it is first of all an issue of commercial interest, says Romanian ambassador to Georgia Radu Liviu Horumba. “For the moment, we have discussed the feasibility study that was done and this discussion continues at the governmental level,” …

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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

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

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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