Category: Market

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June 6, 2023 No Responses

Fitch: Azerbaijan’s Central Bank to further increase the interest rate

Fitch Solutions updated its forecast regarding the monetary policy in Azerbaijan in 2023, APA-Economics reports citing International Rating Agency.Fitch Solutions forecasted that Azerbaijan's Central Bank will raise the benchmark rate to 9.25% in 2023...
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June 6, 2023 No Responses

Saudi Arabia’s oil production cut a ‘precautionary’ measure: Energy minister

Saudi Arabia’s decision on extra voluntary oil supply cuts was taken as a “precautionary” measure that aims to ensure market stability, Saudi Energy Minister Prince Abdulaziz bin Salman told Al Arabiya. Saudi Arabia announced on Sunday that it will ma.....
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June 6, 2023 No Responses

‘It is necessary to saturate the market with exchange offices’

Currency exchange points in Azerbaijan will be reintroduced in a new form, according to Taleh Kazimov, the chairman of the Central Bank (CBA). Kazimov made the announcement during a meeting of the Committee on Economic Policy, Industry, and Entreprene...
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June 5, 2023 No Responses

The total amount of transactions at the SCRMET trading amounted to over 131 million 657 thousand US dollars

Last week, 52 transactions were registered at the auctions of the State Commodity and Raw Materials Exchange of Turkmenistan.For foreign currency, entrepreneurs from the United Arab Emirates, Turkey, Afghanistan, Uzbekistan, Hong Kong purchased hydrotr...
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June 5, 2023 No Responses

Businessmen of Uzbekistan ready to invest over $70 million in Kyrgyzstan

Businessmen from Uzbekistan are ready to invest over $70 million in Kyrgyzstan. The National Investment Agency reported.The agency clarified that work is underway to implement joint projects with Uzbekistan.They concern construction of an enterprise f...
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June 5, 2023 No Responses

Turkish company to develop gold and antimony mines in Kyrgyzstan

Chairman of the Cabinet of Ministers of Kyrgyzstan Akylbek Japarov met with representatives of the Turkish company Eti Bakir Tereksay headed by the Chairman of the Board of DirectorsSeref Cengiz. Press service of Office of the Cabinet of Ministers rep...
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June 5, 2023 No Responses

EU extends restrictions on Ukrainian grain imports

The European Commission said on Monday it was extending until Sept. 15 an arrangement whereby five of Ukraine's EU neighbours can restrict imports of Ukrainian grain, APA reports citing Reuters.The EU on May 2 allowed the five countries - Bulgaria, Hu...
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June 5, 2023 No Responses

World Bank appoints new country manager for Azerbaijan

The World Bank (WB) has appointed a new country manager for Azerbaijan, Trend reports.The duties of the country manager will be transferred to Stefanie Stallmeister from July 1.Previously, Stallmeister was the WB's Operations Manager for Vietnam, East...
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June 5, 2023 No Responses

Global government investments in clean energy surpass $1.3T, additional policy packages to come online soon

Global governments have invested around $1.34 trillion for clean energy investment support since 2020, Trend reports.In the push for clean energy transition, government spending has played a pivotal role in driving significant investment growth since ...
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