Ilham Aliyev met with Adani Group’s founder and chair

Microsoft announces reduction of 10,000 employees

Microsoft has announced its intention to reduce 10,000 employees by the end of Q3 of fiscal year 2023, that is, by the end of March.

Ilham Aliyev met with EBRD First Vice President in Davos

President Ilham Aliyev has met with EBRD First Vice President Jürgen Rigterink in Davos

Only $1.5 million sold at a currency auction in Azerbaijan

As a result of the auction, the weighted average exchange rate of the manat was formed at the level of 1.7000 AZN/USD.

Over AZN 18 bn directed for fixed assets in 2022

Innovation in credit agreements

Credit agreements will now be regulated by the norms of the Civil Code

Azerbaijan fulfilled OPEC+ quota in December

The oil production in Azerbaijan reached 548,000 b/d in December 2022

Problem of debt payers to these banks submitted for discussion at parliament

Discussions have been held at Milli Majlis on the occasion of high interest rates on loans from banks.

Milli Majlis discussion: Interest rates on bank loans are too high

SOFAZ lost $878 million because of exchange rate fluctuations

Oil Fund faced losses in its annual investment portfolio

Oil gets cheaper, and Brent is at $83.87 a barrel

Prices for oil of benchmark grades are declining in Thursday’s trading.

Central Bank currency rates for 19 January

Azerbaijani manat rate has decreased to the euro and grown to the Turkish lira, while is stable to the US dollar and to the Russian ruble.

Cars can be insured via Internet from next week

The problem with compulsory car insurance in Azerbaijan will be solved in the coming days.

Unibank’s key shareholder increased its stake in bank

After the recent increase in the authorized capital of Unibank, the share of its main shareholder Eldar Garibov has slightly increased.