Azerbaijan reports a rise on insurance premiums by 7% and compensation payments by 54.3% for 2020

The insurance premiums for AZN 728.6 million were gathered in Azerbaijan for the past year

Volume of problem loans in Azerbaijan decreased for month

As of 1 January 2021 the volume of overdue loans in Azerbaijan amounted to AZN 893.1 million

More than 1,500 families received subsidized housing in residential complex  ‘Yasamal’

The State Housing Development Agency has conducted a video-format meeting devoted to the results of activity for 2020 and upcoming issues

Over 83,000 individual entrepreneurs received assistance – money was transferred to accounts

Financial support has been given to business entities again

Financial support is given to entrepreneurs again

The governmental financial support has been provided to business entities again

Bran production is exempt from taxes

The production and sale of bran in Azerbaijan is exempt from tax for another 1 year.

Central Bank sold $69.8 million to banks at a currency auction

At the end of the auction, the weighted average exchange rate was AZN 1.70 to the US dollar

AIC carried out internal restructuring

Azerbaijan Investment Company carried out internal restructuring last year

Cabinet to discuss matter of artificially inflated prices

Azerbaijan increases import of frozen beef from Georgia

Azerbaijan imported 2,500 tons of frozen beef for $10.7 million from Georgia in 2020

Over AZN 34 bn directed for oil & gas sector of Azerbaijan for past 5 years

The oil & gas sector of Azerbaijan has been financed AZN 34.4 bn for the last 5 years

Central Bank to publish interest rate decision this week

The Central Bank of Azerbaijan will announce on 29 January this year’s first interest rate decision in accordance with the schedule of the publication of its decisions on monetary policy for 2021

Azercell expanded the coverage of the LTE network to more than 85% of the country territory last year

Oil cheapens, and Brent is at $55.44 a barrel

Oil prices are lowering in Tuesday’s trading amid the deterioration of forecasts on the oil demand due to the continued high incidence of Covid-19 and slow vaccination

Exchange rate of Azerbaijani manat for 26 January

Manat rate has grown to the euro, while is stable to the Russian ruble and to the US dollar