Banking sector assets grew by about 7%

Assets of the banking sector increased by 6.3% compared with early 2019 and amounted to AZN 31.4 bn since 30 September

Azerbaijani banks gave loans for AZN 7 bn for Jan-Oct

Over the past 10 months the banks in Azerbaijan gave loans for AZN 7 bn

Central Bank held a currency auction

The Central Bank of Azerbaijan held a regular currency auction with the participation of the State Oil Fund (SOFAZ) on 14 November.

Gold has grown in price again - Exchange

The prices for gold and silver at world exchanges have been declared

Central Bank announced exchange rate for 14 November

The Azerbaijani manat has grown to the euro and the Russian ruble

Central Bank announced US dollar rate for 14 November

The Central Bank of Azerbaijan has published the official US dollar rate for tomorrow

This year Customs Committee transferred over AZN 3 bn to State Budget

Revenues on fines and sanctions to halve

Azerbaijani State Budget revenues from fines and sanctions are expected to reduce two-fold next year compared with 2019

Is budget inadequate to financial potential of economy? – Finance Ministry Answer

In case of high share of GDP on the nonoil sector in the total GDP, budget revenues on this sector are registered as low. In itself, making such a comparison is elementary

Tax revenues to grow by about 8% next year

State Budget revenues are projected to increase by 56.1% or AZN 13.5 bn and non-oil revenues by 43.9% or AZN 10.6 bn

State Budget expenditures announced - about AZN 27 bn

State Budget 2020 revenues will amount to AZN 24.134 bn and expenditures AZN 26.913 bn, while consolidated budget revenues AZN 27.533 bn

No state can fully insure against shocks – Finance Ministry

Finance Ministry passes a new financial rule

Why is ‘budget not prepared on basis of result’? - Finance Ministry reply

The organization of the results-based budgeting mechanism is rather a complex reform process, and it is advisable to implement it in stages, as in the case of other countries that have been successful in this area

Finance Ministry responds to accusations - Statement

The budget of each country is drawn up, discussed and approved in accordance with the legislation of this country