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News
 Voluntary insurance gathered more premiums than compulsory insuranceBaku, Fineko/abc.az. The life insurance market in Azerbaijan amounted to 19.48% of the total premiums of companies for Jan-May 2013. |
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 South Caucasus largest confectionery plant looks for investor for expansion of product rangeBaku, Fineko/abc.az. The largest confectionery plant of the South Caucasus - Ganja Candy-Maker OJSC - is looking for an investor to expand the product range. |
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 Azerbaijan’s oil production grew by 8.4% in MayBaku, Fineko/abc.az. In May oil production in Azerbaijan increased by 8.35% compared to April 2013. This year crude oil production by all producers in Azerbaijan still totals 135.197 million barrels against 320.667 million in 2012 |
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 Compulsory Insurers Bureau’s members gathered AZN 32.2 million for Jan-MayBaku, Fineko/abc.az. The 12 companies operating in Azerbaijan within the framework of the Compulsory Insurers Bureau (CIB) collected AZN 32.26 million on compulsory types of insurance and paid compensations for AZN 9.19 million for Jan-May of the year. |
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 Metro station ‘Bus Terminal’ to open in 2014Baku, Fineko/abc.az. The Baku Metro finishes the construction of new metro station “Bus Terminal". |
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 Commissioning of Azerbaijan’s housing grew by 12.4% in MayBaku, Fineko/abc.az. In May housing commissioning in Azerbaijan increased by 12.36% against April 2013. |
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 IFC conducted first currency forwarding deal in AzerbaijanBaku, Fineko/abc.az. The International Finance Corporation (a member of the World Bank Group) is providing risk management support to FINCA Azerbaijan |
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 Train traffic on Baku Metro central station to cease in mid-summerBaku, Fineko/abc.az. The Baku Metro intends to complete the reconstruction of metro station "28 May" before the start of the next school year. |
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 Azerbaijan’s real GDP for Jan-May rose by 4.5%Baku, Fineko/abc.az. In May Azerbaijan’s GDP made up only 114.2% of GDP for May 2013. |
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 Cameras installed on parking lots of Baku within preparation for adoption of a special lawBaku, Fineko/abc.az. Azerbaijan is drafting a bill on parking lots. |
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 Jan-May’s growth of non-oil sector in Azerbaijan reached 11%Baku, Fineko/abc.az. For Jan-May 2013 the non-oil sector of Azerbaijan kept the status of "engine" of the economy: growth in it exceeded overall economic growth by 2.44 times against 4.4 times in 2012 and 94 times in 2011. |
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 Tender declared for feasibility study of expansion of intellectual transport management system for entire Greater BakuBaku, Fineko/abc.az. The Center for Intellectual Transport Management (NIIM) begins to develop technical and economic feasibility study of the second stage of development of its activities. |
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 A project for organic rose oil production in Azerbaijan offered for investorsBaku, Fineko/abc.az. Investors have been offered a project of manufacture of organic rose oil in Azerbaijan. |
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 Baku Metro returns its latest ’super-cars’ to Russian manufacturerBaku, Fineko/abc.az. The Baku Metro has said farewell Russia-made Oka cars of 4th generation. |
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 Azerbaijan insurance market for 2013: business concentration formally weakensBaku, Fineko/abc.az. This year the Azerbaijani insurance market has kept the main trend from the last year – growth of concentration of business which only formally weakened this year. |
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