Category: Economy

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Food, medical products temporarily exempt from VAT in Azerbaijan

Food, medical products temporarily exempt from VAT in Azerbaijan

Due to coronavirus pandemic, food and medical products are temporarily exempt from value-added tax (VAT) in Azerbaijan, Trend reports. ...
Azerbaijani oil price rises

Azerbaijani oil price rises

Azerbaijan's Azeri LT CIF crude oil price traded in the financial markets has risen $0.20 or 1.04%, settling at $19.43 p ...
Central Bank of Azerbaijan to soon decide on deposit insurance

Central Bank of Azerbaijan to soon decide on deposit insurance

There is no need to extend the period of the law “On Full Deposit Insurance” adopted in Azerbaijan in 2016 as an anti-crisis measure, according t ...
Final phase of TANAP to open in Turkey’s Edirne

Final phase of TANAP to open in Turkey’s Edirne

It is planned to open the Phase 1 of the Trans Anatolian Natural Gas Pipeline (TANAP) on Nov.30, said Turkey’s Minister of Energy and Natural Res ...
Baku to host ministerial meeting on International Energy Charter

Baku to host ministerial meeting on International Energy Charter

Baku will host ministerial meeting on the International Energy Charter at the end of 2020, the Secretary General of the Energy Charter Urban ...
Azerbaijan to receive 58% of revenues from TANAP

Azerbaijan to receive 58% of revenues from TANAP

After the Trans-Anatolian Natural Gas Pipeline (TANAP) is fully operational, up to $1.45 billion in revenue will be generated from gas transporta ...
TANAP receives one more award

TANAP receives one more award

The Trans Anatolian Natural Gas Pipeline (TANAP) project, which is a intended for transportation of Azerbaijani gas to Turkey and Europe, receive ...
Azerbaijan marking 25th anniversary of Contract of Century

Azerbaijan marking 25th anniversary of Contract of Century

Every year on September 20, Azerbaijan marks the anniversary of Production Sharing Agreement (PSA) (Contract of the Century) on development of th ...
Energy Ministry: OPEC Secretariat submitted Perpetual Charter to Azerbaijan for ratification

Energy Ministry: OPEC Secretariat submitted Perpetual Charter to Azerbaijan for ratification

Azerbaijan has also joined the charter of perpetual cooperation signed at the July meeting in Vienna, Advisor to Energy Minister Zamina Aliy ...
First Grape and Wine Festival opens in Azerbaijan’s Shamakhi district

First Grape and Wine Festival opens in Azerbaijan’s Shamakhi district

The first Grape and Wine Festival has kicked off in Meysari village of Azerbaijan’s Shamakhi district, aiming to promote local production of grap ...
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