Our national currency is not celebrating an anniversary today, but it a special date - exactly 2 years after the second devaluation of the Azerbaijani manat held on December 21, 2015. On that day, the official exchange rate of the US dollar increased by 47.6%, to AZN 1.55 / USD from AZN 1.0499 / USD. The reason for this was another decline in oil prices in the world market to $ 27 per barrel.
Baku / 27.11.17 / Turan: The level of computerization of the Azerbaijani population is steadily growing. The State Statistics Committee has not provided data for the year 2017, but there are data on previous years. Whereas in 2015 the country sold computer equipment, hardware and software worth 139,074,200 manat, last year individuals and companies in Azerbaijan purchased these goods in the amount of 175,286,100 manat.
Despite the sudden and sharp increase in oil indices, in the coming year the government does not plan to raise the rate of the manat, but will try to keep the ratio of the Azerbaijani monetary unit to the dollar at the existing level.
In Azerbaijan, once again, gasoline has risen in price. This time, the A-95 (Premium) and AI-98 (Super) fuel became more expensive. This is the second increase in prices for these brands of gasoline in the current year. Now car owners will be forced to pay AZN 1.25 per liter of AI-95 and AZN 1.50 for AI-98.
Baku / 21.11.17 / Turan: Import cigarettes are getting more expensive each year in Azerbaijan, due to the increase in the cost of excise taxes on the import of these products. The growth of market prices for imported cigarettes leads to a gradual decrease in demand for this product. According to the Customs Committee, while for 10 months of 2015 tobacco and tobacco products were imported to the country for 256 million 960.34 thousand dollars, in the same period of 2016 this figure decreased to 132 million 307.38 thousand, and for 10 months in 2017, the decline in imports continued to 127 million 484.14 thousand US dollars.
We represent the ranking of commercial banks of Azerbaijan on the basis of the final financial indicators of the 3rd quarter of 2017. The rankings were prepared, using reports (balance, profit / loss, etc.) posted on official Internet sites, as well as acceptable information.
We represent the ranking of commercial banks of Azerbaijan for the 3rd quarter of 2016-2017 on the basis of comparison of financial indicators (annual dynamics). Rankings are prepared on the basis of using financial reports placed on official websites of banks (balance sheet, profit / loss, etc.), as well as permitted information.
Baku / 24.10.17 / Turan: In September, the average price of the consumer basket for 30 types of basic food products of domestic production, compiled by the news agency Turan, increased by 5.4% in Baku.
In 2017, the State Customs Committee of Azerbaijan for the first time in its report showed a significant growth in exports of Azerbaijani meat, meat products and even livestock. For the first six months of 2017, meat was exported in live weight, totaling $ 907 thousand, which is 384% more than for 6 months of 2016 ($ 236.5 thousand). Export of meat and meat products for the first half of the year 2017 was $ 159.8 thousand, which is 299% more than for the same period in 2016 ($ 53.4 thousand). For dairy products, eggs and honey, there was growth by 489% ($ 788.8 thousand for 6 months 2016 and $ 3,806.5 for 6 months 2017).
"With the beginning of the season of honey sales, the usual story of unsuccessful search for honey, a fake in 95% of the cases, by the consumers began. Unfortunately, people cannot learn a simple truth: natural honey should be sold at a price much higher than the average of 30 manat that is the ordinary price in the market," the head of the Union of Free Consumers of Azerbaijan (UFCA) Eyub Huseynov said.
High prices for tickets, monopolization and reluctance to let other companies into the airspace of the country, and high taxes and airport fees for companies flying to Azerbaijan have always been arguments of the critics of CJSC Azerbaijan Hava Yollari (Azerbaijan Airlines or AZAL). Now foreign airlines have started talking about it openly, and leaving, slamming the doors, as the Russian company Pobeda did in August.
We represent the ranking of commercial banks on the basis of a comparison of financial indicators (annual dynamics) for the second quarter of 2016-2017. The rankings were prepared, using financial reports (balance sheet, profit-loss, etc.) posted on official Internet pages and other information.¹Commercial bankDynamics of assets1Pasha Bank64.6%2Gunay Bank56.0%3Rabita Bank50.6%4Azerbaijan Senaye Bank48.0%5Capital Bank39.5%6Ziraat Bank Azerbaijan36.7%7Yapi Kredi Bank Azerbaijan31.2%8AFB Bank30.7%9Bank BTB29.7%10Nakhchivan Bank26.5%11Bank Avrasiya25.9%12Ata Bank25.3%13Bank Silk Way12.9%14NBC Bank10.8%15Turan Bank9.4%16Khalg Bank7.0%17Express Bank- 0.2%18National Bank of Pakistan - Baku- 0.4%19Demir Bank- 9.8%20Amrah Bank- 10.2%21Uni Bank- 12.0%22Bank Melli Iran - Baku- 12.2%23AG Bank- 13.3%24Bank Respublika- 13.3%25Bank of Baku- 19.2%26Mugan Bank- 20.5%27Nikoil Bank- 21.6%28Azer-Turk Bank- 64.9%29Access BankNo report30International Bank of AzerbaijanNo report31Bank VTB AzerbaijanNo report
Despite the fact that at the meeting of the Board of the National Bank on August 1, the discount rate was maintained at a stable level, and this issue was postponed until the next meeting on September 18, local commercial banks continue to reduce annual interest rates of deposits. Over the past month, six banks have cheapened their deposits, which concerns deposits both in the national and foreign currency.
We represent the ranking of commercial banks of Azerbaijan on the basis of financial indicators for the second quarter of 2017. Rankings are prepared using the financial statements posted on official Internet pages (balance sheet, profit / loss, etc.) of banks, as well as permitted information.¹ Commercial bankAssets(million AZN)1Pasha Bank3 355.1352Capital Bank3 190.5743Khalg Bank1 845.8874Azerbaijan Senaye Bank935.5235Access Bank872.6356Bank Respublika779.3967Uni Bank690.4448Rabita Bank667.8579Ata Bank609.87510Turan Bank521.48111Yapi Kredi Bank Azerbaijan517.98912AG Bank502.65313Demir Bank485.51714Bank of Baku474.85515Nikoil Bank413.21016Bank Silk Way411.35017Mugan Bank407.47318Bank VTB Azerbaijan404.98619AFB Bank397.98120Azer-Turk Bank309.42921Express Bank280.08522Amrah Bank239.40423Bank BTB235.06724NBC Bank169.59125Bank Avrasiya159.75826Ziraat Bank Azerbaijan154.39227Gunay Bank144.37628Nakhchivan Bank134.21029Bank Melli Iran - Baku87.64130National Bank of Pakistan - Baku11.23331International Bank of AzerbaijanNo report
Apparently, Azerbaijani pensioners and consumers from the needy category will have to revise the morning breakfast menu, completely abandoning butter. The fact is that in supermarkets this product, used for breakfast, as well as for preparing a number of dishes, confectionery products and ice cream, has appreciably risen in price. The price of Anchor butter in trade networks has grown from 14.8 manats to 15.2 manats per kilogram.
Baku / 25.07.17 / Turan: Expansion of cotton crop areas due to natural meadows and pastures put local cattlemen in a desperate situation. Due to the reduction in the fodder base, domestic production of meat and milk is rapidly falling, giving way to imports of overseas products. Consumer prices are growing.
We represent rankings of investment companies operating in the capital market (Securities) in Azerbaijan on the basis of comparison of financial indicators for the years 2015-2016 (annual dynamics). The rankings were prepared using financial statements (balance sheet, profit / loss) posted on the website of the Baku Stock Exchange.¹Investment companyDynamics of assets1Invest-AZ2.3 times2Uni Capital78.8%3Pasha Capital78.7%4Azfinance61.7%5Capital Management- 12.4%6PSG Capital-7Khalg Capital-
We represent the ranking of the investment companies operating in the capital market (securities) in Azerbaijan. Rankings were prepared on the basis of financial indicators for 2016, as well as using financial reports (balance sheet, profit / loss) posted on the Internet pages of the Baku Stock Exchange.¹ Investment companyAssets (millions of AZN) 1Azfinance22.3182Invest-AZ7.6113PSG Capital5.5854Uni Capital0.8505Pasha Capital0.8156Capital Management0.4027Khalg Capital-
Baku / 10.07.17 / Turan: The Ministry of Economy of Azerbaijan held a meeting of companies from the exporters' club with the country's sales representatives abroad. The Deputy Minister of Economy Sahil Babayev said that work is under way to organize export missions abroad. By the end of this year, it is planned to organize missions to Russia, Kazakhstan, Saudi Arabia and Europe. Missions to other countries are also possible.
Director of the International Trade Center (ITC, Center du commerce international, CCI) Arancha Gonzalez completed her visit to Azerbaijan, during which she studied the export potential of the country and the situation in industry and business, and assessed the measures taken to support entrepreneurship.
Over the past month, the situation with lending changed in two banks of Azerbaijan. One of them is Rabita Bank. The bank, within the summer campaign, which will last until the end of August, has reduced the annual interest rate for more than six months on pawn loans from 30-36% to 29%. However, the annual interest rate of loans granted up to six months remained at the same level of 24-28%.
The summer tourist season in Azerbaijan is traditionally opened on June 15. On this occasion, the National Bureau for Propaganda of Tourism held a meeting with managers of more than 50 tourism companies specializing in inbound tourism. According to the Minister of Culture and Tourism Abulfas Garayev, according to forecasts the main flow of tourists is expected from Arab countries and Russia.
Since the beginning of this week, in the markets of Baku, eggs have risen sharply, sometimes up to 14 gepiks. Sellers say prices for this product will grow, as demand has increased. The population increased consumption of eggs after falling prices for seasonal vegetables - tomatoes, green beans, greens, etc.
Baku / 24.05.17 / Turan: Despite the low confidence of the population in banks, the demand for real estate in Baku does not increase, and prices for housing and land for construction are stable so far. This temporary lull is caused by the wait-and-see attitude of buyers, experts say.