Azerbaijan’s trade with CIS countries tops $1.6bn

Azerbaijan’s trade with CIS countries tops $1.6bn In the first half of 2012, Azerbaijan’s trade with CIS countries made $1,657,137,040. According to sources in the State Customs Committee, in the reporting period export to the CIS countries made $537,354,170 and import made $1,119,782,870. Thus, a negative balance of $582,428,500 formed in trade with CIS countries. Azerbaijan’s trade with CIS countries made $5,498,000,000 in 2011. Last year the export to the... Read More

ADB cuts amount of II multitranche funding for project in Azerbaijan

ADB cuts amount of II multitranche funding for project in Azerbaijan The Asian Development Bank (ADB) has reduced the volume of the II multitranche financing (MFF) for road construction in Azerbaijan from $800 million to $500 million, Baku Office of ADB told Trend on Thursday. “The reduction in funding is due to the fact that the bank has decided to direct loans to complete construction of the Baku-Iran border highway, particularly of Alat-Masalli road,” the office... Read More