Prices will fall by 30-60% if Azerbaijan joins to the WTO

Prices will fall by 30-60% if Azerbaijan joins to the WTO “Beyond a certain doubts, citizens of the country will get benefit from Azerbaijan’s accession to the World Trade Organization (WTO). The fact that membership in the WTO leads to a fall in prices of food and non-food products. WTO  Accession which will remove  barriers in international trade, which in turn means that the country will enter production with a lower tax burden. Of course, not all imported goods’... Read More

SOFAZ not to buy Hungarian securities

SOFAZ not to buy Hungarian securities Azerbaijani State Oil Fund (SOFAZ) has no plans to invest in securities and other financial instruments in Hungary, it said on Monday. Information on the purchase of Hungarian securities by Azerbaijan came after the release of Azerbaijani officer Ramil Safarov, convicted in Hungary. SOFAZ considers it necessary to specify in connection with such false information prior to its publication. SOFAZ assets as of July 1, 2012, increasing by 9.6... Read More

Azeri Oil Export Fall by 12,1 %

Azeri Oil Export Fall by 12,1 % The State Oil Company of Azerbaijan (SOCAR) exported 13,9 million ton by the BTC pipeline in January-August 2012. According to CESD sources in the SOCAR, export made 1,9 million ton in January, 1,4 million ton in February, 1,9 million ton in March, 1,9 million tin in April, 1,7 million ton in May, 1,6 million ton in June, 1,9 million ton in July, 1,6 million ton in August. Oil export dropped 12,1 % (1,9 million ton) in the first 8 months in 2012... Read More