Estimated price of Shah Deniz-2 ups

Estimated price of Shah Deniz-2 ups   The cost of the Shah Deniz Stage 2 project is now estimated slightly higher than previously at $28 billion, SOCAR President Rovnag Abdullayev said during the meeting with the graduates of the summer school of the company. “We plan to implement scaled projects, one of which is the implementation of the stage 2 project. Within the project, we will also start broadening of the South Caucasus pipeline in the territory of both Azerbaijan... Read More

Capital city contributed 92 % of total deposits

Capital city contributed 92 % of total deposits Baku is leading again for such an indicator as raising banks’ deposits. According to the Central Bank of Azerbaijan (CBA), on August 1, 2012 the amount of bank deposits in the capital city was at AZN 4,044,900,000 at an average rate of 8.8% per annum. Deposits in national currency made AZN 2,201,300,000, the average rate – 8.2%, foreign currency – AZN1,843,600,000 (9.5% respectively) in August. Demand deposits... Read More