New economic window for Baku-Ankara cooperation

New economic window for Baku-Ankara cooperation The energy cooperation is one of the core issues in bilateral relations of Azerbaijan and Turkey. The implementation of joint energy projects, such as TANAP, Baku-Tbilisi-Kars railway project is highly important in this regard. Turkey’s high-ranking official put an end to rumors in Baku that Turkish Stream, Ankara’s joint project with Moscow, will compete with TANAP, Azerbaijan’s brainchild project. During his one day visit... Read More

Azerbaijan’s banks’ total loss exceeded total profit first time in the last decade

Azerbaijan’s banks’ total loss exceeded total profit first time in the last decade Azerbaijan’s banks’ total loss exceeded total profit in 2014, the first time in the last decade. Central Bank of Azerbaijan Republic has reported that banks’ loss reached 373.66 million manat ($ 479.05 million US) last year since total lost was only 171.31 million manat ($ 219.6 million US) in 2013. The total profit of the banks were 370.54 million manat ($ 475.05 million US) in 2014.... Read More