Category: Economy

BAKU — On June 24, mass attacks on bank accounts were reported in Azerbaijan. Agil Layij, a lawyer based in the capital, Baku, wrote on social media that bank cards had been subjected to strong cyberattacks since June 23. According to him, account balances are decreasing, and loans are being formally issued as a result […]

The Azerbaijani government will cover 50 percent of the interest payments on business loans obtained by entrepreneurs operating in cities and districts outside Baku and the Absheron district. According to the decree signed by President Aliyev on June 9, the state guarantee and interest subsidy mechanisms will initially be introduced as a pilot program, and […]

Azerbaijan’s state oil company SOCAR has appointed a new chief executive officer to “Italiana Petroli,” the company it acquired from Italy’s “API Holding.” “Policy Maker” reports that the person in question is Georgia’s former Economy Minister Levan Davitashvili. Levan Davitashvili served as First Deputy Prime Minister and Minister of Economy and Sustainable Development of Georgia […]