SOCAR Petroleum SA Romania will lease 6 filling stations operating under Aral M.T.B SRL, local media reported citing Romanian Competition Council on April 7.

The coronavirus pandemic in the world creates big problems for the economy, social conditions and the population, Azerbaijani Deputy Minister of Economy Niyazi Safarov told reporters.

Up until now, Azerbaijan has been importing medical masks, however, with the launch of new local enterprise for manufacturing the masks domestically, we will be able to provide for ourselves without imports, Deputy Minister of Economy Niyazi Safarov said at a press tour at the enterprise for the production of medical masks, Trend reports on April 7.

A mechanism of proactive appointment will be created in Azerbaijan and the coverage of insurance payments on unemployment will be expanded from April through December 2020, Trend reports citing the Cabinet of Ministers.

By order of the President Ilham Aliyev, another extremely important issue for Azerbaijan has been resolved, the Parliament’s Vice-Speaker Adil Aliyev said, Trend reports.

The Ministry of Labor and Social Protection of the Population, the Central Bank of Azerbaijan and the "Azerbaijan Banks Association" Public Union made a joint statement, Trend reports.

The price of gold increased in Azerbaijan on April 7, compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

The work will be carried out from April through May 2020 to provide unemployed people with temporary jobs, Trend reports referring to the Azerbaijani Cabinet of Ministers.

The website www.evdeqal.az has been jointly launched by the Azerbaijani Ministry of Transport, Communications and High Technologies, and the UN Development Program, Trend reports referring to the ministry.

Asian Development Bank (ADB) forecasts a deficit of the state budget of Azerbaijan in 2020 at the level of 3.4 percent of GDP, local media reported citing Asian Development Outlook 2020 released publication on April 3.

Central Bank of Azerbaijan (CBA) held a deposit auction, attracting 200 million manat ($117.6 million) from Azerbaijani banks, Trend reports referring to CBA on April 6.

Official exchange rate of the Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week.

Slovenia and Azerbaijan should unleash the untapped opportunities not only in trade cooperation but also in services and investments, Minister of Economic Development and Technology Zdravko Počivalšek told Trend.

The price of gold increased in Azerbaijan on April 6, compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

The official exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 manat and 1.8385 manat respectively for April 6.

The entrepreneurs (working in both small and medium-sized enterprises) who have suffered certain losses as a result of a pandemic will be provided with tax benefits and vacations, Trend reports referring to the Azerbaijani Cabinet of Ministers.

The rent fee will not be charged from entrepreneurs for state property and state land in Azerbaijan until the end of this year, Executive Director of Azerbaijan’s Center for Analysis of Economic Reforms and Communication Vusal Gasimli told Trend.

The Azerbaijani prime minister has signed the order to approve the "Action plan on the implementation of the item 10.2 of the order of the President of Azerbaijan dated March 19, 2020" “On a number of measures to reduce the negative impact of coronavirus (COVID-19) and sharp fluctuations as a

To create a new mechanism for the development and implementation of strategic projects, the Azerbaijan Construction Corporation is planned to be created in the country’s construction sector to accelerate the development of cities and districts, Trend reports referring to the Azerbaijani Cabinet of Ministers.

The banks and insurance companies in Azerbaijan are exempted from making payments to the Central Bank of Azerbaijan in April, Trend reports referring to the Azerbaijani Cabinet of Ministers.

The measures have been announced to ensure the uninterrupted prvision of the Azerbaijani population with the relevant products which are imported into the country, which are necessary to meet the population’s need for food and medical supplies in connection with the spread of coronavirus (COVID-19), Trend reports referring to the Azerbaijani Cabinet of Ministers.

The limit of electricity which is provided for the population at the preferential tariffs will be increased up to 100 kilowatts per hour in Azerbaijan in April – May, Trend reports referring to the Azerbaijani Cabinet of Ministers.

Last week, the price of one ounce of gold decreased by 42.4048 manat ($24.9) in Azerbaijan, Trend reports.

Bank lending in Baku and Azerbaijani districts reached 15.2 billion manat ($8.9 billion) in early March 2020, which is 14.6 percent more compared to the same period of 2019, Trend reports referring to the Central Bank of Azerbaijan (CBA).

The total volume of deposits in Azerbaijan reached 24.9 billion manat ($14.6 billion) in late February 2020, which is 11.3 percent more compared to late February 2019, Trend reports referring to the Azerbaijani Central Bank (CBA).