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Trump protected Azerbaijani pipeline from US sanctions

The Azeri Times



The Southern Gas Corridor has received a waiver from US sanctions against Iran’s energy customers, an expected win for the project designed to transport 10 Bcm a year of Caspian natural gas to Turkey and southern Europe while bypassing Russia, S&P Global Platts reports.

BP had been seeking a sanctions waiver for its development of Azerbaijan’s offshore Shah Deniz fields, the source of the Southern Gas Corridor’s natural gas. Iran’s NICO holds a 10% share in the second phase of Shah Deniz, potentially triggering US sanctions against Iran petroleum sector investment.

US energy sector sanctions being re-imposed November 4 will ban companies from the US financial system if they continue to do business with Iran. Countries that depend on Iranian oil imports are continuing to press the US government for waivers.

Trump’s order contained a “natural gas project exception” that describes the Southern Gas Corridor without naming it. The order referenced the Iran Threat Reduction and Syria Human Rights Act of 2012, a US law that describes an exemption for “the development of natural gas and the construction and operation of a pipeline to transport natural gas from Azerbaijan to Turkey and Europe.” The law says the corridor “provides to Turkey and countries in Europe energy security and energy independence” from Russia.


Rankings of the Banks in Azerbaijan Q2 2018

The Azeri Times


on prepared Rankings of commercial banks operating in Azerbaijan on the basis of financial indicators for the second quarter of 2018. Rankings are prepared using financial reports posted on Internet sites (balance sheet, profit / loss).

Commercial bank Assets (million AZN)

1 – International Bank of Azerbaijan 7.615.553

2 – Pasha Bank 3.901.761

3 – Capital Bank 3.573.419

4 – Xalg Bank 1.977.525

5 – Azerbaijan Senaye Bank 1.019.677

6 – Bank Respublika 858.777

7 – Access Bank 827.863

8 – Rabita Bank 712.492

9 – Uni Bank 621.245

10 – Ata Bank 603.177

11 – Bank Silk Way 599.178

12 – AFB Bank 522.782

13 – Turan Bank 492.741

14 – AG Bank 487.791

15 – Mugan Bank 486.363

16 – Nikoil Bank 446.473

17 – Express Bank 440.153

18 – Yapi Kredi Bank Azerbaijan 406.825

19 – Azer-Turk Bank 313.744

20 – Bank of Baku 299.459

21 – Bank BTB 299.449

22 – NBC Bank 240.016

23 – Ziraat Bank Azerbaijan 229.868

24 – Amrah Bank 196.217

25 – Nakhchivan Bank 191.813

26 – Gunay Bank 181.696

27 – Bank Avrasiya 169.444

28 – Bank VTB Azerbaijan 125.207

29 – Bank Melli Iran – Baku 108.132

30 – National Bank of Pakistan – Baku 10.717


Commercial bank Cash (million AZN)

1 – Capital Bank 425.827

2 – Access Bank 73.342

3 – Khalg Bank 58.473

4 – AFB Bank 55.007

5 – Bank Respublika 46.217

6 – Yapi Kredi Bank Azerbaijan 35.825

7 – Uni Bank 33.993

8 – Bank Silk Way 28.692

9 – Gunay Bank 19.684

10 – Turan Bank 19.190

11 – Nakhchivan Bank 16.276

12 – AG Bank 15.812

13 – Mugan Bank 14.635

14 – Bank BTB 13.356

15 – Azerbaijan Senaye Bank 12.673

16 – Amrah Bank 11.961

17 – Ata Bank 11.639

18 – Nikoil Bank 10.915

19 – Bank Avrasiya 10.819

20 – Bank VTB Azerbaijan 7.058

21 – Ziraat Bank Azerbaijan 5.238

22 – NBC Bank 5.178

23 – National Bank of Pakistan – Baku 0.360

24 – International Bank of AzerbaijanNo report

25 – Azer-Turk BankNo report

26 – Bank of BakuNo report

27 – Express BankNo report

28 – Bank Melli Iran – BakuNo report

29 – Pasha BankNo report

30 – Rabita BankNo report

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Azerbaijan government introduces mobile device registration fee

The Azeri Times



A fee for registering mobile devices is now being applied in Azerbaijan

Fees for registration of cellular phones brought by individuals from abroad in the Ministry of Communications, Transport and High Technologies have risen in Azerbaijan sharply, from five to 30-150 manat, depending on the characteristics of the device. The decree of the Cabinet of Ministers on new duties was published on July 31. Without registration, the new phone is disconnected from the network. The innovation does not apply to companies that bring phones to the country for sale.

Mobile devices whose market price does not exceed $ 100, which do not have photo and video functions and do not support Internet access, are subject to state duty of 20 manat. The registration of devices whose brand and model, as well as market value at the time of registration, were not listed in the catalog on the official website of the Ministry of Transport, Communications and High Technologies of Azerbaijan, is also subject to state duty of 20 manat. In other cases the amount of state fee for individuals purchasing mobile devices for personal use will be:

At the market price of the device up to 100 dollars – 30 manat;

At the market price of the device from 101 to 200 dollars – 50 manat;

At the market price of the device from 201 to 400 dollars – 60 manat;

At the market price of the device from 401 to 700 dollars – 70 manat;

At the market price of the device from 701 to 1,000 dollars – 100 manat;

At the market price of the device from 1,001 dollars and above – 150 manat.

Previously, the state fee for individuals was 5 manat, regardless of the market price of the mobile device purchased for personal use.

Interests of Wholesalers Will Be Satisfied

After two devaluations of the Azerbaijani manat, it became more profitable for citizens to bring telephones from a foreign trip. Numerous Azerbaijani tourists, who bring their phones from abroad to themselves, relatives and for sale, now will not pay off in this way, since henceforth the profit from the “personal telephone business” is zero or greatly reduced. Accordingly, the owners of companies engaged in the wholesale import of cell phones are happy, as buyers who previously bought phones abroad will rush into their stores.

The procedure for registration of telephones in the Ministry of Communications has not become more expensive for this agency. Hence, new duties are applied to replenish the state budget and protect the interests of wholesalers.

Reaction of Society

In society, this news was painful, considering it a continuation of the increase in the price of travel in public transport, two increases in the cost of gasoline and a constant increase in the price of food. Experts predict an autumn rise in price of electricity, diesel oil, fuel oil and again gasoline.

“Why these duties, and not others, what is their size, what will they give you – even if it is tens of thousands of manat? Will they help to significantly replenish the budget? Why, following the increase in the public transport fares by 50%, are you now so drastically raising duties on registration of mobile devices? Why are you angering people? Are you provoking them?” the blogger Hamid Hamidov asks the government.

A public figure, military expert Uzeir Javarov is surprised that in Azerbaijan, in the 21st century, they are not concerned with progress or information technologies, but are trying to make money on absurd and unjustified decisions. He considers the government’s decision to be regressive, saying “it is necessary to cancel it, and the initiators of the stupid idea must be urgently brought to justice.”

The increase in fees for the registration of mobile phones at least 4 times, a maximum of 30 times, was criticized by a public expert, Director of the NGO Multimedia Osman Gunduz on Facebook. “I urgently consider it necessary to speak out and call the decision of the Cabinet of Ministers a shame that does not fit into normal logic,” the expert said.

He wants to know the authors of this decision, who submitted the draft of the rise in the duties to the Cabinet, considering these officials lobbyists of groups of people who earn money by selling phones in Azerbaijan. Osman Gunduz believes that by such actions the lobbyists hinder the introduction of new technologies, such as 4G, 5G and LTE, e-government and digital society in Azerbaijan, since it will be unprofitable to purchase devices that support high-speed traffic. The expert suggests that by initiating and deciding on duties, the Cabinet opposes the President’s policy of stimulating innovation and the development of electronic society.

Osman Gunduz urged the Presidential Administration to react urgently to the decision of the Cabinet on the introduction of new fees for the registration of cell phones: “The decision must be canceled, the lobbyists must be identified and appropriate measures must be taken against them.

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Azerbaijan’s Tariff Council increases metro and bus fares in Baku

The Azeri Times



Azerbaijan’s Tariff Council (State Price Regulator) has announced that it raised trip fares for Baku Metro and regular bus routes.

Tariffs have been approved 30 kopecks per departure for passenger transportation in subway transport, 30 kopecks for regular city bus routes in Baku, as well as in other cities and regions, 30 to 90 kopecks for long-distance regular bus routes depending on the distance and 2.4 kopecks per 1 kilometer for routine inter-city bus routes.

The new fares will take effect on August 1.

It is noted that the reasons for the change in tariffs are the growth of expenses for passenger transportation services, the need to import vehicles and spare parts for them, with the purpose of updating and maintaining the bus fleet in working condition, a constant increase in the level of services, expansion of the system of cashless settlements in passenger transportation, reducing the subway’s dependence on the state budget . Proposals for tariff changes to the Tariff Council were sent by the Ministry of Transport, Communications and High Technologies of Azerbaijan, Baku Metro, the Baku Transport Agency, and a number of other entities involved in passenger transportation.

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