OPEC Secretary General thanks Azerbaijan

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More from Economy

Czech minister names 3 main areas for making Azerbaijani investments

31.07.2017 09:59 GMT

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The Czech Republic is undoubtedly interesting for Azerbaijan in terms of investment, such as in the petrochemical industry, energy and natural resources, Czech Minister of Industry and Trade Jiri Havlicek said in an exclusive interview with Trend.

OPEC, non-OPEC states to discuss oil cut deal in UAE

29.07.2017 15:11 GMT

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The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) plans to meet in Abu Dhabi, UAE, to discuss the compliance of oil producers, obliged to cut production.

Azerbaijan to create enterprise producing dried fruits

29.07.2017 10:37 GMT

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The National Fund for Entrepreneurship Support under the Ministry of Economy of Azerbaijan started accepting for review the investment projects on priority areas of development of the Oguz district, said the Ministry of Economy on Friday, July 29.

Azerbaijan’s Central Bank deposits 362.6 kg of gold from Switzerland

29.07.2017 10:07 GMT

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The Central Bank of Azerbaijan (CBA) has deposited 362.6 kilograms (11,655.2 troy ounces) of consumer gold from Switzerland, said the country’s Finance Ministry.

Germany’s Temco may build auto parts plant in Azerbaijan

28.07.2017 19:28 GMT

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Germany’s Temco Group may build a plant for production of plastic spare parts for the automotive industry in Azerbaijan’s Sumgait Chemical Industrial Park, the Azerbaijani Economy Ministry said in a message July 28.

Azerbaijani president allocates AZN 2.7M for road construction in Ujar

28.07.2017 19:11 GMT

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Azerbaijani President Ilham Aliyev has signed an order on measures on construction of Ujar-Garaybayli-Rastaja motor road in Ujar district, APA reports.

UN Resident Coordinator hails Azerbaijan's agricultural potential

28.07.2017 16:41 GMT

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UN Resident Coordinator and UNDP Resident Representative for Azerbaijan Gulam Isaczai has hailed Azerbaijan's high agricultural potential as he met with the country's Minister of Agriculture Heydar Asadov.

Baku-Batumi bus service may become daily

28.07.2017 14:31 GMT

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Baku-Batumi bus service has been operating from 30 June of the year, Baku International Bus Station said, according to Vestnik Kavkaza.

BTK railway to be commissioned in October

28.07.2017 14:21 GMT

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The Baku-Tbilisi-Kars (BTK) railway will be commissioned in October, Kazakhstan Railways said in a message July 28.

Half-year forecast on budget revenues overfulfilled

28.07.2017 12:55 GMT

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According to monthly reports by State Treasury Agency of the Ministry of Finance, the state budget was executed with surplus in January, deficit in February, March, April, May and June, Chamber of Accounts said in its analysis.

Azerbaijan, Japan mull opening of regular flights

28.07.2017 11:27 GMT

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Baku hosted negotiations between delegations of aviation authorities of Azerbaijan and Japan, the press service of Azerbaijan’s State Civil Aviation Administration said July 28.

Azerbaijan, Pakistan to establish joint ventures

27.07.2017 20:13 GMT

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Azerbaijan and Pakistan will establish joint ventures in various sectors of the economy, the Azerbaijani Economy Ministry said in a message July 27.

ITC ready to support Azerbaijan’s accession to WTO

27.07.2017 17:09 GMT

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The International Trade Center (ITC) has expressed support to speed up Azerbaijan’s accession to the World Trade Organization (WTO), ITC Executive Director Arancha Gonzalez tweeted July 27.

Azerbaijani president allocates AZN 6.8M for road construction in Barda

26.07.2017 20:31 GMT

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Azerbaijani President Ilham Aliyev has signed an order on measures on construction of Yeni Dashkend-Umudalilar motor road in Barda district.

EBRD approves huge loan for Azerbaijan’s Shah Deniz project

26.07.2017 17:14 GMT

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The European Bank for Reconstruction and Development (EBRD) will provide a $100 million loan to LUKOIL Overseas Shah Deniz Ltd to extend additional financing for its share in the second stage of the development of Shah Deniz, an offshore gas exploration and production project in Azerbaijan and one of the largest gas fields in the world, the bank said in a message.

Abu Dhabi-Baku flight may open in the near future

26.07.2017 15:48 GMT

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The "Etihad Airways" of the United Arab Emirates (UAE) may launch direct flights to Azerbaijan.

Azerbaijan negotiates joint production of pharmaceuticals with companies from four countries

26.07.2017 09:24 GMT

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Azerbaijan is currently holding negotiations on the joint production of pharmaceuticals with companies from Turkey, the UAE, Japan and South Korea, according to the Ministry of Economy.

Azerbaijani companies to participate in tender for gas pipeline construction in Pakistan

26.07.2017 00:57 GMT

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Azerbaijani companies will take part in the tender for the construction of a gas pipeline in Pakistan, Azerbaijani Economy Minister Shahin Mustafayev said.

Moody's upgrades International Bank of Azerbaijan's ratings

26.07.2017 00:04 GMT

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Moody's has upgraded International Bank of Azerbaijan's (İBA) raitings following creditors' agreement on its debt restructuring, concludes the review, APA reports quoting press service of IBA.

Ashgabat to host Azerbaijan-Turkey-Turkmenistan business forum

25.07.2017 20:37 GMT

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Businessmen from Azerbaijan, Turkey and Turkmenistan plan to discuss the development of cooperation during a forum to be held in Ashgabat until late 2017.

Industrial district to be built in Azerbaijan's Hajigabul

25.07.2017 20:17 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on creation of an industrial district in Hajigabul.

Azerbaijan may create more industrial zones in districts

25.07.2017 16:37 GMT

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The government of Azerbaijan is studying the opportunity of creating industrial zones in the country’s Aghdam, Aghstafa and Gazakh districts, said Azerbaijani Economy Minister Shahin Mustafayev at the ministry’s expanded meeting dedicated to the results of 1H17.

Azerbaijan increases gas export to Turkey

25.07.2017 14:59 GMT

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Turkey imported 3.727 billion cubic meters of gas in May 2017, up 15.9% from previous year, 18.16 mcm or 3.12% from previous month.

Anglo-Asian Mining owes $11M to Azerbaijani banks

25.07.2017 14:24 GMT

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As of June 30, 2017, Anglo-Asian Mining PLC’s debt on loans stood at $30.4 million, according to annual report and accounts.

IDC: Baku may become best example of smart city in region

25.07.2017 14:17 GMT

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Baku has all the prerequisites to become the best example of smart city in the region, Andrew Beklemishev, regional director of the International Data Corporation (IDC) for Central Asia, Azerbaijan and Mongolia, told Trend.

Azerbaijan wants to see more European companies involved in transport corridor projects

25.07.2017 09:13 GMT

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Azerbaijan expects greater involvement of European companies in the implementation of transport corridor projects in the country, the country’s Ambassador to Belgium and Luxembourg Fuad Isgandarov said in an interview with Trend.

Azerbaijani president allocates AZN 3M for construction of Zire-Turkan motor road

24.07.2017 18:52 GMT

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Azerbaijani President Ilham Aliyev has signed an order on measures on construction of Zire-Turkan motor road in Khazar district of Baku, APA reports.

Ministry: Istanbul Ataturk Airport to operate as exhibition center

21.07.2017 21:45 GMT

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After the commissioning of the third airport in Istanbul, Istanbul Ataturk Airport will operate as an exhibition center, the Turkish Ministry of Transport, Maritime and Communications told Trend July 21.

President: Lack of fish market in Baku is shortcoming

21.07.2017 19:37 GMT

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“Now, we’ll lay the foundation of a fish breeding enterprise, fish market has been built. Look, there has never been a fish market in Baku so far. This is a shortcoming. Because, most of coastal cities have fish market”, President of Azerbaijan Ilham Aliyev said in the meeting with representatives of public in Pirallahi district, APA reports.

Ilham Aliyev: Drinking water supply projects successfully implemented in Azerbaijan

21.07.2017 19:19 GMT

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In recent years, drinking water supply projects have been successfully implemented both in Baku and in almost all Azerbaijan’s districts, said Azerbaijani President Ilham Aliyev.

Azerbaijani FM attends closing ceremony of 11th Summer Energy School - PHOTO

21.07.2017 17:03 GMT

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Minister of Foreign Affairs Elmar Mammadyarov spoke at the closing ceremony of the 11th Summer Energy School organized by the ADA University on July 9-12.

Holcim (Azerbaijan) ends 2016 on loss

20.07.2017 19:14 GMT

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As at the end of 2016, Holcim (Azerbaijan) OJSC’s assets stood at AZN 342.561 million, down 5.62% from previous year, APA reports.

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