Ministry: Istanbul Ataturk Airport to operate as exhibition center

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More from Economy

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.

Azerbaijani investments in Turkey to exceed $20B until 2020

20.07.2017 00:15 GMT

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The volume of Azerbaijani investments in Turkey will exceed $20 billion until 2020, Head of the Turkey-Azerbaijan Business Council of Turkey’s Foreign Economic Relations Board said July 19 in Istanbul, Trend reports.

Azerbaijan-Iran MoU on development of railways approved

19.07.2017 19:33 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on approval of the Memorandum of Understanding (MoU) on development of railways signed between Azerbaijan Railways and Islamic Republic of Iran Railways on March 5, 2017.

Azerbaijani president allocates AZN 5 million for construction of new building for journalists

19.07.2017 19:04 GMT

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President of Azerbaijan Ilham Aliyev has signed an order on additional measures to strengthen the social protection of media workers.

Azerbaijan, Georgia and Turkey to strengthen customs cooperation

19.07.2017 15:44 GMT

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Azerbaijan, Georgia and Turkey will strengthen cooperation in customs.

Azerbaijani company partakes in tender to build Bosnia highway section

18.07.2017 19:43 GMT

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Five companies, joint ventures and consortia from China, Turkey, Austria and Azerbaijan have submitted bids for the construction of a 100 million euros section of a north-to-south highway in Bosnia, Reuters reported.

Azerbaijan to have 4 non-working days on Gurban holiday

18.07.2017 15:31 GMT

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The number of non-working days in Azerbaijan in connection with Gurban holiday to be marked in September has been announced.

Vugar Safarli: Third building too will have 255 apartments

18.07.2017 14:27 GMT

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"During the opening ceremony of the second building for journalists, the foundation of the third building will be laid."

Azerbaijan among best countries for immigration

18.07.2017 12:09 GMT

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Boston Globe has published an article titled "The US is now only the 7th-best country for immigrants, study says", which also mentions Azerbaijan.

Oil steadies as ample supply meets firm demand

18.07.2017 11:55 GMT

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Oil markets steadied on Tuesday, supported by firm demand but weighed down by high supplies from OPEC and producers in the United States.

Azerbaijan, Turkey intend to bring mutual trade volume up to $15B

18.07.2017 09:19 GMT

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Azerbaijan and Turkey intend to bring the mutual trade volume up to $15 billion by 2023, Turkish Deputy Prime Minister Nurettin Canikli said in an exclusive interview with Trend.

Import of certain types of gasoline to Azerbaijan exempted from duties

18.07.2017 08:50 GMT

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Motor fuels (excluding gasoline for aircraft engines) with octane number less than 95 and 92 imported to Azerbaijan are exempted from import duties, APA reports.

SOCAR completes reconstructing platform at offshore field

17.07.2017 22:34 GMT

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Azerbaijani state oil company SOCAR has completed the work on reconstruction of platform #11 at the Gunashli field in the Caspian Sea, SOCAR said in a message July 17.

Azerbaijan, Turkey to create information exchange system

17.07.2017 20:02 GMT

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Azerbaijan and Turkey will sign an agreement on creating an electronic system for preliminary exchange of information on transit transportation by vehicles, the Azerbaijani State Customs Committee said July 17.

Azerbaijan-Latvia business forum held in Riga

17.07.2017 19:29 GMT

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An Azerbaijan-Latvia business forum has been held in Riga, APA reports.

Tajik delegation familiarizes with Sumgayit Technology Park

17.07.2017 17:33 GMT

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A delegation led by Tajik Minister of Development and Trade Nematullo Hikmatullozoda has familiarized with the activity of STP.

SOCAR: Change in gasoline prices to accelerate modernization of oil refining industry

16.07.2017 15:44 GMT

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The change in AI-92 gasoline prices will support Azerbaijan’s state oil company SOCAR in accelerating the modernization of the oil refining industry, SOCAR Vice President for Refining David Mammadov told AzTV channel.

Growth of Azerbaijani gasoline prices not to affect passenger, freight traffic

15.07.2017 15:06 GMT

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In accordance with the decision of the Council, starting from July 15, the 92 RON gasoline costs 90 qepik (nearly 53 cents as of July 15).

S&P: SOCAR plays critical role in Azerbaijan’s economy

15.07.2017 14:17 GMT

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Standard & Poor's (S&P) Global Ratings has announced it placed SOCAR’s long-term corporate credit rating "BB" on CreditWatch Negative.

SOCAR to take part in tender announced in Georgia

15.07.2017 11:18 GMT

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The construction of an underground gas storage facility is scheduled for the first half of 2018.

Price of gasoline Aİ-92 increased in Azerbaijan - OFFICIAL

15.07.2017 00:14 GMT

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At the next meeting of the Tariff (Price) Council, the retail price for a liter of gasoline Aİ-92 was reviewed upon the request of the SOCAR and relevant regulations were made, APA reports.

TOTAL to perform first drilling in Azerbaijan's Absheron field soon - ambassador

14.07.2017 23:27 GMT

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France's TOTAL company will perform first drilling in Azerbaijan's Absheron field soon, said France’s ambassador to Azerbaijan Aurelia Bouchez during the event dedicated to the French National Day, Bastille Day.

Azerbaijan plans to produce 500,000 tons of cotton in 2022

14.07.2017 19:44 GMT

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Cotton production in Azerbaijan in 2022 is expected at the level of 500,000 tons, according to the State Program for the Development of Cotton Growing in Azerbaijan for 2017-2022 approved by the order of Azerbaijani President Ilham Aliyev.

Azerbaijani president allocates AZN 6M for road construction in Imishli

14.07.2017 19:15 GMT

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Azerbaijani President Ilham Aliyev has signed an order on measures on construction of Imishli-Otuziki-Garagashli motor road in Imishli district, APA reports.

USD rate for July 17 announced

14.07.2017 17:46 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for July 17.

Oil dips on ample supply despite OPEC pledge to cut output

14.07.2017 09:02 GMT

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Oil markets dipped on Friday, pulled down by high fuel inventories and improving industry efficiency, but were still on track for a solid weekly gain.

Tajikistan to ban goods produced in occupied Azerbaijani lands

14.07.2017 00:20 GMT

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The governments of Azerbaijan and Tajikistan reached an agreement to ban import and sale of goods, produced in the occupied Azerbaijani territories, in Tajikistan.

Yellen says 3 percent U.S. growth 'quite challenging' in coming years

13.07.2017 23:46 GMT

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It would be "quite challenging" for the United States to reach the 3 percent growth target set by President Donald Trump, Federal Reserve Chair Janet Yellen told a Senate panel on Thursday in a hearing focused on regulatory reform and a discussion of lagging productivity, Reuters reports.

Chairman of Central Bank of Azerbaijan meets his Swiss counterpart

13.07.2017 23:36 GMT

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Chairman of Central Bank of Azerbaijan Elman Rustamov has met his Swiss counterpart Tomas Jordan.

SOCAR’s subsidiaries sign memorandum of cooperation

13.07.2017 19:49 GMT

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SOCAR Methanol LLC and SOCAR Polymer LLC signed a memorandum of cooperation in summer practice programs, SOCAR Methanol said in a message July 13.

Company led by Armenian to be represented in Azerbaijan

13.07.2017 17:34 GMT

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Russian online service Yandex.Taxi and Uber have agreed to combine their businesses in Russia, Azerbaijan, Armenia, Belarus, Georgia and Kazakhstan, according to the report from Yandex.

USD rate for tomorrow announced

13.07.2017 17:26 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for July 14.

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