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W1siziisijiwmtcvmdgvmtcvmtkvmtcvmjcvntg4otg2ndetngnkny00otc1lweyodatmdvkndu0ogjjzdrjlzc2ogzjztm0mze4zmm2nje0zdg0odexyje4ndnlzdgylmpwzyjdlfsiccisinrodw1iiiwiodb4njaixv0?sha=854205e6ef4c6010 Over AZN 5 mln allocated for road construction in Azerbaijan’s Aghsu
Azerbaijani President Ilham Aliyev has signed an order on additional measures for the construction of the Chaparli-Kandoba-Jalayir highway in the country’s Agsu district.

W1siziisijiwmtcvmdgvmtcvmtkvmtyvmdavywfimmrkntetmzm4ni00yzhhlwi4zjmtymuwodcxm2m0mtk5l3noywhkzw5pel8yxza0mdcxn18wmy5qcgcixsxbinailcj0ahvtyiisijgwedywil1d?sha=9aafd9e659f7c727 BP: Shah Deniz Stage 2 completed by over 95%
Implementation of the Shah Deniz Stage 2 project continued successfully in 1H17, says a BP report on its activity in Azerbaijan, issued Aug. 17.

W1siziisijiwmtcvmdgvmtcvmtuvmzevmtivytq1ote4m2ityjqzzs00yzlhltk5ntitnmezzgjlmdlhzjkzl2ltywdllmpwzyjdlfsiccisinrodw1iiiwiodb4njaixv0?sha=597bdec665a1ad30 Azerbaijan introduces state regulation of naphthalan oil price
Azerbaijan has introduced the state regulation of naphthalan oil price.



Over AZN 5 mln allocated for road construction in Azerbaijan’s Aghsu
Azerbaijani President Ilham Aliyev has signed an order on additional measures for the construction of the Chaparli-Kandoba-Jalayir highway in the country’s Agsu district.

BP: Shah Deniz Stage 2 completed by over 95%
Implementation of the Shah Deniz Stage 2 project continued successfully in 1H17, says a BP report on its activity in Azerbaijan, issued Aug. 17.

Azerbaijan introduces state regulation of naphthalan oil price
Azerbaijan has introduced the state regulation of naphthalan oil price.

Stavropol to host Russia-Azerbaijan interregional forum
The forum will bring together officials and entrepreneurs from many regions of Russia and Azerbaijan.

Azerbaijani Central Bank holds another currency auction
Azerbaijani Central Bank has held another currency auction.

New satellite control center built in Azerbaijan
Construction of the control center for Azerbaijan’s Azersky low-orbit satellite has already been completed, a source close to the matter told Trend.

Gas transportation from Shah Deniz field to Georgia suspended
The gas transportation from Azerbaijan’s Shah Deniz field to Georgia has been suspended, APA’s Georgian bureau reported.

Association of Persimmon Producers & Exporters created in Azerbaijan
Association of Persimmon Producers and Exporters has been created in Azerbaijan, the country’s Economy Ministry said, Aug. 16.

SOCAR to drill 8 additional wells at offshore field
The purpose of reconstruction at the Gunashli field is to ensure qualitative operation of the new wells.

WB can help Azerbaijan develop new business lending mechanisms
The World Bank (WB) is ready to assist the Azerbaijani government in developing new mechanisms of lending to the private sector, Naveed Hassan Naqvi, WB country manager for Azerbaijan, said in an exclusive interview with Trend.

Azerbaijan-Korea business meeting to be held in Baku
Baku will host a business meeting between Azerbaijan and Korea on September 13, 2017, embassy of the Republic of Korea in Azerbaijan said in a message, Aug. 15.

Italy’s Ferrero may support cultivation of hazelnuts in Azerbaijan
Italian food giant Ferrero SpA has held talks with the government of Azerbaijan, which may lead to the company’s support of the hazelnut cultivation in the country, reads an article posted on global food industry news provider www.just-food.com.

Azerbaijan fulfills its obligations to cut oil production
Azerbaijan completely fulfilled its obligations by reducing its oil production by 35,000 barrels per day, the country's Energy Ministry said.

'Shah Deniz' platform suspended for 14 days
The planning for the programme started in 2016 and these activities are included in 2017 Annual Work Programme and Budget.

Oil prices steady after overnight tumble on dollar strength, China concerns
Global benchmark Brent crude futures LCOc1 were up 13 cents, or 0.3 percent, at $50.86 at 0325 GMT.

LUKOIL and SOCAR can jointly invest in Turkish companies
“Turkey’s retail fuel market remains attractive for PJSC LUKOIL,” said Senior Vice President for Supply and Sales of PJSC LUKOIL Vadim Vorobiev, APA-Economics reports quoting Anadolu Agency.

Azerbaijan, Hungary to implement major joint agricultural project
On August 15, Azerbaijan’s Khizi district will be hosting a groundbreaking ceremony for a greenhouse complex, to be jointly built by Azerbaijani CTC Holding and Hungarian companies, the Embassy of Hungary in Baku said on Aug. 14.

Georgia’s state debt to Azerbaijan amounts to over $ 9 mln
According to information as of July 31, 2017, Georgia’s foreign debt and volume of loans received under government guarantee totaled $ 4.9 billion.

Russian cargo airline to fly through Azerbaijan
The fifth freedom traffic right allows an airline to carry revenue traffic between foreign countries as a part of services connecting the airline’s own country.

Azerbaijanis earn highest salaries among other migrants in Russia
Azerbaijanis and Georgians in the legal status of migrants for 2017 receive on average 35,9 000 Rubles (600 USD).

Cargo transportation increases in Azerbaijan segment of TRACECA corridor
Cargo transportation in Azerbaijan segment of TRACECA corridor experienced growth.

Azerbaijan in top 5 countries with the easiest visa procedure
Until recently, Azerbaijan was a stalwart on our 'Hardest Visa To Get' list.

Azerbaijani president allocates AZN 23.3M for restoration of Gakh-Zagatala highway
Azerbaijani president Ilham Aliyev has signed an order on additional measures for restoration of Gakh-Zagatala part of R-16 Goraghan-Gakh-Zagatala highway.

Azerbaijan reduces excise tax on imports of kerosene to minimum
The excise tax of 1 AZN per ton will be levied for import of kerosene into Azerbaijan.

WB: Azerbaijan's economy may grow 1% in 2018
The World Bank (WB) forecasts 0.5-1 per cent growth of Azerbaijan's economy in 2018, head of the WB Baku office Naveed Hassan Naqvi said in an exclusive interview with Trend.

SOCAR commissions onshore wells at Azerbaijan's Saadan field
Azerbaijan’s state oil company SOCAR will additionally produce 2,900-3,650 tons of oil annually as it has commissioned two new wells at the country’s Saadan onshore field, SOCAR said in a message Aug. 11.

Azerbaijani president allocates AZN 24.6M for repair of Zagatala-Balaken-Mazimchay highway
Azerbaijani President Ilham Aliyev has signed an order on measures on repair of Zagatala-Balaken-Mazimchay part of M-5 Yevlakh-Zagatala-Georgian border motor road, according to APA.

Azerbaijan becomes best destination for traveling in September
Azerbaijan has become the best destination for traveling for foreigners in September.

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

Astana to host Eurasian Week International Forum
Astana will host Eurasian Week International Forum. The Azerbaijani businessmen were invited to participate in the Forum, AzerTag reports.

Buta Airways planes to fly between Baku and Kazan from 1 September
Starting from 1 September 2017 Azerbaijan Airlines (AZAL) flight Baku-Kazan-Baku will be carried out by Buta Airways, the newly-established low-cost airline of AZAL.

Azerbaijani president approves State Program on development of tobacco growing
President of Azerbaijan Ilham Aliyev has issued an order on approval of State Program on development of tobacco growing in Azerbaijan in 2017-2021.

Azerbaijan negotiates new railway route through its territory
Azerbaijan is negotiating a new railway route through its territory.

"Sahil" metro station closed for major overhaul
"Sahil" station will be closed on August 20 and the trains will move to "Icheri Sheher" station without stopping at "Sahil" station.

Fruit and vegetable prices in Russia may drop 15% in coming months
Fruit and vegetable prices may potentially decline by 15% in coming months, the Russian Ministry of Economic Development said on Wednesday, TASS reported.

Azerbaijan takes measures against potentially dangerous actions of local cheese producers
Azerbaijan has taken measures against potentially dangerous actions of producers of local cheese, Fineko/abc.az reports.

SPE Annual Caspian Technical Conference and Exhibition to be held in Baku
SPE’s 4th annual Caspian Technical Conference and Exhibition will return to Baku, Azerbaijan 1-3 November 2017.