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Agriculture production increases by 6.3% in Azerbaijan

2019.08.19 16:41 GMT

In January-July of 2019, the value of total agricultural products amounted to AZN 4 453,7 mln. in Azerbaijan and 2 230,4 mln of it falls to the share of cattle-breeding, while 2 223,3 mln of the amount falls to the share of planting APA-Economics reports citing State Statistical Committee.

EU, UNDP, Center for Traditional Art of the Icherisheher administration continue to support development of inclusive education in Azerbaijan

2019.08.19 15:19 GMT

A three-year project with a total budget of $742,091, carried out by the European Union, the United Nations Development Program and the Center for Traditional Art of the Icherisheher Administration (CTAIA), is ongoing, Trend reports citing the United Nations Development Program (UNDP).

Azerbaijan commences repair works on Baku-Guba-state border with Russia highway

2019.08.19 13:14 GMT

Road fences which have become unusable due to traffic accidents are being repaired in order to ensure the safe movement of cars on the 10-33 kilometer of the Baku – Guba – state border with Russia highway, Azerbaijan's State Motor Road Agency told Trend.

Price of Azerbaijani oil increases

2019.08.17 09:18 GMT

The price of Azeri Light (CIF) crude oil has increased in the world market, APA-Economics reports.

GDP for AZN 45 bn produced this year

2019.08.17 20:18 GMT

For the past 7 months of the current year, Azerbaijan produced AZN 44.47 bn or 2.5% of GDP more against the 2018 same term.

Azerbaijan-Belarus trade exceeds $120m

2019.08.16 19:06 GMT

Trade between Azerbaijan and Belarus increased in the first seven months of 2019 to exceed $120 million, AzerTag reports citing Belarusian National Statistical Committee.

Finnish Wärtsilä looking for new ways to support Azerbaijan in stabilizing grid

2019.08.16 16:34 GMT

Wärtsilä Oyj Abp, Finnish corporation which manufactures and services power sources and other equipment in the marine and energy markets, is looking for new ways to support Azerbaijan in stabilizing the grid, the company told Trend.

OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

2019.08.16 15:22 GMT

OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply, reports Trend referring to Reuters.

Second US-Azerbaijan Agricultural Forum to be held in Oklahoma

2019.08.14 16:21 GMT

The inaugural Oklahoma-Azerbaijan Agricultural Forum will be held in Oklahoma City, Oklahoma on November 6-8. The forum will bring together experts, private sector executives/representatives, agribusiness manufacturers, as well as government agricultural authorities from the state of Oklahoma and Azerbaijan to share best practices and explore partnership and investment opportunities in both economies.

Azerbaijan, Russia, Iran agree on joint development of feasibility study for North-South project

2019.08.14 15:17 GMT

On August 12, Russia, Azerbaijan and Iran entered into an agreement on the joint development of a feasibility study for a project to create a North-South energy corridor between the energy systems of the three countries, Trend reports referring to Russia’s System Operator of the Unified Energy System JSC.

Azerbaijan continues large-scale reconstruction of road infrastructure

2019.08.09 18:17 GMT

The construction of the Gushchu-Chovdar-Chaykend highway in Azerbaijan, which begins on the 27th kilometer of the Ganja-Dashkasan highway, is underway, Trend reports referring to State Agency of Azerbaijan Automobile Roads.

Oil rises more than 2% on firm yuan, expectations of more OPEC cuts

2019.08.08 19:51 GMT

Oil jumped more than 2% on Thursday on expectations that falling prices could lead to production cuts, coupled with a steadying of the yuan currency after a week of turmoil spurred by an escalation in U.S.-China trade tensions, APA reports quoting Reuters.

Chairman, board members appointed at Azerbaijani Innovation Agency

2019.08.08 17:11 GMT

A chairman and board members of the Innovation Agency under the Azerbaijani Ministry of Transport, Communications and High Technologies have been appointed upon the order of Azerbaijani President Ilham Aliyev, the ministry told Trend on Aug. 8.

Azerbaijan’s SME Development Agency supports entrepreneurs dealing with beekeeping

2019.08.07 16:58 GMT

In response to an appeal from entrepreneurs dealing with beekeeping, the Azerbaijani Agency for the Development of Small and Medium-sized Enterprises (SMEs) supported them in placing bee colonies in Kish village of Shaki district, the Agency told Trend on Aug. 7.

Azerbaijan names most productive districts

2019.08.07 15:24 GMT

The harvesting of grain and leguminous crops is under completion in Azerbaijan, Trend reports.

Russia’s Tyumen entrepreneurs eye to establish partnership in Azerbaijan

2019.08.06 14:40 GMT

Businessmen from Russia’s Tyumen city, who will be in Baku from August 11-16, intend to establish ties with potential partners from Azerbaijan, Trend reports referring to Russian media outlets.

Azerbaijan, Iran eye to further develop economic co-op

2019.08.05 18:40 GMT

Iranian companies are expanding their activity in Azerbaijan in such spheres as an industry, construction, services, communications, trade, transport, and agriculture thanks to the favorable business environment, Trend reports referring to the Azerbaijani Ministry of Economy.

Azerbaijani, Korean supreme audit institutions discuss co-op

2019.08.05 17:01 GMT

Chairman of the Supreme Audit Institution of the Republic of Korea sent a letter to the head of the Azerbaijan Chamber of Accounts Vugar Gulmammadov with a request to support his candidacy in the upcoming election to the UN board of auditors, Trend reports referring to the chamber.

Azerbaijani manufacturers to be able to export their products to European market free of charge

2019.08.05 15:43 GMT

The producers of Azerbaijan will be able to export their products to the European market freely, a source, acting in the electron trade field, told APA-Economics.

Repair works at Azerbaijan TPP nearing completion

2019.08.05 15:34 GMT

Repair works at the 5th, 6th, 7th and 8th units of the Azerbaijan Thermal Power Plant (Azerbaijan TPP) in the city of Mingachevir, the largest thermal power plant in the South Caucasus region, are nearing completion, Trend reports referring to Azerenergy.

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