Minister: Azerbaijan eyes to achieve maximum economic interaction with Pakistan

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More from Economy

Azerbaijani president allocates AZN 150mln for Baku-Guba-Russian Federation highway

19.02.2018 21:53 GMT

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Azerbaijani President Ilham Aliyev has signed an order on the construction of the Baku-Guba-Russian Federation highway, APA reported.

TAP Managing Director: “Trans Adriatic Pipeline is 2/3 completed”

16.02.2018 20:28 GMT

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The Trans Adriatic Pipeline (TAP) is now two thirds completed. This includes all engineering, procurement and construction scope, announced TAP Managing Director Luca Schieppati at the 4th Southern Gas Corridor (SGC) Advisory Council in Baku, Azerbaijan.

Azeri-Chirag-Gunashli produces 215 million barrels of oil in 2017

16.02.2018 19:45 GMT

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Total Azeri-Chirag-Gunashli (ACG) production for the year was on average 588,000 barrels per day (b/d) (about 215 million barrels or 29 million tonnes in total) from the Chirag (51,000 b/d), Central Azeri (137,000 b/d), West Azeri (124,000 b/d), East Azeri (82,000 b/d), Deepwater Gunashli (117,000 b/d) and West Chirag (77,000 b/d) platforms, according to BP.

Baku airport’s activity unaffected by heavy fog

16.02.2018 19:38 GMT

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Heavy fog presently observed in Baku didn’t affect the activity of the Heydar Aliyev International Airport, the airport told Trend Feb. 16.

SGC project being implemented ahead of schedule - BP

16.02.2018 15:59 GMT

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The Southern Gas Corridor (SGC) project is being implemented ahead of schedule, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said during a press conference in Baku Feb. 16.

Azerbaijan increases gasoline and diesel production this year

16.02.2018 11:23 GMT

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In January 2018, Azerbaijan manufactured oil products worth AZN 216,800,000, down 1.2% from previous year.

Trans Adriatic Pipeline 2/3 completed

16.02.2018 10:24 GMT

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The Trans Adriatic Pipeline (TAP) is now two thirds completed, TAP Managing Director Luca Schieppati said at the 4th Southern Gas Corridor (SGC) Advisory Council in Baku.

Energy minister talks on Azerbaijan’s oil and gas strategy

16.02.2018 00:13 GMT

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Azerbaijan's oil and gas strategy is to continue to remain a reliable partner, Azerbaijani Energy Minister Parviz Shahbazov said.

Azerbaijani President: "The SGC is a main element of the strategy that helps us to diversify our economy"

15.02.2018 23:17 GMT

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The Southern Gas Corridor project is one of the key elements of Azerbaijan's energy strategy, which is very successful and is helping Azerbaijan to diversify its economy, Azerbaijan’s President Ilham Aliyev said at the Fourth Ministerial Meeting of the Southern Gas Corridor Advisory Council in Baku, APA reports.

Sefcovic: EU ready to mull possibility of connecting Iran to SGC

15.02.2018 19:37 GMT

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‘Our main goal is to ensure transparency in relations among the sides participating in field of the energy supply’, European Commission Vice-President for Energy Union Maros Sefcovic said at the press conference dedicated to the 4th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council.

Economic growth in Azerbaijan makes up 2% in January

15.02.2018 19:22 GMT

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In January 2018, the Gross Domestic Product (GDP) made up AZN 6,049,500,000, up 2% from previous year, said a statement from the State Statistical Committee.

Baku hosts next meeting of Azerbaijan-Qatar intergovernmental commission

15.02.2018 16:51 GMT

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The next session of Azerbaijan-Qatar Joint Economic, Trade and Technical Intergovernmental Commission has been held in Baku.

State program on improvement of official statistics in 2018-2025 approved

14.02.2018 21:18 GMT

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Azerbaijani president Ilham Aliyev has issued an order on approval of “The State Program on Improvement of the Official Statistics in the Republic of Azerbaijan in 2018-2025”.

Azerbaijani National Fund for Entrepreneurship Support accepts projects in Gazakh district

14.02.2018 21:02 GMT

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The National Fund for Entrepreneurship Support under Azerbaijan’s Economy Ministry has started to accept investment projects on priority areas of the development of Azerbaijan’s Gazakh district, the Azerbaijani Economy Ministry said in a message Feb. 14.

Azerbaijani president allocates AZN 700,000 for supplying Jojug Marjanli’s sowing areas with irrigation water

14.02.2018 19:27 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on additional measures for supplying sowing areas of Jojug Marjanli village of Jabrayil district with irrigation water.

Fitch forecasts increase in economic growth rate in Azerbaijan

14.02.2018 19:16 GMT

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BMI Research, which is part of Fitch Group, has announced its forecast on economic growth in Azerbaijan for next two years.

President Aliyev approves state program on development of citrus fruit growing

13.02.2018 21:12 GMT

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Azerbaijani President Ilham Aliyev has signed an order approving the state program for development of citrus fruit growing for 2018-2025.

Azerbaijan talks on threat of bird flu in country

13.02.2018 20:00 GMT

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Bird flu outbreaks in neighboring countries pose no threat for Azerbaijan, the State Veterinary Service under Azerbaijan’s Agriculture Ministry said Feb. 13.

Ilham Aliyev: Talks on new fields with world’s leading companies enter active phase

13.02.2018 19:58 GMT

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Azerbaijan’s energy projects are not confined to Shah Deniz-2, President of Azerbaijan said during a meeting with a delegation led by Wolfgang Büchel, Chairman of the Eastern Committee of the German Economy, APA reports.

Heydar Aliyev International Airport served 305,000 passengers since early 2018

13.02.2018 16:22 GMT

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Since the beginning of 2018 the Heydar Aliyev International Airport has served 305,000 passengers that is by 19% more versus the 2017 same term index.

BP and partners invest $69B in Azerbaijan’s economy

13.02.2018 15:30 GMT

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BP and its partners invested $69 billion in Azerbaijan’s economy during 25 years, BP-Azerbaijan Vice-President Bakhtiyar Aslanbayli said at the “Taxes. Transparency. Development” conference.

Minister: We are aware of tax avoidance cases by foreign companies

13.02.2018 14:28 GMT

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Difference should be drawn between honest and dishonest tax payers, Minister of Taxes Mikayil Jabbarov said at the “Taxes. Transparency. Development” conference.

Ilham Aliyev approves State Program for Development of Tea Industry

12.02.2018 19:33 GMT

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Azerbaijani President Ilham Aliyev signed an order Feb. 12 approving the State Program for the Development of Tea Industry for 2018-2027.

Azerbaijan allocates 19.5mln manats for construction of kindergartens in districts

12.02.2018 19:29 GMT

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Azerbaijani President Ilham Aliyev has signed an order on measures for the construction of kindergartens in districts, APA reports.

Moody’s expects economy to grow 1.5% in Azerbaijan in 2018

12.02.2018 14:43 GMT

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The rebound in oil prices since early 2017 has contributed to a stabilization in Azerbaijan's economy, Moody’s said in its report.

Azerbaijan's Central Bank to switch to new fiscal and monetary rules

12.02.2018 12:20 GMT

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The Central Bank of Azerbaijan will switch to new fiscal and monetary rules.

Central Bank of Azerbaijan reduces discount rate to 13%

12.02.2018 11:44 GMT

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Management Board of the Central Bank of Azerbaijan has today made a decision on reduction of discount rate from 15% to 13%, upper limit of interest rate corridor from 18% to 16% and lower limit from 10% to 8%.

Russia’s Ingushetia may transport drinking water to Qatar via Azerbaijan

10.02.2018 16:43 GMT

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Russia’s Ingushetia is discussing possible ways of transporting drinking water to Qatar, Yunus-bek Yevkurov, head of Ingushetia, who is on a working visit to St. Petersburg, told TASS news agency.

Railway line to be laid to Gabala airport

10.02.2018 12:27 GMT

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Azerbaijan Railways is to construct railroads in new directions.

Azerbaijani MPs to take part in WTO event

10.02.2018 10:35 GMT

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Milli Majlis deputies Tahir Mirkishili and Kamran Nabizadeh will participate in a seminar for parliamentarians from Central and Eastern Europe, Central Asia and the Caucasus from February 12 to 16, in Austria.

Saratov Airlines to carry out Ufa-Baku-Ufa flight

10.02.2018 10:22 GMT

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New Ufa-Baku-Ufa flight will be carried out by "Saratov Airlines" company, UfacityNews.ru reports.

Rise in US oil rigs push Brent oil below $62

10.02.2018 00:24 GMT

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Brent crude fell below $62 Friday after the number of oil rigs in the U.S. showed a sharp increase, APA reports quoting Anadolu Agency.

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