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Malaysian tourism companies keen on expanding cooperation with Azerbaijan

2019.12.07 20:24 GMT

Representatives of 220 Malaysian tourism companies continue their visit to Azerbaijan, AzerTag reports.

Azerbaijan to reduce daily oil production by 7 thousand barrels

2019.12.06 16:05 GMT

A decision has been adopted to reduce daily oil production by more than 500 thousand barrels in the first quarter of 2020 at the VI Meeting of Ministers of the OPEC Member States and the Non-Member States in Vienna, Azerbaijani Energy Ministry told APA.

Azerbaijani Finance Ministry to put bonds up for sale

2019.12.05 19:38 GMT

An auction on placement of bonds of the Ministry of Finance will take place.

Azerbaijan, Germany to continue joint manager training program

2019.11.29 17:23 GMT

An agreement was reached between Azerbaijan and Germany to continue the German-Azerbaijani joint program to improve skills of managers in Azerbaijan’s business community, Azerbaijan’s Deputy Economy Minister Niyazi Safarov said.

North-South International Transport Corridor to decrease rail transport time

2019.11.28 17:41 GMT

In accordance with the studies, the North-South International Transport Corridor at current prices will save from 30 to 40 percent of the cost and 50 percent of the rail transport time, Indian extraordinary and plenipotentiary ambassador to Azerbaijan Bawitlung Vanlalvawna said.

SOCAR Petroleum signs deal to build new filling station for diesel fuel, LNG

2019.11.28 15:32 GMT

The Xaliq Faiqoğlu company and the SOCAR Petroleum closed joint-stock company signed a cooperation agreement, Trend reports with reference to Xaliq Faiqoğlu company.

Azerbaijan attends 35th Ministerial Session of OIC Standing Committee for Economic and Commercial Cooperation

2019.11.27 17:06 GMT

The 35th Ministerial Session of the Standing Committee for Economic and Commercial Cooperation of the Organization of Islamic Cooperation (COMCEC) has kicked off in Istanbul, Republic of Turkey.

AZN 3,9 mln allocated for major overhaul of automobile roads in Khirdalan

2019.11.27 15:26 GMT

The President of the Republic of Azerbaijan Ilham Aliyev has today signed an Order regarding measures to a major overhaul of roads in Khirdalan city, APA reports.

Azerbaijan’s State Customs Committee: Inspections of goods reduced by 70%

2019.11.26 17:34 GMT

A meeting was held between the leadership of Azerbaijan’s State Customs Committee and members of the Azerbaijan-France Chamber of Commerce and Industry, Trend reports Nov. 26 referring to the State Customs Committee.

SOCAR Petroleum commissions new filling station in Azerbaijan

2019.11.26 16:57 GMT

A new filling station of SOCAR brand has been commissioned on a section of the Yevlakh-Zagatala highway passing through Chaygaragoyunlu village in Azerbaijan’s Sheki district, Trend reports referring to SOCAR Petroleum.

Compulsory medical insurance in Azerbaijan may be applied in stages in 2020

2019.11.26 16:12 GMT

One of the proposals as part of the implementation of the draft law “On medical insurance” in Azerbaijan is the phased application of compulsory medical insurance in the country in 2020, Head of the Center for Assistance to Economic Initiatives, Azerbaijani economy expert Azer Mehdiyev told Trend Nov. 26.

Business leaders in Azerbaijan discuss embedding UN Global Compact principles and SDGs into their operations and strategies

2019.11.26 15:20 GMT

The role of business in delivering the 2030 Agenda for Sustainable Development was the focus of the UN-organized conference that brought together some 80 participants from the government agencies, businesses, international organizations, civil society, and the media.

Azerbaijan’s ASAN Pay system to accept mortgage loan payments

2019.11.25 18:30 GMT

Along with people in Azerbaijan may pay the guarantee fees on annuity, insurance, and mortgage loans issued through the Mortgage and Credit Guarantee Fund via the ASAN Pay system from Nov. 25, Trend reports referring to the Fund.

Amendments to Azerbaijani Tax Code approved

2019.11.25 13:40 GMT

The amendments to the Tax Code were discussed at the meeting of the Azerbaijani parliament, chairman of the parliamentary committee on economic policy, industry and entrepreneurship Ziyad Samadzade said.

EBRD: US $2 million donor contribution from Azerbaijan to boost investments

2019.11.22 15:32 GMT

Green municipal infrastructure investments in Azerbaijan are set to get a boost thanks to the country’s participation in the Eastern Europe Energy Efficiency and Environment Partnership (E5P), APA reports citing EBRD.

Minister: Azerbaijan, Russia to develop additional roadmap in innovations sphere

2019.11.22 15:30 GMT

Azerbaijan and Russia will develop an additional roadmap in the field of innovations, Azerbaijan’s Economy Minister Mikayil Jabbarov said at the opening of the 10th Russia-Azerbaijan Interregional Forum in Moscow, Trend reports Nov. 22.

Azerbaijan and India mull launching of direct flights

2019.11.21 17:13 GMT

Azerbaijan and India are holding the negotiations on the resumption of direct and charter flights, Azerbaijani Deputy Minister of Ecology and Natural Resources Novruz Guliyev said.

Azerbaijan doubles solar power production

2019.11.20 18:53 GMT

The production in the sector of electric power, gas and steam production, distribution and supply amounted to AZN 1,606,300,000 in January-October 2019, up 2.4% from 2018, Report informs citing the State Statistical Committee.

Import of Russian grain triples in Azerbaijan

2019.11.19 18:03 GMT

Some 857,000 tons of grain and cereals have been imported from Russia to Azerbaijan since the beginning of the second half of 2019, which is three times more than in the same period of 2018, Trend reports on Nov. 19 referring to the Russian media outlets.

Azerbaijan reduces oil production by 3%, increases gas production by 28%

2019.11.19 16:27 GMT

The total amount of production in the mining and extraction industry during January-October of this year equaled to AZN 26.8 billion and remained stable as compared to January-October of the previous year, APA-Economics reports citing the State Statistics Committee.

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