National bureau: Azerbaijan’s Basgal settlement to become big tourist center

W1siziisijiwmtgvmtavmtgvmtkvmzcvntmvmjvmn2nlzmmtndmzmy00yzzllwi5zgmtyzm1yznhmja2owezl2jhc3fhbf8xodewmtguanbnil0swyjwiiwidgh1bwiilcizntb4mjcwiyjdxq?sha=830120d514beab28 W1siziisijiwmtgvmtavmtgvmtgvmtavmzevzdixnjlmngetzmy1yy00ndhhlwi3ztqtyzziytnlntu1odaxlze1mzk4ndq4nde1ote1mze5nte2xzewmdb4njy5lmpwzwcixsxbinailcj0ahvtyiisijm1mhgynzajil1d?sha=ed434ca15817a2ec W1siziisijiwmtgvmtavmtgvmtuvntivmzcvyjqwzdqymdktzmu3ny00nmu1lwi4yzutmtdhotk2owy5mmrkl1fpemlsywdhy19xb3j1z3vfmjgwnjeylmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=f9c39204b4dbfa03 W1siziisijiwmtgvmtavmtcvmjavmtuvntavndcznwjkmdytndgyny00zdfhlwjjmtutngi3ntgxmgq0ytjhlze1mzk3ntk3njy1otiyode5mzm0xzewmdb4njy5lmpwzyjdlfsiccisinrodw1iiiwimzuwedi3mcmixv0?sha=a574e55b49c7587b W1siziisijiwmtgvmtavmtcvmtgvndgvmdevyzq0zjzlnwqtnzrkmy00yzc4ltkwodgtzwvhnjq4odzimdawlze1mzk3ntgymzc2mzkymzc3ndvfmtawmhg2njkuanbnil0swyjwiiwidgh1bwiilcizntb4mjcwiyjdxq?sha=7ff45d4ebf88cac1

More from Economy

Azerbaijan to introduce European hotel classification

14.08.2018 23:29 GMT

W1siziisijiwmtgvmdgvmtqvmjmvndkvntkvy2i5ntbinwytmmvhms00ngq3lthindutmwvmnddkzjljzdzll3rlzgjpcl8xnda4mthfkdeplmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=ed38e494c21af910
European hotel classification will be introduced in Azerbaijan, Vice President of the umbrella Association of Hotels, Restaurants, Pubs and Cafes and similar establishments in Europe (HOTREC) Akos Niklai said at a press conference in Baku Aug. 14.

New fund created in Azerbaijan

14.08.2018 15:57 GMT

W1siziisijiwmtgvmdgvmtqvmtyvmdavmjyvotm2zdc2zjqtyti0zc00yzjkltg1yjktntqwotuyodhlnmu1l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=4f7251105d881558
The State Fund for Labor Protection will be established under the Ministry of Labor and Social Protection of Azerbaijan.

Azerbaijan adds another person to its anti-terrorist list

14.08.2018 11:47 GMT

W1siziisijiwmtgvmdgvmtqvmtevntavmzuvy2qzmguyymutyzy0nc00yzbiltgxyjktmta4mzfknwzhzmy2l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=60079e00bcc3ae97
The list is updated in accordance with the UN Security Council’s decisions and the information received from regional organizations.

Precious metals dropping in price in Azerbaijan

14.08.2018 10:36 GMT

W1siziisijiwmtgvmdgvmtqvmtavmzgvmtavogfkodiymjktoguxmc00nzi5ltk3mzgtogjmymqxzdzmnjhkl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=42c18f9c405f02c4
The prices for precious metals have decreased in Azerbaijan, according to the data published by the country’s Central Bank.

Azerbaijani oil prices declines on markets

14.08.2018 10:07 GMT

W1siziisijiwmtgvmdgvmtqvmtavmdkvmduvnwqxytmxywitmgfkmc00ntm1ltkxmmitnzdjyjg4zmm3zmvjl29pbc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=a82464bfa244701f
Price of Azerbaijani Azeri LT CIF crude oil put up for sale on world markets decreased by $ 0,33 or 0,45 %.

Iran begins negotiations for electricity supply to Russia through Azerbaijan

13.08.2018 23:36 GMT

W1siziisijiwmtgvmdgvmtmvmjmvntivndqvn2rly2m2odetmme0zc00mwq3lwe0m2mtmwy3zgflowyznddhl2vuzxjnev8xmjewmtyuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=aba9844c6be45026
Iran is negotiating with Azerbaijan for the transit of electricity through the country to Russia, Iranian Energy Minister Reza Ardakanian told Iranian media on August 13.

Brent prices to significantly run up by late 2018

13.08.2018 22:54 GMT

W1siziisijiwmtgvmdgvmtmvmjivntyvmjevzdq1yjg4zdmtyjk1ys00yze4ltgyodgtndg5zgq1zjmxmmnjl29pbf9wcmljzxnfmdewmzezlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=1c5d6d9b925fbdbe
Brent prices will significantly rise by late 2018. Fitch Solutions (part of Fitch Group) said in its report obtained by Trend.

Moody's: Azerbaijan's GDP to grow by 3 percent

13.08.2018 16:23 GMT

W1siziisijiwmtgvmdgvmtmvmtyvmzivntgvzda0odg2m2etoti0mc00m2jjltlhntmtzde0ztexmdjiotezl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=97fe5d10bf7142ed
Azerbaijan's Ba2 Stable credit rating reflects the country's total public debt, secured guarantees and at the same time the vulnerability of the banking sector.

Precious metals drop in price in Azerbaijan

13.08.2018 12:30 GMT

W1siziisijiwmtgvmdgvmtmvmtivmzevntmvntgwzti4mtqtmju2nc00nty3ltgxnjutnje5y2jjmzrindbkl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=6fa23f2c5629d1a2
The prices for precious metals have decreased in Azerbaijan August 13, according to the data published by the country’s Central Bank.

Creation of transport and logistics center in the Caspian Sea initiated

13.08.2018 09:08 GMT

W1siziisijiwmtgvmdgvmtmvmdkvmtkvntuvmtgzzdgwztmtyzmwoc00ymqxlwexntutndvlognizwe4nzg5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=61910cba1ad19f45
President of Turkmenistan Gurbanguly Berdimukhamedov proposed to create a transport and logistics center in the Caspian Sea.

Italy was Azerbaijan’s main export market in seven months of this year

11.08.2018 20:18 GMT

W1siziisijiwmtgvmdgvmtevmjavmjivmzevmwrjnmqzmjitndqznc00mze5ltg2yjutogzhyzjkytdkzju1lze1mzm5odi4mzmymjy0mtmxote5xzewmdb4njy5lmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=c7ec0dfdbdef3d5e
Italy was Azerbaijan’s main export market in January-July of this year, according to the State Customs Committee. The volume of export with Italy made $1.908 billion, official figures suggest.

Azerbaijan may export textile to European markets

11.08.2018 10:16 GMT

W1siziisijiwmtgvmdgvmtevmtavmtgvntavnwfkngiyyjctzmy1yy00ztbiltk1nditnjfizwrkyte0yjyzl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=84edcb9be54c3a16
Azerbaijani textile producers are planning to enter the European, in particular the Baltic market, through the recently opened trading house in Latvia, head of the Textile Producers and Exporters Association and CEO at Gilan Textile Park Mehriban Akhundova told Trend.

Azerbaijani entrepreneurs want to develop relations with Tajikistan in ICT, agriculture

11.08.2018 09:26 GMT

W1siziisijiwmtgvmdgvmtevmdkvmjgvntkvmdjjztuzzjqtoddins00ndq3lwezngmtmdmyyjgxnjk0ztc1l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=b28e480103a3bdb0
Relations between Azerbaijan and Tajikistan are developing successfully in all areas, Azerbaijani Economy Minister Shahin Mustafayev said Aug. 10 during an Azerbaijani-Tajik business meeting.

Restoring Baku tram system to be discussed with state organizations

10.08.2018 19:39 GMT

W1siziisijiwmtgvmdgvmtavmjavmdivndkvzmexyzc2m2ytnzm0mi00mwu5lwi1zditodvly2nhytkxyzk0l3ryyw12yxlfmtgwnzezlmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=7125cd58bb5b5dc8
Discussions on the restoration of tram system within the master plan of Baku will be held with relevant state organizations, Chairman of the State Committee for Architecture and Urban Development Samir Nuriyev told Trend on Aug. 10.

Kommersant: Russians show increased interest in visiting Azerbaijan

10.08.2018 15:38 GMT

W1siziisijiwmtgvmdgvmtavmtuvndavmdyvmja4ztiznmmtnjuyoc00ndbilwexntatmwu2mmvkmjnhywfll2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=22ad25089cbaf187
82,700 travelers from Russia visited Azerbaijan last year.

Azerbaijan fulfills its obligations within OPEC/NOPEC

10.08.2018 14:12 GMT

W1siziisijiwmtgvmdgvmtavmtqvmtyvntevn2q2nznlmjatoddkyi00n2ewlwfkngutowm0zgqyyza0mzc4l29pbc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=2a409503f41b5da6
The daily volume of oil output in Azerbaijan for July 2018 totaled 773,000 barrels, including 728,000 barrels accounted for crude oil and 45,000 barrels - for condensate.

ABA Expert Group has new appointment

10.08.2018 13:59 GMT

W1siziisijiwmtgvmdgvmtavmtqvmdmvmtgvzty3nwnhnmqtywfims00otrkltk2m2itowu2zjjhmde4zmq1l0lnr185mtg4ignvchkuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=699652ca9be9ad13
The next August meeting of the Expert Group on "IT and IT security" of the Azerbaijan Banks Association has been held.

Azerbaijani oil price soars on markets

10.08.2018 11:10 GMT

W1siziisijiwmtgvmdgvmtavmtevmjuvmzqvyzkznweyndmtmjflmy00ytc0ltgyntctmznlyty2nzixzdfml29pbc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=080eb3ef398e499b
Price of Azerbaijani Azeri LT CIF crude oil put for sale on world markets soared by $ 0,23 or 0,31%.

Russia's LiAZ eyes to start bus deliveries to Azerbaijan

10.08.2018 00:04 GMT

W1siziisijiwmtgvmdgvmtavmdevmtkvntyvzgnknzuwntetnzkxoc00nwexlwflogqtodkyzwjhyzywodi4l2xpyxpfynvzxza5mdgxoc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=b6a99b2cbc695c30
Likinskiy Bus Plant (LiAZ) intends to arrange the supply of buses to Azerbaijan, Corporate Sales Development Director of GAZ Group Nikolay Odintsov said in an interview with the official website of the government of the Moscow Region.

Azerbaijan`s Ministry of Energy, Caspian European Club extending cooperation

09.08.2018 23:20 GMT

W1siziisijiwmtgvmdgvmtavmdavmtuvndcvnzbhztizngetmdi4mi00nmriltk4zwqtzti3nge1n2q1njnll2nhc3atlte1mzm4mty4odeuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=f63a044a17a208d6
Minister of Energy of Azerbaijan Parviz Shahbazov has met a delegation of the Board of the Caspian European Club headed with First Deputy Chairman and Chief Executive Officer Telman Aliyev.

Customs contributions to Azerbaijan's state budget up by third

09.08.2018 19:15 GMT

W1siziisijiwmtgvmdgvmdkvmtkvmtcvmjivm2fmntazyjatnjm5os00m2izltg1mtktotk3njvlnji5ogfml3ryzw5kx2n1c3rvbxnfy29tbwl0dgvlx2j1awxkaw5nxzizmdewos5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=5dcf2a0dae655452
The State Customs Committee (SCC) of Azerbaijan transferred 1.94 billion manats to the state budget in January-July 2018, which is 32.2 percent higher than in the same period in 2017, the SCC said in a statement Aug. 9.

Demand for US dollar decreases in Azerbaijan

09.08.2018 19:02 GMT

W1siziisijiwmtgvmdgvmdkvmtkvmdqvmtyvndriy2flmtktnmu1yy00zgu5ltg0mmutndnkyja4ymyymdmyl2rvbgxhcl8yndexmtyuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=34017a4cf3fd1352
After a currency auction of the Central Bank of Azerbaijan (CBA) held on Aug. 9 with the participation of the State Oil Fund, the average rate of the Azerbaijani manat to the US dollar was formed at 1.7 AZN/USD, the CBA said in a statement.

SOCAR buys German energy giant's assets in Turkey

09.08.2018 15:59 GMT

W1siziisijiwmtgvmdgvmdkvmtyvmdmvmjgvmde0ytbhztqtmgfjms00mjm5lwfhmzatownkzja3zmrhmtc4l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=e65b826c90243c15
The German giant EWE AG company is preparing to withdraw from the energy market of Turkey and to sell its share in gas distribution companies Bursagaz AS and Kayserigaz AS.

Azerbaijan sees decrease in annual inflation

09.08.2018 15:48 GMT

W1siziisijiwmtgvmdgvmdkvmtuvntqvmtgvztbiywmzzdgtotc2zi00yjjjltgzmjktzdjlyjbjywi2ywyyl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=2d9566f312529f0d
In January-July, 2018 prices for consumer goods and services increased by 2,8% compared with the corresponding period of 2017.

CBA holds another currency auction

09.08.2018 15:13 GMT

W1siziisijiwmtgvmdgvmdkvmtuvmtuvmzqvyza3yjgznzctyjzimc00mgm0ltg3ytgtmjjmnjqxytg1yta5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=f5daee4b0e25c523
The central bank has held a currency auction with the participation of the State Oil Fund of Azerbaijan.

Heydar Aliyev International Airport serves over 2.5 million passengers

09.08.2018 14:30 GMT

W1siziisijiwmtgvmdgvmdkvmtqvmtivmtuvmde2zte2otytmthkzc00zgq5lwi2mgqtmdm4zwyzmwy0ztqyl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=76de4a956d3f3fdb
During the first 7 months of 2018, Heydar Aliyev International Airport served 2.5 million passengers.

Azerspace-2 satellite delivered to Kourou cosmodrome

09.08.2018 11:20 GMT

W1siziisijiwmtgvmdgvmdkvmtevmjcvmjcvzdkwyti1zjutntzhos00zmvmlwixmdctnmezymnmmjjhyji5l2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=3f8129803fc9ee78
Azerspace-2 satellite to be launched in September this year, was delivered to the Kourou cosmodrome in French Guiana.

SOCAR Trading unveils plans for LNG market

09.08.2018 09:16 GMT

W1siziisijiwmtgvmdgvmdkvmdkvmtgvmtevodjkotvkntitmgizys00ywy0lwi3nwitzwnlzdcwndc4yzqwl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=0ce427aa24e1b812
SOCAR Trading SA, a trading house of Azerbaijan's state oil company SOCAR, supplied more than 12 cargoes of liquefied natural gas (LNG) for a gas power plant in Malta, SOCAR Trading SA told Trend.

Russia highly assesses Azerbaijan's efforts within the framework of NSTC

08.08.2018 19:13 GMT

W1siziisijiwmtgvmdgvmdgvmtkvmtyvmzyvzgzmoge2mdktngfjys00zgmyltk3otqtnzjioge0ztjkzwu3l3f1cmjhbm92x3rlzgjpcl8woda4mthfmdmuanbnil0swyjwiiwidgh1bwiilciyndb4mtgwiyjdxq?sha=f31852ac2c68d111
The first stage of the work on the International North-South Transport Corridor has been completed, and the part of the corridor in the territory of Azerbaijan is ready for full operation, Javid Gurbanov said at a meeting with Alan Lushnikov Deputy of Transport Minister of the Russian Federation.

New head of physical crude trading appointed in Azerbaijan’s SOCAR Trading

08.08.2018 19:09 GMT

W1siziisijiwmtgvmdgvmdgvmtkvmtevndavodnly2rhotetnzbkoc00mdywlwi0ymmtmjq2ndnlnzi3y2ixl3nvy2fyx2xvz29fbmv3xziwmdkxnc5qcgcixsxbinailcj0ahvtyiisiji0mhgxodajil1d?sha=79477b2211748257
The trading arm of Azerbaijan’s state oil company SOCAR promoted Dario Striano to head its global physical crude trading, Reuters reported citing the sources familiar with the matter.

UAE residents can now get visa to Azerbaijan on arrival

08.08.2018 16:43 GMT

W1siziisijiwmtgvmdgvmdgvmtyvndqvmzgvodhhzdvmnjmtzgrmmy00y2e2lwe5n2utmzzioddhnzu0yzcwl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=c673b28addce1fce
A ruling from last month means that UAE residents visiting Azerbaijan can now easily get a visa on arrival (previously, visas had to be obtained from the Embassy of Azerbaijan), according to thenational.ae.

SGC receives waiver from US sanctions against Iran's energy customers

08.08.2018 15:57 GMT

W1siziisijiwmtgvmdgvmdgvmtuvntkvmdkvotdmzmflywytnmy3ny00mzm4lwi1ngqtodbhyjzkmdjmnmywl2ltywdllmpwzyjdlfsiccisinrodw1iiiwimjqwede4mcmixv0?sha=15545ee86302f613
The Southern Gas Corridor has received a waiver from US sanctions against Iran's energy customers, S&P Global Platts reported.

Top Read Articles

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook

Real estate