SOCAR: Kulevi Port received more than 2,200 vessels

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More from Economy

International volunteers study Azerbaijan’s ASAN experience on service of citizens

20.07.2018 15:51 GMT

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The ASAN centers are holding practical trainings for foreign volunteers.

Minister: Italian companies invest about $530M in Azerbaijan

20.07.2018 12:56 GMT

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"Azerbaijan is interested in the actualization of the existing potential and development of economic relations between the countries."

Azerbaijani oil price grows

20.07.2018 10:27 GMT

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Azerbaijani oil has surged by more than $1.

Alternative energy sector in Azerbaijan to receive benefits - agency

19.07.2018 22:09 GMT

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Companies participating in the development of alternative energy in Azerbaijan will receive tax and customs benefits, Jamil Malikov, deputy chairman of Azerbaijan’s State Agency on Alternative and Renewable Energy Sources, said at the Azerbaijani-Italian business forum in Baku July 18.

Azerbaijan eyes co-op with Italy in green technology sphere

19.07.2018 11:16 GMT

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Azerbaijan invites Italian companies operating in the field of "green technologies" to implement projects in the country, Deputy Minister of Economy of Azerbaijan Rufat Mammadov told reporters.

Baku hosts Azerbaijan-Italy business forum

19.07.2018 10:50 GMT

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Azerbaijan-Italy business forum was held at the Heydar Aliyev Center on July 19, APA reported.

President: Nearly $250 billion invested in Azerbaijan during past fifteen years

18.07.2018 19:25 GMT

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As a result of launch of polypropylene plant and launch of polyethylene plant at the end of the year, Azerbaijan’s export potential will increase significantly. Both plants will produce 300,000 tonnes of products every year and 70% of these products will be exported.

SOCAR Polymer Plant opens in Sumgayit

18.07.2018 15:28 GMT

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The opening of a plant built within the framework of the SOCAR Polymer project was held on the territory of the Sumgait chemical industrial park.

Azerbaijan may launch new joint projects with FAO

18.07.2018 09:11 GMT

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FAO and the government of Azerbaijan signed a partnership program for 2016-2020 in November 2016.

Launch date of polypropylene plant within SOCAR Polymer project announced

18.07.2018 00:40 GMT

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Azerbaijan’s Sumgait city will host the official opening ceremony of the polypropylene plant as part of the SOCAR Polymer project on July 18, a source in the Azerbaijani government told Trend July 17.

Azerbaijan to switch to floating manat rate regime in 2020

17.07.2018 19:48 GMT

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The full transition to the floating manat exchange rate regime in Azerbaijan is planned to be implemented in 2020, according to the report on the implementation of measures reflected in the Strategic Road Map for the prospects of Azerbaijan’s national economy for 2017, APA-Economics reports quoting Trend.

Azerbaijani President issues order on execution of SOFAZ 2017 budget

17.07.2018 19:22 GMT

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Azerbaijani President has issued an order on execution of SOFAZ budget for 2017.

Azerbaijani newspapers to receive one-time financial assistance

17.07.2018 17:40 GMT

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President Ilham Aliyev has today signed an order providing one-time financial assistance to newspapers published in Azerbaijan.

Azerbaijan Airlines honored with one more prestigious Skytrax Award

17.07.2018 17:22 GMT

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Azerbaijani national air carrier was once again confirmed the prestigious "4 Star" rating by the world’s leading assessor of airline and airport service quality British consulting company Skytrax.

More tourists from Persian Gulf countries choose to visit Azerbaijan

17.07.2018 14:26 GMT

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1.325 million foreigners and stateless persons from 189 countries visited Azerbaijan In January-June 2018.

Fines for violation of road crossing rules increased for pedestrians in Azerbaijan

17.07.2018 14:03 GMT

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A fine of AZN 40 will be imposed on pedestrians for violating rules of crossing highways with a speed limit of 80 km/h or above in Azerbaijan.

Competition Authority to be established in Azerbaijan

17.07.2018 13:53 GMT

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In order to increase the government’s leading role in creation of favorable business environment, draft decree of Azerbaijani President was prepared on establishment of Competition Authority.

Azerbaijani oil price drops

17.07.2018 10:47 GMT

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Azerbaijan's oil price has decreased.

SOFAZ unveils revenues in first half of 2018

17.07.2018 10:32 GMT

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The revenues from managing SOFAZ’s assets for January-June 2018 amounted to 508.0 mln. manats.

Cargo turnover on Trans-Caspian route to significantly increase by 2020

17.07.2018 09:44 GMT

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The cargo base focused on the route is represented by the markets of Kazakhstan’s European, Chinese and Turkish trade partners.

President Aliyev tightens control over electricity, heat, as well as gas supply

16.07.2018 23:20 GMT

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Azerbaijani President Ilham Aliyev has signed a decree approving the procedure for implementing control over the supply of electricity and heat, as well as gas.

State Agency for the Use of Mineral Resources created in Azerbaijan

16.07.2018 22:40 GMT

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President of Azerbaijan Ilham Aliyev signed a decree on the creation of the State Agency for the Use of Mineral and Raw Material Resources under the Ministry of Ecology and Natural Resources, APA reports.

Russian group of companies denies plans on selling block of shares to SOCAR

16.07.2018 19:53 GMT

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Russia’s New Stream Group of Companies doesn’t intend to sell a block of shares to Azerbaijan’s state oil company SOCAR, the group of companies told Trend July 16.

Azerbaijan's economy continues to grow

16.07.2018 15:49 GMT

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Azerbaijan’s GDP volume reached almost 37.01 billion manats in January-June 2018 that is 1.3 percent more than in January-June 2017, according to a report of the State Statistics Committee.

Food Safety Agency monitors fairs organized by Agriculture Ministry

16.07.2018 12:37 GMT

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The Food Safety Agency is conducting monitoring of agricultural fairs.

Chinese companies invest nearly $800m in Azerbaijan’s economy

16.07.2018 12:17 GMT

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“Chinese companies have invested about $800 million in Azerbaijan’s economy."

Azerbaijani oil grows in price

16.07.2018 10:57 GMT

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Azerbaijani oil rose in price on world exchanges for more than two dollars on Monday, July 16.

Equinor on plans for development of Azerbaijani oil and gas fields

16.07.2018 09:14 GMT

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"We are discussing plans and timing with SOCAR and the exact details are dependent on contracting of equipment and services."

UNWTO Secretary-General: Tourism is rapidly developing in Azerbaijan

14.07.2018 18:04 GMT

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“Tourism is rapidly developing in Azerbaijan,” said Secretary-General of the World Tourism Organization (UNWTO) Zurab Pololikashvili as he met with Azerbaijani ambassador to Spain and Andorra, the country`s permanent representative to the organization Anar Maharramov.

Azerbaijan, Russia, Iran may establish joint electrical grid

14.07.2018 14:41 GMT

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A senior Iranian official said Moscow has called for the establishment of an electrical grid between Azerbaijan, Russia and Iran with the aim of connecting the three nations' power stations.

Oil rises but declines for the week as supply concerns ease

14.07.2018 09:21 GMT

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Brent crude LCOc1 rose 88 cents to settle at $75.33 a barrel, a 1.18 percent gain.

OPEC ups forecasts for Azerbaijan’s oil output

14.07.2018 08:56 GMT

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Azerbaijan is expected to produce on average 0.79 million barrels of oil per day in 2018, OPEC said in its July Oil Market Report.

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