Azerbaijan’s State Committee on Standardization, Metrology and Patents abolished

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More from Economy

Minister: "Expenditures for Expo 2025 in Azerbaijan are estimated at EUR 765 mln"

20.04.2018 09:52 GMT

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"Specialists are involved, calculations are carried out to clarify and thoroughly study the financial issues related to hosting the World Expo 2025 in Azerbaijan."

AZAL opens three new destinations within summer flight schedule

19.04.2018 17:22 GMT

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The air ticket includes free baggage allowance (up to 23 kg) and a full range of cold and hot onboard meals.

Azerbaijani oil price approaches to $75 a barrel

19.04.2018 14:52 GMT

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The price of Azerbaijan's oil Azeri LT CIF at the world market increased by $1.55 (2.12%).

Turkey, Azerbaijan may switch to trade in national currency

19.04.2018 10:27 GMT

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Turkey does not see any obstacle to switching to settlements in national currency with Azerbaijan, Turkish Economy Minister Nihat Zeybekci said in an exclusive interview with Trend.

Edison to buy gas from Shahdeniz

18.04.2018 19:16 GMT

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Rights on contract signed with Spain’s Gas Natural Fenosa on gas sale within Shahdeniz 2 have been transferred to Italy’s Edison.

Minister: Azerbaijan invested $1.2B in Switzerland

18.04.2018 11:48 GMT

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Azerbaijani Minister of Economy Shahin Mustafayev has today received that Ambassador of Switzerland to Azerbaijan, Philip Stalder.

SOCAR establishes company with founding capital of AZN 100,000

18.04.2018 09:15 GMT

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SOCAR has established SOCAR-Petrofac LLC.

Russia, Azerbaijan, Iran mull creation of logistics operator of North-South corridor

17.04.2018 23:20 GMT

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The Russian Railways JSC is discussing creation of a logistics operator of the International North-South Transport Corridor with Iran, India and Azerbaijan, Alexander Misharin, first deputy chief executive officer of Russian Railways, told reporters on the sidelines of the "TransRussia" international exhibition for transport and logistics services and technologies, Russian media reported.

IMF revises forecast on Azerbaijan’s economic growth

17.04.2018 19:35 GMT

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The International Monetary Fund (IMF) has revised economic growth projections for 2018 for Azerbaijan to 2 percent from 1.3 percent, according to the updated World Economic Outlook (WEO) of the IMF.

SOCAR's daughter affiliate buys share in TANAP

17.04.2018 14:21 GMT

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The Turkish "daughter" of the State Oil Company of Azerbaijan (SOCAR) - "SOCAR Turkey Enerji A. became the holder of a seven per cent stake in the Trans-Anatolian pipeline (TANAP).

Azerbaijan significantly ups gold production

17.04.2018 11:08 GMT

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Anglo Asian Mining PLC (AAM), a producer of gold, copper and silver in Azerbaijan, produced 18,307 ounces of gold in the first quarter of 2018, which is 26 percent more than in the same period of 2017, according to the company report.

Italy was Azerbaijan`s largest export destination in Q1

17.04.2018 10:45 GMT

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Italy was Azerbaijan`s largest export market in the first quarter of 2018, according to the State Customs Committee.

Azerbaijani oil falls in price

17.04.2018 10:38 GMT

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The price of Azerbaijani oil fell by more than a dollar.

Russia’s Utair to launch direct Tyumen-Baku flights

16.04.2018 23:21 GMT

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Russia’s Utair airline will launch new direct Tyumen-Baku flights, RBK Group reported citing commercial director of Tyumen’s Roshchino airport Mikhail Rusakov as saying April 16.

SOCAR increases diesel production due to high demand

16.04.2018 11:48 GMT

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In January-March 2018, export of oil and petro-chemical products made up 413,000 tonnes, up 6.4% from previous year, SOCAR told APA-Economics.

Rosbalt: Azerbaijan achieved significant economic success during Ilham Aliyev’s presidency

14.04.2018 14:25 GMT

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Azerbaijan has achieved significant success in economic development during the presidency of Ilham Aliyev, that is, since 2003, journalist Irina Jorbenadze said in her article published by Russia’s Rosbalt news agency.

Ukraine to supply raw materials for Azerbaijan's industry

13.04.2018 19:47 GMT

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Ukraine's state enterprise Kharkiv Electrotyazhmash will supply the necessary raw materials for production of industrial goods at the Sumgait Technologies Park (STP), the STP told Trend on April 13.

USD rate for April 16 announced

13.04.2018 17:40 GMT

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The Central Bank of Azerbaijan has announced USD/AZN rate for April 16.

Azerbaijan invests $11.3 mln in Belarusian economy

13.04.2018 15:05 GMT

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During the visit of the Belarusian government delegation headed by Deputy Prime Minister Vladimir Semashko to Baku in early April 2018, the Belarusian representatives visited the Ganja Automobile Plant, where the 10,000th MTZ tractor rolled off the assembly line.

Azerbaijan decreases butter import by 5%

13.04.2018 11:49 GMT

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In January-March 2018 Azerbaijan imported 3,479.8 tonnes of butter worth $20,692,170, relevantly down 197.43 tonnes or 5.37% and up $7,187,200 or 53.22% from previous year.

Heydar Aliyev International Airport served about 900,000 passengers for the first quarter of 2018

13.04.2018 10:26 GMT

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During the first three months of 2018, Heydar Aliyev International Airport served over 897,000 passengers.

Every second family in Azerbaijan owns car

12.04.2018 22:49 GMT

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As of Jan. 1, 2018, the number of cars hit 1.34 million units in Azerbaijan, Chairman of the State Statistics Committee Tahir Budagov said in an interview to the website of the ruling party of Azerbaijan.

Azerbaijan’s positive balance from foreign trade turnover nears $5.5B

12.04.2018 20:18 GMT

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In January-March 2018 Azerbaijan’s foreign trade turnover amounted to AZN 5,546,139,380, up 34.64% or AZN 1,427,059,630 compared to a year earlier.

Azerbaijani oil price surges

12.04.2018 10:46 GMT

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The price of Azerbaijani oil rose.

ADB expecting sustainable growth of Azerbaijani economy in next two years

11.04.2018 19:22 GMT

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Azerbaijan’s GDP growth is forecast to reach 1.7 percent in 2018 on a rebound in construction and accelerate further to 2.0 percent in 2019 as industry begins to expand, says a report of the Asian Development Bank (ADB).

Samir Sharifov: "We do not see fundamental risks for macroeconomic stability"

11.04.2018 12:56 GMT

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"We do not see fundamental risks for fiscal and macroeconomic stability."

Brent crude prices jump to the highest since 2014 on rising Middle East tensions

11.04.2018 11:11 GMT

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West Texas Intermediate crude futures settled at two-week highs while Brent crude futures hit their highest levels since 2014 as Wall Street grew increasingly concerned over possible military actions in the Middle East.

Budget revenues by the Ministry of Taxes increased by 1.1%

11.04.2018 00:25 GMT

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The state budget received 1.43 billion manat from the Ministry of Taxes in the first quarter of 2018, APA reports.

Manat and US dollar stay at previous level at currency auction

10.04.2018 16:12 GMT

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Today the Central Bank of Azerbaijan has held the next currency auction.

Azerbaijan fulfils its obligation on output cut

10.04.2018 15:40 GMT

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In accordance with the Vienna agreement reached by OPEC and non-OPEC countries, Azerbaijan has submitted the data on oil output for March 2018 to the Joint Technical Commission of the Joint Monitoring Committee.

Gold price up in Azerbaijan

10.04.2018 11:47 GMT

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The prices of the main precious metals increased in Azerbaijan on April 10, according to the data published by the country’s Central Bank.

SOCAR names volume of gas export to Georgia

10.04.2018 10:34 GMT

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Azerbaijan's SOCAR exported about 480 million cubic meters of gas to Georgia in January-March 2018, a source in the state oil company told Trend.

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