TANAP, Shah Deniz 2 to give impetus to Azerbaijan`s economic growth in 2018

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More from Economy

Azerbaijan to launch production of premium motor oils

22.11.2017 21:29 GMT

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Millers Oils Azerbaijan Ltd., a resident of the High-Tech Park of Azerbaijan National Academy of Sciences (ANAS) will organize a presentation on the occasion of launching the production of premium motor oils on November 23, the High Tech Park told Trend Nov. 22.

Elman Rustamov: Inflation is our key problem

22.11.2017 19:24 GMT

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Inflation is our key problem. I agree with this, Chairman of the Central Bank of Azerbaijan Elman Rustamov said during discussion of the drafts of state and consolidated budget for 2018 at the plenary meeting of the parliament.

EBRD: Tight monetary policy should continue in Azerbaijan

22.11.2017 14:01 GMT

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Azerbaijan’s economy will grow 2% in 2018 as a result of launch of Shahdeniz 2 and TANAP, European Bank for Reconstruction and Development said in its annual report.

Azerbaijan to switch to new system of customs duties in 2018

22.11.2017 12:33 GMT

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Azerbaijan will switch to a new system of customs duties in 2018, according to the “Commodity Nomenclature of Foreign Economic Activity, Rates of Import and Export Customs Duties” approved by the decision of the country’s Cabinet of Ministers.

Chinese state commissioner: “Azerbaijan is one of the important countries of Silk Road”

22.11.2017 00:02 GMT

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“Azerbaijan is one of the important countries of the Silk Road,” said State Commissioner for Counter-Terrorism and Security Matters of China Cheng Guoping as he met with Azerbaijan`s Foreign Minister Elmar Mammadyarov in Baku.

Fitch upgrades the ratings of the International Bank of Azerbaijan

21.11.2017 22:20 GMT

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Fitch International Agency has reviewed ratings of Open Joint-Stock Company International Bank of Azerbaijan (IBA), Press Service of the IBA told APA-Economics.

Construction of 10 carpet producing facilities to start in Azerbaijan in 2018

21.11.2017 19:28 GMT

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Construction of ten carpet producing facilities will start in Azerbaijan next year, the country’s Economy Minister Shahin Mustafayev said.

Azerbaijan parliament begins discussion of 2018 state budget package

21.11.2017 14:17 GMT

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Azerbaijani Parliament began discussion of the state budget package for 2018.

Baku International Sea Trade Port aims to achieve Green Port status

21.11.2017 00:04 GMT

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“The Baku International Sea Trade Port is aiming to become the most environmentally friendly port in the region,” Taleh Ziyadov, Director General of the Baku Port, has told journalists.

Poland seeks to share with Azerbaijan European experience in auditing

20.11.2017 22:46 GMT

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Poland intends to share European experience in auditing with Azerbaijan, the President of the Supreme Audit Office of Poland, Krzysztof Kwiatkowski, told reporters Nov.20.

Minister: Azerbaijan ready to export agricultural products to Italy

20.11.2017 22:12 GMT

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Azerbaijan is ready to export agricultural products, including hazelnuts, vegetables and fruits, to Italy, Azerbaijani Minister of Economy Shahin Mustafayev said.

Azerbaijan, Int’l Energy Charter to hold expert meeting in early 2018

18.11.2017 10:21 GMT

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Azerbaijani Energy Minister Parviz Shahbazov within his visit to Belgium met with Secretary General of the International Energy Charter Urban Rusnak, Azerbaijan’s Energy Ministry said in a message.

SOCAR, Uzbekneftegaz mull prospects in oil & gas projects

17.11.2017 21:23 GMT

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Azerbaijan’s state oil company SOCAR and Uzbekistan's national holding company Uzbekneftegaz have great prospects for intensifying cooperation and implementing joint oil and gas projects, SOCAR President Rovnag Abdullayev said.

Price of gasoline AI-95 and AI-98 increased in Azerbaijan

17.11.2017 20:59 GMT

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The retail price for a liter of gasoline Aİ-95 (Premium) and AI-98(“Super”) is set at 125 and 150 accordingly increasing by 20 kopecks for a liter, APA-Economics reports.

Azerbaijani president allocates funds for commencement of repair works in 23 buildings

16.11.2017 19:54 GMT

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President of Azerbaijan Ilham Aliyev has issued an order on additional measures for capital repair of 23 buildings in Khirdalan city, Baku.

Heavy fog has no impact on Baku Airport’s activity

16.11.2017 09:28 GMT

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Heavy fog has no impact on Baku Airport’s activity.

WB to help Azerbaijan, Georgia to create 21st century Silk Road

15.11.2017 20:51 GMT

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The World Bank team has presented the initial findings of its study on improving freight transit and corridor performance of the Caucasus Transit Corridor to main stakeholders in Azerbaijan, WB’s Baku office told Trend Nov. 15.

New appointments at Azerbaijani Energy Ministry

15.11.2017 19:26 GMT

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New appointments have been made at the Azerbaijani Energy Ministry.

Inauguration of BTK railway line in spotlight of Jordanian media

15.11.2017 16:21 GMT

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The opening ceremony of the Baku-Tbilisi-Kars railway line – a project with a great history and strategic importance - has been highlighted by Jordanian media.

Azerbaijan to open wine house in China

15.11.2017 00:08 GMT

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Azerbaijan will open a wine house in China within the promotion of the Made in Azerbaijan brand, the Azerbaijani Ministry of Economy said in a message Nov. 14.

Ilham Aliyev: Azerbaijan now stronger than ever

14.11.2017 20:25 GMT

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Azerbaijan is stronger than ever and has gained a great international reputation, said Azerbaijan’s President Ilham Aliyev addressing a ceremony marking the 25th anniversary of creation of the New Azerbaijan Party, APA reported.

Demand for Azerbaijani Finance Ministry’s bonds exceeds supply

14.11.2017 20:19 GMT

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An auction for placement of medium-term bonds worth 10 million manats of Azerbaijan’s Ministry of Finance was held at the Baku Stock Exchange (BSE), the BSE said Nov. 14.

SOCAR Petroleum: Current break in sale of AI-98 gasoline to last for a month

14.11.2017 11:35 GMT

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The current break in sale of AI-98 gasoline will last a month, spokesman for SOCAR Petroleum Uzeyir Habibbayli told APA-Economics.

Economy minister highlights high level of Azerbaijan- Brazil political ties

14.11.2017 00:34 GMT

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Political relations between Azerbaijan and Brazil are at a high level.

Azerbaijan eyes to greatly reduce VAT on imports of butter, dairy products

13.11.2017 21:28 GMT

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There is a plan to reduce the value-added tax (VAT) rate from 18 to 10 percent when importing butter and several types of dairy products to Azerbaijan, Mirgasim Vahabov, head of the Main Department for Finance, Tariffs and Currency Control at the State Customs Committee, told ATV channel.

First industrial clusters to be established in Azerbaijan

13.11.2017 20:29 GMT

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The first industrial clusters in Azerbaijan will appear in Sumgayit and Balakhani settlement, the director of the Research Institute of Economic Reforms, Vilayat Veliyev, told journalists Nov.13.

The Hill publishes article about Baku-Tbilisi-Kars project

13.11.2017 17:17 GMT

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"On Oct. 30 the world awakened to a new “Orient Express” railroad — and it wasn’t a movie. It is a real railroad."

SOCAR might buy oil refinery in Italy

13.11.2017 15:49 GMT

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National oil companies of Azerbaijan, Iran and Aljazeera show interest in acquirement of Lukoil’s ISAB oil refinery in Italy, Lukoil President Vahid Alekberov said, APA-Economics reports citing to RIA Novosti.

State budget for 2018 drawn up in three scenarios

13.11.2017 15:40 GMT

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Forecasts of 2018 state budget have been drawn up in different scenarios and analyzed.

Volume of Azerbaijani oil transported through Ceyhan port announced

13.11.2017 11:27 GMT

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In October 2017, 1,895,356 tonnes of Azerbaijani oil were transported through Ceyhan port.

Azerbaijani oil prices for Nov. 6-10

11.11.2017 14:24 GMT

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Average price of AZERI LT CIF, extracted at Azerbaijan’s Azeri-Chirag-Gunashli block of fields, was $65.97 per barrel on Nov. 6-10 or $3.45 per barrel more than the previous week.

Ambassador: Azerbaijan - strategic partner of UK in energy sector

10.11.2017 23:33 GMT

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Azerbaijan is a strategic partner of the UK in the energy sector, UK's Ambassador to Azerbaijan Carole Mary Crofts said.

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