President allocates funding for construction of road in Lankaran

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More from Economy

Azerbaijani oil rises in price

17.08.2018 12:29 GMT

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The AZERI Light FOB Ceyhan oil price was $71.84 per barrel on Aug. 16, or $0.93 more than the previous price.

Iran-Azerbaijan joint auto factory to export products to Russia: official

16.08.2018 19:32 GMT

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Head of IKCO (Iran Khodro Co.) operations in Asia, Europe, America and Commonwealth of Independent States Sabina Nobari said Azerbaijan and Iran will soon export cars to Russia, Ukraine, and the CIS nations via a joint venture, dubbed Khazar Car Factory.

Azerbaijan’s state budget executed with surplus

16.08.2018 14:24 GMT

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Revenues of Azerbaijan’s state budget in January-July 2018 amounted to 12,078.1 million manats, which is 28.4 percent more than in the same period last year, the State Statistics Committee said in a report for seven months of this year.

Gold prices in Azerbaijan hit 20-month low

16.08.2018 11:13 GMT

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The prices for precious metals have decreased in Azerbaijan August 16, according to the data published by the country’s Central Bank.

Azerbaijani oil price drops by more than $2

16.08.2018 10:14 GMT

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Price of Azerbaijani Azeri LT CIF crude oil put for sale on world markets declined by $ 2,15 or 2,91%.

Azerbaijan to open trading and wine houses in 5 countries this year

15.08.2018 23:42 GMT

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“Azerbaijan’s trading and wine houses will be opened in the UAE, China, Poland, Kazakhstan and Russia by the end of the year,” said deputy minister of economy Rufat Mammadov.

Azerbaijan eyes to harvest 260K tons of cotton

15.08.2018 21:28 GMT

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This year cotton has been planted on 132,500 hectares in 22 districts of Azerbaijan, and 260,000 tons of cotton are expected to be harvested by the end of the season, Azerbaijan’s Agriculture Minister Inam Karimov said Aug. 15.

Mobile app for monitoring food product quality launched in Azerbaijan

15.08.2018 19:59 GMT

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TUT, a mobile application for monitoring the quality of food products, has been launched in Azerbaijan, the head of Neuron Technologies Ismayil Alakbarov told Trend on Aug. 15.

Deputy minister: Azerbaijani businessmen must actively participate in exhibitions

15.08.2018 19:06 GMT

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Azerbaijani entrepreneurs must actively participate in various exhibitions which are held abroad, Azerbaijani Deputy Economy Minister Rufat Mammadov said.

Euronews highlights Baku's Yashil Bazaar in series of postcards

15.08.2018 15:47 GMT

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In its series of Postcards from Azerbaijan, Euronews has highlighted Yashil Bazaar in Baku.

AZAL to restore flights on Baku-Tbilisi-Baku route

15.08.2018 14:59 GMT

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Starting October 28, 2018, Azerbaijan Airlines (AZAL) will restore flights on route Baku-Tbilisi-Baku.

The John Batchelor Show: Azerbaijan to commercial space and the stars

15.08.2018 14:06 GMT

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John Batchelor, the host of the popular American radio program “The John Batchelor Show”, in a series of programs on Azerbaijan, has broadcast an interview dubbed “Azerbaijan to commercial space and the stars” with CEO and Chairman of Board of AzerCosmos Rashad Nabiyev.

Baku to host German-Azerbaijani Business Forum

15.08.2018 12:24 GMT

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On 9 October 2018, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) organises the German-Azerbaijani Business Forum "Energy and ICT in Azerbaijan" with the support of the German Eastern Business Association (Ost-Ausschuss – Osteuropaverein der Deutschen Wirtschaft e.V.).

Azerbaijan to open more trading houses abroad

15.08.2018 11:47 GMT

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Azerbaijan intends to significantly expand the number of its trading houses abroad.

Azerbaijani manat celebrates its birthday

15.08.2018 11:14 GMT

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Today marks the 26th anniversary of the issue of the national currency of Azerbaijan - manat.

Dollar rises to 13-month peak on anxiety over Turkey

14.08.2018 23:54 GMT

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The dollar advanced to a 13-month peak on Tuesday against a basket of major currencies as traders increased their safe-haven holdings of the U.S. currency on worries about the fallout from the Turkish lira’s recent fall.

Azerbaijan to introduce European hotel classification

14.08.2018 23:29 GMT

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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82,700 travelers from Russia visited Azerbaijan last year.

Azerbaijan fulfills its obligations within OPEC/NOPEC

10.08.2018 14:12 GMT

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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.

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