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Russia-Azerbaijan business dialogue is held within framework of St. Petersburg Economic Forum

St. Petersburg Economic Forum

Russia, Azerbaijan business dialogue is held within the framework of the 3rd day of the St. Petersburg International Economic Forum (SPIEF), APA reports citing the official website of SPIEF. During the business dialogue, development of cooperation in various fields including tourism, agriculture, and implementation of large-scale infrastructure projects are being discussed. The …

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Hazelnut exports increase markedly

Hazelnut exports

Local hazelnuts strive for entering new foreign markets to stimulate increase in the non-oil share in the country’s economy. Azerbaijan exported 7,060 tons of hazelnuts worth $38.37 million in the first quarter of 2019. Compared to the same period last year, exports in quantitative terms increased by 57.3 percent, and in …

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Electronics Laboratory Center to be created in Azerbaijan

Electronics Laboratory Center

Electronics Laboratory Center will be created in Azerbaijan, Sumaks Technologies company head Javid Mammadov told Trend May 23. He said that experts in the field of electronics and microcontroller programming will be trained in the center. “There are very few electronics engineers in Azerbaijan, and most of them don’t meet modern requirements,” …

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Pakistani pharmaceutical company eyes to enter Azerbaijani market

Pakistani pharmaceutical company

Favorable conditions created for foreign investors in Azerbaijan attract the businessmen to invest in various spheres in the country. Pakistani pharmaceutical company WnsFeild Pharmaceuticals eyes to enter the Azerbaijani market, said Zafar Balok, director of the company’s Sales and Export Department. He noted that the Azerbaijan-Turkey-Pakistan Forum, which was held in Baku …

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Azerbaijan aims to increase hazelnut production

hazelnut production

By Rashid Shirinov Azerbaijan intends to significantly increase hazelnut production in 2018, according to the Azerbaijan Hazelnut Exporters Consortium. Its representative noted that the Consortium plans to increase production by almost 48 percent. “We plan to produce 60,000-65,000 tons of hazelnut in 2018, which is much more than last year. …

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Azerbaijan to export hazelnuts to Latvia

Azerbaijan to export hazelnuts to Latvia

The Azerbaijani company Azhazelnut signed a contract with Latvia’s Alisco for the export of hazelnuts to Latvia worth $250,000, Trend reports referring to the Ministry of Economy of Azerbaijan. According to the ministry, as part of the export mission of Azerbaijan to Riga, a preliminary agreement was also reached on the export …

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Revenues of Azercosmos disclosed


Today, Azerbaijan is a member of space satellite club with three satellites, long-term space industry development programs and infrastructure and strengthens its position in the global space industry market. The revenues of Azerbaijan’s Azercosmos OJSC from the export of satellite and telecommunication services amounted to $25.6 million in 2018. The …

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Azerbaijan to export pomegranate to Europe

Azerbaijan, Europe

Land of Fire is preparing to bring national pomegranate to new export markets in Europe. Azerbaijan plans to export pomegranate to several European countries, Executive Director of the Azerbaijan Pomegranate Producers and Exporters Association Yusif Akhundov told Report. Akhundov stressed that negotiations are underway on export to Latvia, Poland and …

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