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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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EBRD to help organize renewable energy auctions in Azerbaijan


Trend: The European Bank for Reconstruction and Development (EBRD) plans to attract a consultant to support the Ministry of Energy of Azerbaijan in the development and implementation of a competitive (auction) scheme for renewable energy producers, Trend reports referring to the bank’s website. It is planned to begin the implementation of these …

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Azerbaijan eyes to greatly increase gas production

Azerbaijan gas

Azerbaijan plans to increase gas production to 47.6 billion cubic meters in 2025, Elshad Nassirov, vice president for marketing and investments of Azerbaijan’s state oil company SOCAR, said in an interview with S&P Global Platts, Trend reports. Azerbaijan’s gas output is set to increase by around 20 percent this year, he said. …

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Russian airline company launching new flights to Azerbaijan

Russian airline

The Russian airline company IrAero is expanding the geography of flights from Azerbaijan, Trend reports with reference to the company. Regular flights to Russia’s Orenburg, Yekaterinburg and Chelyabinsk cities are available from Baku. The flights will be operated on Russian Superjet 100 aircraft. Baku-Orenburg and Orenburg-Baku flights will start from April 20, …

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