Home / Business



Cluster SME Company’s criteria approved in Azerbaijan

Cluster SME Company

The criteria of the Cluster SME Company (Small and Medium-Sized Enterprises) were approved upon the decision of the collegium of the Azerbaijani Ministry of Taxes, Trend reports. A certificate issued by the Azerbaijani Agency for Development of Small and Medium-Sized Enterprises agreed with the Ministry of Taxes testifies the compliance of the …

Read More »

Azerbaijani, Russian, Iranian railways to be joined


Advantageous location of Azerbaijan makes it a perfect transit point between the main players in the greater region such as Russia and Iran. Joint project of the countries bring benefits and develop trilateral relations. Addressing the 15th meeting of the Iran-Russia Joint Committee on Economic and Trade Cooperation held in …

Read More »

Honey production to increase markedly

Honey production

Beekeeping is rapidly developing in Azerbaijan, and this is facilitated by state support. Badraddin Hasratov, Chairman of the Management Board of Azerbaijan Beekeepers Association (ABA), told local media that the traditional honey fair in Baku will be held in early October. He noted that it is planned to collect at …

Read More »

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 …

Read More »

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 …

Read More »

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,” …

Read More »