Business

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 …

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 …

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 …

The Azerbaijani company “Sirab” plans to expand the list of export destinations by the end of 2019, Fagan Alishanov, the head of the company’s export department, told Trend. He noted that the Arab countries will become a new export destination of the company in 2019. “We plan to arrange exports to …

Belarus, Georgia and Azerbaijan will work on the possibility of organizing railway container traffic on Tbilisi – Baku – Minsk route, the press service of the Ministry of Transport and Communications of Belarus said, Trend reports via BelTA. The decision was made during the fifth meeting of the Belarusian-Georgian intergovernmental commission on …

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. …

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, …

On the occasion of the International Women’s Day on 15th March 2019 the Azerbaijan-France Chamber of Commerce and Industry (CCIAF) has organized “Arts, Crafts and Business” exhibition. The key sponsors of the events were Hyatt Regency Hotel Baku and french oil-gas company – Total. The event brought together around 70 …

The intensification of economic relations between Azerbaijan and Iran helps to achieve real results. The local auto making industry has already seen the practical outcome of this fruitful cooperation. Azerbaijan-Iran Business and Investment Forum was held in Baku on March 14. Speaking at the event, Minister of Economy Shahin Mustafayev …

AzerGold Closed Joint-Stock Company, operating on the basis of international standards, is taking practical measures in the direction of disposal of mercury waste in accordance with the requirements of the legislation, environmental protection and human health. As is known, in addition to gold and silver, the ore mined at the …