Economy

There is a serious need for state regulation of the appraisers’ activities in Azerbaijan, Vugar Oruj, director of the assessment company Koneko Group and deputy chairman of the Society of Appraisers of Azerbaijan, told Trend. “Inexperienced appraisal companies damage the country’s banking system. I believe there is a serious need …

Serbian President Aleksandar Vucic has met with the Azerbaijani delegation led by Minister of Economy Shahin Mustafayev. The Serbian President recalled his recent visit to Azerbaijan and asked the Azerbaijani delegation to extend his greetings to President Ilham Aliyev. President Aleksandar Vucic hailed the developing relations between the two countries, …

Azerbaijan’s first trading house has opened in the Polish capital of Warsaw. Addressing the event, Economy Minister Shahin Mustafayev emphasized that the opening of the trading house testifies to the importance the Azerbaijani and Polish heads of state attach to developing economic and trade relations between the two countries. “At …

Azerbaijani and Saudi Energy Ministers adhere the continuation of cooperation between OPEC and non-OPEC countries in 2019 in terms of oil market regulation, as Energy Minister Parviz Shahbazov met Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid A.Al-Falih in Vienna. The meeting focused on the factors that make …

Azerbaijani and Saudi Energy Ministers adhere the continuation of cooperation between OPEC and non-OPEC countries in 2019 in terms of oil market regulation, as Energy Minister Parviz Shahbazov met Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid A.Al-Falih in Vienna. The meeting focused on the factors that make …

Turkey and Azerbaijan will jointly produce freight cars for the Baku-Tbilisi-Kars railway (BTK), the Turkish transportation and infrastructure minister said on Wednesday, Anadolu Agency reported. “Turkey and Azerbaijan will set up a plant in Azerbaijan to produce freight cars for BTK railway,” Mehmet Cahit Turhan told reporters after his meeting …

“We believe that Chevron`s decision is a completely business decision,” said BP Azerbaijan`s Vice President for Communications, External Affairs, Strategy and Region Bakhtiyar Aslanbayli as he commented on media reports saying that Chevron is seeking to sell its stakes in Azerbaijan’s largest oilfield Azeri-Chirag-Gunashli (ACG). “I suggest you talk to …

A draft law on amending Azerbaijan’s Electoral Code was discussed at a plenary session of the Azerbaijani parliament Nov. 30.The draft law submitted to the parliament reads that there are contradictions between the first part of Article 110, the first part of Article 105 of the Constitution and Article 178 …

There are plans to open the House of Small and Medium-sized Enterprises (SMEs) in Baku in 2019, chairman of the board of the Agency for the Development of SMEs in Azerbaijan Orkhan Mammadov told reporters in Baku Nov. 29.He said that in the coming days, the opening of centers “Friend …

The price of Azerbaijani oil has increased on the world markets.The price of a barrel of Azeri Light crude oil rose $1.88 to stand at $63.13.