Economy

Heydar Aliyev International Airport has compiled a rating of the most punctual airlines in November 2019. Several airlines – Etihad Airways, Iraqi Airways, Lufthansa, Kuwait Airways and China Southern – achieved the highest rate of 100% punctuality when departing from Baku. Aeroflot, UIA (International Airlines of Ukraine), Iran Air, flyNAS, …

Member of the Grand National Assembly of Turkey, head of the Turkey-Azerbaijan inter-parliamentary friendship group Samil Ayrim has praised the significance of the TANAP as the gas pipeline`s Europe link was inaugurated in Edirne, Turkey. He said the launch of the pipeline once again brought the region to the forefront …

The conference on Digital Transformation and Innovation in Azerbaijan was held with organizational support of the American Chamber of Commerce (AmCham). The event was attended by representatives of the Ministry of Transport, Communications and High Technologies of the Republic of Azerbaijan, and more than 150 representatives from various business sectors …

Azerbaijani Foreign Minister Elmar Mammadyarov received the newly appointed Ambassador of the Republic of France to the Republic of Azerbaijan, Zacharie Gross, Foreign Ministry told APA. Congratulating the Ambassador on his appointment, Minister Elmar Mammadyarov expressed his hope that he would contribute to further development of relations between the two countries. …

The trade turnover between Azerbaijan and China in January-September of 2019 reached $ 1.7 billion, which is 96 percent more than in the same period in 2018, Deputy Prime Minister of Azerbaijan Shahin Mustafayev said in an interview with Chinese newspaper “Global Times” Mustafayev was visiting China for China International …

Dubai, the largest city in the United Arab Emirates has hosted the annual Dubai Air Show 2019 – one of the most prestigious and significant air shows in the world. More than 60 countries, represented by companies from different spheres of aviation attended the event. Azerbaijan Airlines’ delegation headed by …

Russia, Italy and Germany are among the main importers of hazelnuts from Azerbaijan, the government said to local media on November 19. In particular, over nine months, as many as 8,157 tons of hazelnuts were exported to Russia in the amount of $41.6 million, Italy – 4.438 tons worth $26.67 …

Interconnector Greece-Bulgaria will deliver Azerbaijani gas to the European markets starting from 2020. Bulgaria expects early completion of the construction of the Interconnector Greece-Bulgaria (IGB) and expects Azerbaijani gas to reach the country in 2020, Bulgarian Prime Minister Boyko Borisov said on November 11. Borisov, along with the ambassadors of …

More than 112 billion standard cubic metres (bscm) of natural gas and 27 million tons of condensate have been produced from the Shahdeniz field in the Azerbaijani sector of the Caspian Sea so far, according to BP. The existing Shah Deniz facilities’ production capacity is currently over 56 million standard …

Azerbaijan’s economic development and the reforms carried out in the country in recent years are reflected in indicators of international reports. The country has made considerable progress with regards to its position in Global Competitiveness Index report 2019 published by the World Economic Forum. In general, Azerbaijan ranked 58th among …