Economy

Under the leadership of the President of the Republic of Azerbaijan, Commander-in-Chief Ilham Aliyev, the glorious Armed Forces of the Republic of Azerbaijan won the Patriotic War, which lasted from September to November 2020, and put an end to the occupation. Executive Director of the Center for Analysis of Economic …

Issues concerning improvement of liberated territories of Azerbaijan were discussed in the course of the general meeting. The members of the Caspian Energy Club unanimously supported the Club Chairman and CEO Telman Aliyev’s proposal to create a permanent representative office of the Caspian Energy Club in Karabakh and all district …

Gas supplies via the Southern Gas Corridor will begin in coming months, Ibrahim Ahmadov, deputy head of the Public Relations and Event Management Department at Azerbaijan’s state oil company SOCAR, told Trend. “After the completion of construction, the Trans Adriatic Pipeline (TAP) was connected to the network of Italian Snam company. …

Turkey will build a railway to Azerbaijan’s Nakhchivan Autonomous Republic, Turkish Minister of Transport, and Infrastructure Adil Karaismailoglu said, Trend reports on Nov. 12. “The planning work is currently underway,” Karaismailoglu added. A number of Azerbaijani-Turkish documents were signed following the 8th meeting of the Azerbaijan-Turkey High-Level Strategic Cooperation Council with the …

Azerbaijani products were presented at the third China International Import Exhibition in Shanghai, China, Trend reports with reference to the Ministry of Economy of Azerbaijan. The exhibition featured products produced with the support of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) by more than 20 companies in the country including such …

The demonstrative event on row-sowing of wheat has been held in Azerbaijan, Trend reports with reference to the Azerbaijani Ministry of Agriculture. The event was attended by Director of the Center for Agrarian Science and Innovation Imran Jumshudov, experts from the Salyan Regional Center for Agrarian Science and Innovation, as …

A meeting has been held between the Pakistani Ambassador to Azerbaijan Bilal Hayee and President of Azerbaijan Airlines (AZAL) Jahangir Asgarov. The sides discussed issues of bilateral cooperation between Azerbaijan and Pakistan in the field of civil aviation, as well as long-term plans to increase passenger and cargo traffic. The …

Baku will host an extraordinary meeting of heads of member states of the Turkic Chambers of Commerce and Industry (TCCI) on Monday, the National Confederation of the Entrepreneurs (Employers’) Organizations of Azerbaijan Republic (AEC) has told AZERTAC. The meeting, on the theme of “A new era of social and economic development …

Azerbaijan is taking important steps to accelerate the development of alternative energy, Azerbaijani Energy Minister Parviz Shahbazov said. Shahbazov made the remarks at the Baku International Energy Charter Forum on “Transition to renewable energy sources in electricity production, transport, heating and cooling: modern challenges and trends”, Trend reports. “The transition in the …

Russia was Azerbaijan’s largest trade partner among CIS countries during the first nine months of 2020, with the trade turnover between the two countries amounting to $1.9 billion, the State Customs Committee has reported. Of the total turnover, export of Azerbaijani goods to Russia amounted to $499.7 million, while the goods imported …