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Articles about Azerbaijani economy. Market in Azerbaijan, macroeconomics and microeconomics, trends.

UK multiplies import of Azerbaijani-made products


The value of exports from Azerbaijan to the UK totaled $227.5 million from January through July 2021, having soared 23 times compared to the same period of 2020, Trend reports citing the statistical bulletin of the State Customs Committee (SCC) of Azerbaijan. According to the SCC, the share of the UK in …

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Azerbaijan, Israel mull co-op in civil aviation

Azerbaijan, Israel

The President of Azerbaijan Airlines (AZAL), Jahangir Asgarov and Ambassador of Israel to Azerbaijan George Deek have discussed the cooperation in civil aviation between Azerbaijan and Israel in Baku, local media reported on August 25. Asgarov said that AZAL will resume the flights between the two countries after the opening …

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Azerbaijan to establish Energy Efficiency Fund

Energy Efficiency Fund

Energy Efficiency Fund will be created in Azerbaijan in order to stimulate and promote measures for the rational use of electricity and energy efficiency, the law ‘On rational use of energy resources and energy efficiency’, approved by President Ilham Aliyev, Trend reports on August 20. According to the law, the fund will …

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Italy Azerbaijan’s largest trade partner in Jan-July


Italy was Azerbaijan’s largest trade partner during the period of January-July 2021, with the trade turnover between the two countries amounting to $4.6 billion, the State Customs Committee has reported. Of the total turnover, the export of Azerbaijani products to Italy amounted to $4.3 billion, while import from Italy was …

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EIA increases Azerbaijan’s 2022 oil production volume forecasts


The U.S. Energy Information Administration has increased its forecast for Azerbaijan’s average daily oil production for 2022. In its report released in August, the agency increased its forecast for the country’s daily oil production for 2022 by 20,000 barrels to 780,000 barrels. It should be noted that according to the report published …

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