Economy

I think many people are interested in writing articles about Italy, expressing their opinions, reading about this country and studying it. It seems to me, that the main reason for the interest in this amazing country is its ancient and rich history, the beautiful and unusual nature that has made …

Azerbaijan opened 22 new companies in Uzbekistan in January-May 2023, Azernews reports. According to the Statistics Agency of Uzbekistan, Azerbaijan ranked ninth among ten countries that created new enterprises with foreign capital in Uzbekistan in the first five months of this year. During the reporting period, Russia leads in the number of …

Bulgaria imported 74.8 million cubic meters of natural gas from Azerbaijan in April 2023 compared to 44.5 million cubic meters in March, Azernews reports. Thus, gas imports to the country from Azerbaijan increased by more than 68 percent compared to the previous month. The cost of gas deliveries in April was 29.9 …

In an effort to bolster regional connectivity and enhance trade, the railway administrations of Kazakhstan, Azerbaijan, and Georgia have come together to collaborate on the development of the Trans-Caspian International Transport Route (TITR), Azernews reports. As noted by the Kazakhstan Railways (KTZ – Kazakhstan Temir Zholy), a trilateral agreement was signed between …

Telecommunication operators Kazakhtelecom and AzerTelecom have signed an agreement to establish a joint venture for the construction and operation of the Trans-Caspian fiber-optic communication line (FOCL) on the Caspian Sea bed along the route Azerbaijan-Kazakhstan, Azernews reports, citing the press service of the Kazakh company. The document was signed in …

In April 2023, Azerbaijan exported 814 million 775 thousand cubic meters of natural gas to Italy compared to 473 million cubic meters in March, Azernews reports with reference to the statistical office of the European Union – Eurostat. Thus, this figure increased by 1.7 times compared to the previous month. At the …

Co-organized by Caspian Energy Club and the Latvian Chamber of Commerce and Industry, the 16th international Caspian Energy Investment Forum Riga 2023 has been held. The Forum was held in the framework of activities planned to be conducted in 20 countries on the occasion of the 100th anniversary of National …

“10.2 billion cubic meters of gas will be transported to Türkiye and 12 billion cubic meters of gas to Europe via the Trans-Anatolian Natural Gas Pipeline (TANAP) this year, said Azerbaijani Ambassador to Türkiye Rashad Mammamadov. Mammadov noted that TANAP, as one of the most important steps in the successful …

Within the Astana International Forum, Energy Minister Parviz Shahbazov met with Serik Zhumangarin, Deputy Prime Minister of Kazakhstan – Minister of Trade and Integration, co-chair of the Joint Intergovernmental Commission, Azernews reports, citing the Azerbaijani Energy Ministry. It was noted that the visit of the President of the Republic of …

Azerbaijan’s Economy Minister Mikayil Jabbarov has met with Romanian Minister of Energy Virgil-Daniel Popescu. Minister Mikayil Jabbarov stressed the successful development of relations with Romania, the importance of mutual visits and meetings in expanding cooperation. He noted that Azerbaijani-Romanian economic and trade partnership is expanding, the trade turnover is increasing …