Economy

Serbia is building a gas pipeline connection with Bulgaria on the Nis-Dimitrovgrad line to import natural gas from Azerbaijan and LNG from Greece, as part of the diversification of supplies, Serbian President Aleksandar Vucic said, Azernews reports. He noted that Serbia spends €200 million a month on gas supplies and …

President of the State Oil Company of Azerbaijan Republic (SOCAR) Rovshan Najaf has met with Chairman of Turkmengas State Concern Batyr Amanov and Chairman of Turkmennebit State Concern Guvanch Agajanov. During the meeting, the sides emphasized the successful development of mutual cooperation between Azerbaijan and Turkmenistan in various fields, including …

The Innovation and Digital Development Agency, PASHA Holding Group of Companies and individual investors have established a venture capital fund, Caucasus Ventures, which has great significance for the development of the innovation ecosystem. A presentation ceremony, took place on this occasion, was attended by representatives of well-known companies from public …

Currently, Tajikistan and Azerbaijan are actively cooperating in the trade, economic, investment and energy sectors, Ambassador of Tajikistan to Azerbaijan Rustam Soli told Trend. “Tajikistan has always attached particular importance to the development of trade, economic, humanitarian, and educational relations with Azerbaijan,” Soli emphasized. Touching upon the issue of energy cooperation …

The transition to the use of renewable energy sources (RES) is a priority and important task for both Azerbaijan and Hungary, Azernews reports with reference to Ambassador Extraordinary and Plenipotentiary of Hungary to Azerbaijan Tamás Torma. “We have already had dynamically developing bilateral cooperation in the energy sector, and our …

A delegation led by Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), visited the bp-operated Shah Deniz Bravo platform. The purpose of the visit was to get acquainted with the current operations and processes and to discuss the existing and future opportunities for the …

Azerbaijan has launched a large-scale work on the implementation of renewable energy projects throughout the country, with a special focus to the Karabakh and East Zangazur economic zones. Since the liberation of those lands from Armenian occupation, Azerbaijani government has announced the aim to achieve a 30 percent share of …

Tickets for regular bus trips for December to the cities of Shusha, Aghdam and Fuzuli, organized by the Azerbaijan Land Transport Agency under the Ministry of Digital Development and Transport, will go on sale on 25 November 2022 at 16:00. Passengers can buy round-trip tickets for the established routes in …

Since about 70 percent of the earth’s cover is water, it is undoubtedly becoming one of the world’s greatest resources. It is an important element for both domestic and industrial purposes and is used in almost all areas and processes of human activities. Nevertheless, a closer inspection of the planet’s …

Azerbaijan-Georgia trade relations remain among the major issues of the economic agenda, Minister of Digital Development and Transport of Azerbaijan Rashad Nabiyev said at the event dedicated to the 30th anniversary of Azerbaijan-Georgia diplomatic ties, Trend reports. “The mutual trade turnover between Azerbaijan and Georgia amounted to $580 million in the first …