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Economy

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

Azerbaijani beekeepers to receive subsidies worth about 1M manats

Azerbaijani beekeepers

Azerbaijan’s beekeeping farms, which did not receive subsidies in 2018, will receive them this year, Trend reports with reference to the country’s Ministry of Agriculture. “The Ministry of Agriculture held a regular meeting of the republican commission for issuing subsidies to individuals and legal entities involved in beekeeping,” a representative of the …

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Azerbaijan`s Agency for Development of SMEs and Kazakh Damu Entrepreneurship Development Fund sign MoU

Azerbaijan Kazakhstan

Azerbaijan`s Agency for the Development of Small and Medium-Sized Enterprises (KOBIA) and Kazakhstan`s Damu Entrepreneurship Development Fund have signed a Memorandum of Understanding on Cooperation on the sidelines of the “Ulttyk Onim 2019″ National Goods Exhibition in Nur-Sultan, the capital of Kazakhstan. The memorandum was signed by KOBIA`s Executive Director …

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Iran, Azerbaijan and Russia to establish joint railroad company

Iran,Azerbaijan and Russia

“Iran jointly with Azerbaijan and Russia will establish a railroad company,” said Deputy Director of the Iranian Railway Company Babak Ahmadli. He noted that the joint venture will increase transit goods as well as accept orders of the businessmen and state-owned companies. Ahmadli underlined that the sides already reached agreement. …

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Iran exports goods worth $442 m to Azerbaijan

Iran and Azerbaijan

Iran has exported goods worth $441,824,000 to Azerbaijan last year, according to Iran `s Trade Promotion Organization. Azerbaijan is the 12th largest importer of Iranian goods. Last year Iran exported goods worth $281 billion to Russia and $2.4 billion to Turkey. “Economic relations between Iran and Azerbaijan are rapidly developing,” …

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Russia was Azerbaijan`s top exporter in Q1 of 2019

Russia and Azerbaijan

“Russia, Switzerland and Turkey were Azerbaijan`s top three exporters in the first three months of the year,” according to the State Statistics Committee. Official figures suggest that Azerbaijan imported goods worth $437,723,000 from Russia in the first quarter of 2019. Imports from Switzerland totaled $412,076,000 million, while imports from Turkey …

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