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Economy

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

Trade turnover between Azerbaijan, India decreases

Azerbaijan, India

Trade turnover between Azerbaijan and India totalled $1 bln 107.9 mln in January-November 2023. Based on the report of the State Customs Committee, the volume of this indicator decreased by 40 percent or $751.1 million compared to the corresponding period of last year, Azernews reports. Thus, in January-November 2022, the volume of …

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Western Azerbaijani Community responds to US Secretary of State

Western Azerbaijani Community

Western Azerbaijani Community reacted to US Secretary of State’s statement: “We categorically reject this list”, Azernews reprots. Azernews reprots, Western Azerbaijani Community statement says: US Secretary of State Antony Blinken arrogantly included Azerbaijan in some so-called list related to religious freedom. First of all, no one has authorised the US to make …

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Turkiye denies reports of minesweepers passing through Black Sea

Black Sea

The Turkish authorities have rejected claims that minesweepers presented by the UK to Ukraine allegedly passed through the Black Sea straits, Azernews reports. According to the information, such allegations do not correspond to reality. The document emphasizes that Turkey strictly adheres to the Montreux Convention, which sets the rules of passage through …

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Azerbaijan’s GL to collaborate with Baker Hughes

Azerbaijan

GL, Azerbaijan’s first private energy company, through its subsidiary GL Technical Services (GLTS), has signed a Memorandum of Understanding (MoU) with one of the world’s leading industrial services providers, Baker Hughes, Azernews reports. This enables GLTS to gain access to advanced technology and enhance the competence of its people to world-class industry …

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Azerbaijan Energy Ministry holds regular board meeting

economy

The regular board meeting was held under the chairmanship of Azerbaijan Energy Minister Parviz Shahbazov, with the participation of board members, representatives of structural units of the ministry, and subordinate institutions, Azernews reports. The Ministry informed that the chairman made a speech and said that important measures for the future development of …

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