Economy

The Caspian Energy Club and the Union of Azerbaijani Businessmen in Georgia (AZEBI) have signed a Memorandum of Cooperation. The document was inked by AZEBI Chairman of Board Nariman Gurbanov and Chairman of the Board and Chief Executive Officer of the Caspian Energy Club Telman Aliyev. The document aims to …

Danish transport and logistics group Maersk has launched an updated rail service that connects China and Europe, Azernews reports. Freight will be transported through Kazakhstan, Azerbaijan, Georgia, Romania, and it will take approximately 40 days to deliver rail freight to its destinations. After passing the border of Khorgos between China …

Belarusian Prime Minister Roman Golovchenko will pay a working visit to Azerbaijan on May 18, Azernews reports citing Belta. “The focus of the visit is concrete and practical. If the Azerbaijani side is not interested in some directions, they have more profitable offers from other states, then we need to …

A delegation of the Azercosmos, Space Agency of Azerbaijan has attended the “Space Technology Conference” held in Tashkent, Uzbekistan on May 10-11. The event, held for the first time in the Central Asian region, was attended by representatives of the region’s space agencies and the international space community. The event’s …

ADY Container LLC, a subsidiary of Azerbaijan Railways, and the Austrian Rail Cargo have signed a memorandum of understanding and cooperation. The memorandum was signed during a meeting between Azerbaijani Railways CJSC chairman Javid Grubanov and Austrian Federal Railways JSC chairman Andreas Matte. Within the framework of the document, the sides will …

Azerbaijan`s Minister of Energy Parviz Shahbazov has left for the United Arab Emirates (UAE) to participate in the World Utilities Congress to be held in Abu Dhabi on May 9-11 at the invitation of Minister of Energy and Infrastructure Suhail Mohamed Al Mazrouei. As part of the visit, the Minister’s …

Azerbaijan’s Energy Minister Parviz Shahbazov has attended the Ministerial round table on “Southeastern Energy Transition: Regional Cooperation for Energy Security, Diversification and Green Transition” held in Sofia, Bulgaria. Addressing the opening ceremony, Minister Parviz Shahbazov highlighted the energy dialogue with the Union following the meeting between President of Azerbaijan Ilham …

BP’s Executive Vice President – production and operations – Gordon Birrell has arrived on an official visit to Baku, BP Azerbaijan has said. “This is a planned working visit and one of Gordon’s regular trips to Azerbaijan,” the company said. It was noted that during the visit, Birrell will have meetings …

The average time of freight traffic between the border of Azerbaijan and Georgia’s Batumi Port will be reduced by 4 hours under Asian Development Bank’s (ADB) support program, Trend reports via ADB’s Annual Report. According to the report, ADB has allocated $50 million to Georgian Railway JSC in $500 million of green …

Georgia’s total trade turnover with Azerbaijan from January through March 2022 amounted to $355.3 million – a 9.2-percent share of the total foreign trade turnover, Trend reports via the National Statistics Office (Geostat). The current figure increased by 42 percent, compared to $250.2 million over the reporting period of 2021. According to …