Economy

Azerbaijani Economy Minister Mikayil Jabbarov and Georgia’s Economy and Sustainable Development Minister Natela Turnava have discussed the potential expansion of trade relations and mutual investment. The discussion took place on the sidelines of the Azerbaijan-Turkey-Georgia business forum that kicked off in Baku on December 14. During the meeting, Jabbarov noted that successful bilateral …

Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has held a number of meetings in the State of Qatar, as part of his visit to the country. During the meeting with First Vice Chairman of Qatar’s Chamber of Commerce and Industry Mohamed …

The Small and Medium Business Development Agency of Azerbaijan has organized an Azerbaijan-Saudi Arabia roundtable on investment cooperation. Addressing the event, chairman of the Management Board of the Agency Orkhan Mammadov and representative of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Zohrab Gadirov spoke about investment opportunities in the …

Azerbaijan`s Minister of Energy Parviz Shahbazov has met with CEO of Saudi Arabia`s National Companies Promotion Program Badr AlBadr. The sides exchanged views on current and future investment opportunities in Azerbaijan’s energy sector. The meeting continued in a wide format with a delegation from the Ministry of Investment of Saudi …

Iran, Azerbaijan and Georgia have reached an agreement for establishing a transit route connecting the Persian Gulf to the Black Sea, said Director General of the Transit and International Affairs Department of Road Maintenance and Transportation Organization (RMTO) of Iran Javad Hedayati. “This transit route could provide Iranian access to …

The Embassy of India in Baku, in association with the Electronics and Computer Software Export Promotion Council (ESC) of India, has organized a webinar followed by B2B interactions on electronics and computer software products. The event which was part of the celebrations of 75 years of India’s Independence – Azadi …

Azerbaijan increased the trade turnover with Italy by $2.8 billion in January-October 2021, the State Customs Committee has reported. During the first 10 months of the year, the trade turnover between the two countries amounted to $7 billion, with exports accounting for $6.6 billion and imports for $351 million. Thus, Italy was …

Russia’s agriculture watchdog Rosselkhoznadzor has lifted the ban on tomato and apple imports from 12 more Azerbaijani enterprises, starting from December 6. The decision was made based on the results of the quarantine phytosanitary examination of samples of products selected during the joint video inspections, and under the guarantees of Azerbaijan’s Food …

Azerbaijan has supported the decision made on increasing daily oil production within the OPEC+ agreement by 400,000 barrels for January 2022, the Energy Ministry has reported on its website. The decision was taken at the 23rd Ministerial Meeting of the OPEC and non-OPEC countries. Energy Minister Parviz Shahbazov stated that …

Azerbaijan’s investment opportunities were presented in Korea within the forum entitled “Azerbaijan-Korea trade and investment forum: Great return to Karabakh: investment potential of liberated lands, ongoing and planned projects”. The event was organized jointly by Azerbaijan’s Export and Investment Promotion Foundation (AZPROMO), Azerbaijan’s embassy in Korea, and the Korea International …