Oval Useful news from Azerbaijan and Caucasus

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.93 to stand at $58.27.

By Leman Mammadova Azerbaijan’s electricity production amounted to 22.52 billion kilowatt-hours in 2018, thus showing an increase of 3.4 percent compared to 2017, Trend reports referring to Azerenergy JSC. The electricity exports to Russia, Georgia, Iran and Turkey increased by 175 million kilowatt-hours or 14.2 percent in 2018 compared to 2017. Over …

Individuals in Azerbaijan will be able to get back a part of the value added tax (VAT) during purchases in retail and catering networks after development of a corresponding mechanism, the Ministry of Taxes told Trend. Since Jan. 1, 2019, amendments to the Tax Code have entered into force in …

Koichiro Matsuura congratulated President Ilham Aliyev on 15th anniversary of his activities in the post of President of the Republic of Azerbaijan. He noted that as a result of successful implementation by President Ilham Aliyev of the strategy laid by outstanding statesman Heydar Aliyev, Azerbaijan has rapidly developed and become …

Azerbaijan has proposed Colombia-Istanbul-Baku-Tbilisi route for increasing the tourist flow from Colombia, charge d’affaires of the Azerbaijani embassy in Colombia Hamid Zeynalov told Trend. “I held meetings with major Colombian travel companies and gave information about winter and summer tourism in Azerbaijan. Mostly tourists come to Azerbaijan from three large …

By Laman Ismayilova Giuseppe Verdi’s “Don Carlos” opera will be presented at the Russian State Academic Bolshoi Theater on January 23-26. People’s Artists of Azerbaijan Dinara Aliyeva and Yusif Eyvazov will perform in the opera, Trend Life reported. Don Carlos is a five-act grand opera composed by Giuseppe Verdi to …

By Leman Mammadova Milk processing is one of the potential spheres, since milk and other dairy products may constitute a significant share in  Azerbaijan’s non-oil sector. All dairy products are considered vital for food security of the country. Moreover, export oppotunities are high and soon Azerbaijan may launch sales of its dairy products …