“The combat capability of the Azerbaijani Army is one of the key factors in ensuring the territorial integrity of the country,” said Minister of Defense Colonel General Zakir Hasanov at an official meeting held at the Central Command Post. Participants in the event included deputy defense ministers, commanders of the …

Azerbaijan is a very active country in the International Telecommunication Union (ITU) and is respected for its activities in the union, François Rancy, director of ITU Radiocommunication Bureau, told Trend. Speaking of the broadcasting services of the ITU member countries, Rancy said that to use a frequency band, the countries …

A minibus with Azerbaijani citizens turned over in Russia’s Stavropol region, six people were injured, Trend reports referring to the Ministry of Emergency Situations of the region. “The information was obtained at 10:45 (GMT+3),” the ministry said. “According to the information, a Mercedes minibus transporting Azerbaijani citizens and running along …

The average price in the car market of Baku was 42,152 manats in November 2018, Nusret Ibrahimov, director general of the consulting company MBA Group and real estate expert, told Trend. He said the average price in the car market increased by 12.22 percent compared to the previous month. In …

Indian oil companies are looking forward to expand their business with partners in Azerbaijan’s oil and gas sector, Sanjay Rana, the Indian Ambassador to Azerbaijan, told Trend. He reminded that an Indian multinational oil and gas company Oil and Natural Gas Corporation (ONGC) has share in Azerbaijan’s Azeri-Chirag-Gunashli (ACG) oil …

The value of investments of Azerbaijan’s state oil company SOCAR in Turkey will reach $19.5 billion, director general of the STAR oil refinery of SOCAR, Mesut Ilter, told the Turkish media Jan. 5, Trend reports. Speaking about current projects, Ilter noted that the STAR refinery (one of SOCAR’s assets in …

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 …