Business

The priority areas of cooperation between Azerbaijan and Russia include key spheres of export supplies of Russian products of oil and gas industry, head of representative office of the Russian Export Center (REC) in Azerbaijan Nuri Guliyev told Trend.He said that the priority areas of cooperation – machine engineering, automotive, …

The modern Baku-Batumi highway, which will meet all international standards, will be put into operation in 2021, Azerbaijani Minister of Economy Shahin Mustafayev said at a press conference dedicated to the transport and transit potential of Azerbaijan on Nov. 23.The minister also noted that the expansion of the Ganja-Gazakh-Georgia border …

Fitch Ratings, an international rating agency, has noted improvement in the macroeconomic conditions in Azerbaijan, the agency said in a message.The message reads that in January-September 2018, the economy of Azerbaijan grew by 0.8 percent year-on-year, while the growth rate of non-oil GDP was one percent.Inflation fell sharply from 12.9 …

Uzbekistan has significantly increased its trade turnover with the countries of the Central Asian Regional Economic Cooperation (CAREC) in the first three quarters of 2018, Uzbek media reported, citing Foreign Trade Minister Jamshid Khojayev.“It is good to see that trade with CAREC member countries is growing at an accelerated pace. …

By Narmina Mammadova Officials think about the development of a legal framework that will allow starting industrial fish farming in the Caspian Sea.Director of the Fisheries Research Institute of the Azerbaijani Ministry of Ecology and Natural Resources, Mehman Ahundov, told Sputnik Azerbaijan that it is planned to develop a legal framework in order …

As a result of the measures taken in Azerbaijan, it is projected that the non-oil sector will grow 3.9 percent, Economy Minister Shahin Mustafayev said at the plenary session of the Azerbaijani parliament Nov. 13. “Considering the changes taking place in the global economy and the economic situation in our …

Azerbaijan intends to increase volume of fruit and vegetable exports to Baltic countries, the chairman of Azerbaijan’s Fruit and Vegetable Producers and Exporters Association Bashir Guliyev told Trend. Exports in this direction are not large yet, but they will increase by the end of 2018, and will grow further, Guliyev …

The Agency for Development of Small and Medium-Sized Enterprises (SMEs) at Azerbaijan’s Economy Ministry and the Azerbaijan National Confederation of Entrepreneurs (Employers) Organizations have signed a memorandum of understanding on cooperation, the ministry said in a message Nov. 2. The memorandum was signed as part of the international business forum …

Azerbaijan and Kazakhstan are interested in fully using their transit potential, Azerbaijan’s Prime Minister Novruz Mammadov said in an interview with Egemen Qazaqstan newspaper, Kazinform reported. “The multilateral cooperation established in culture, science, sport and others spheres is of paramount importance for our country,” he said. “Being a platform for …

India and Azerbaijan on Friday exchanged views on current economic situation and reviewed the current status of bilateral trade, investment and their cooperation in the fields of trade, economy, science and technology. At the 5th meeting of India-Azerbaijan Inter-Governmental Commission on Trade and Economic, Science and Technology Cooperation (IA-IGC) held …