Business

By Leman Mammadova Poland hopes for new investment projects with Azerbaijan, Poland’s Ministry of Entrepreneurship and Technology told Trend. The ministry noted that the Poland-Azerbaijan Business Forum is planned to be held in the first half of 2019. “It will accompany the session of the Polish-Azerbaijani economic commission. We hope that …

The search for new salt deposits at the Boyukduz mine in the Kangarly District of Azerbaijan’s Nakhchivan Autonomous Republic is scheduled to start in 2019, Anar Asadullayev, director of Nakhchivan Duz Istehsali Ltd., told Trend. “It is difficult to say what month the work might begin, everything will depend on …

By Leman Mammadova The German-Azerbaijani Business Dialogue was organized by the Member of the German Bundestag Mark Hauptman and the Azerbaijani Embassy in Germany on November 28 in Berlin. Azerbaijan Export and Investment Promotion Foundation (AZPROMO) has acted as the partner of the event.The purpose of the business dialogue was …

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 …