Business

Advantageous location of Azerbaijan makes it a perfect transit point between the main players in the greater region such as Russia and Iran. Joint project of the countries bring benefits and develop trilateral relations. Addressing the 15th meeting of the Iran-Russia Joint Committee on Economic and Trade Cooperation held in …

The 108th Session of the International Labor Conference is taking place in Geneva with the participation of delegations of the member countries of the International Labor Organization (ILO) and social partners, Trend reports. At the event, Azerbaijan is represented by a delegation led by Minister of Labor and Social Protection of the …

Beekeeping is rapidly developing in Azerbaijan, and this is facilitated by state support. Badraddin Hasratov, Chairman of the Management Board of Azerbaijan Beekeepers Association (ABA), told local media that the traditional honey fair in Baku will be held in early October. He noted that it is planned to collect at …

Russia, Azerbaijan business dialogue is held within the framework of the 3rd day of the St. Petersburg International Economic Forum (SPIEF), APA reports citing the official website of SPIEF. During the business dialogue, development of cooperation in various fields including tourism, agriculture, and implementation of large-scale infrastructure projects are being discussed. The …

Local hazelnuts strive for entering new foreign markets to stimulate increase in the non-oil share in the country’s economy. Azerbaijan exported 7,060 tons of hazelnuts worth $38.37 million in the first quarter of 2019. Compared to the same period last year, exports in quantitative terms increased by 57.3 percent, and in …

Electronics Laboratory Center will be created in Azerbaijan, Sumaks Technologies company head Javid Mammadov told Trend May 23. He said that experts in the field of electronics and microcontroller programming will be trained in the center. “There are very few electronics engineers in Azerbaijan, and most of them don’t meet modern requirements,” …

The export of Azerbaijan’s crop products to European markets has acquired a large scale, said Goshgar Tahmazli, chairman of the Food Safety Agency, Trend reports. According to him, the existing requirements for the supply of Azerbaijani products to European markets comply with international standards. “Azerbaijani products are easily exported to EU countries. …

Azhazelnut, an Azerbaijani company, started exporting hazelnuts to Latvia in April 2019, a source at the company told Trend. According to the source, 21 tons of hazelnuts have been exported so far and further export volumes will depend on demand. Azhazelnut has been operating in Azerbaijan since 2002. The main tasks …

Favorable conditions created for foreign investors in Azerbaijan attract the businessmen to invest in various spheres in the country. Pakistani pharmaceutical company WnsFeild Pharmaceuticals eyes to enter the Azerbaijani market, said Zafar Balok, director of the company’s Sales and Export Department. He noted that the Azerbaijan-Turkey-Pakistan Forum, which was held in Baku …

By Rashid Shirinov Azerbaijan intends to significantly increase hazelnut production in 2018, according to the Azerbaijan Hazelnut Exporters Consortium. Its representative noted that the Consortium plans to increase production by almost 48 percent. “We plan to produce 60,000-65,000 tons of hazelnut in 2018, which is much more than last year. …