Business

An Azerbaijani wine-making company Aspi Agro LLC, operating in the country’s Gabala district, plans to expand its export geography, the company told Trend. The company plans to export its products to neighboring Turkey. “We plan to export “Savalan” wines to the new market. This brand is very popular in Azerbaijan, …

Market value of SOCAR Turkey Energy, a subsidiary of the State Oil Company of Azerbaijan (SOCAR) in Turkey, has reached $11 billion said SOCAR Turkey Energy CEO Zaur Gahramanov, Turkish media reported. Goldman Sachs bought 13 percent share in SOCAR Turkey Energy for $1.3 billion in August 2015. “Today, the …

The European Bank for Reconstruction and Development (EBRD) is ready to consider the possibility of further allocating manat loans to Azerbaijani companies, Head of EBRD Baku office Ivana Duarte told Trend. “The development of local capital markets and local currency lending is among our top priorities in Azerbaijan. Companies, which …

This year Azerbaijan has again become the general sponsor of the Prodexpo-2019 exhibition, which will present the national stand Made in Azerbaijan. Azerbaijan will present a wide range of national products at the 26th international exhibition of food products, beverages and raw materials for their production ProdExpo-2019, the trade representation of …

A large-scale meeting on the results of 2018 was held at the head office of AzerGold CJSC. Opening the meeting, Chairman of the Board of AzerGold CJSC Zakir Ibrahimov spoke about the reforms carried out under the leadership of Azerbaijani President Ilham Aliyev and the development of the non-oil sector. …

Azerbaijan has temporarily restricted poultry and animal meat imports from some regions of Russia, Trend reports with reference to Azerbaijan’s Food Safety Agency. Earlier, the World Organization for Animal Health has identified cases of Newcastle disease in Russia’s Krasnodar Krai, as well as foot-and-mouth disease in Russia’s Khabarovsk Krai regions. …

A meeting with the Special Representative of the European Union for Central Asia, Peter Burian, was held at the Ministry of Foreign Affairs of Turkmenistan, Trend reports referring to the Turkmen foreign ministry. The parties discussed the initiatives of Turkmenistan and Romania on the construction of the “Caspian Sea-Black Sea” …

Russia’s Metrovagonmash JSC (a part of Transmashholding JSC) and Baku Metro CJSC have signed an agreement to supply 30 subway railcars to Baku, Trend reports with reference to the company. In accordance with the agreement, six trains will be built for the Baku subway by the end of 2019. The …

Infrastructure at border crossing points will be modernized in Azerbaijan in 2019 and measures will be taken to simplify cross-border trade, Safar Mehdiyev, chairman of the State Customs Committee of Azerbaijan, said in an interview with Trend. Mehdiyev noted that also measures to minimize contacts between the official and the …

Hallabong, a rare citrus fruit, has been planted from more than 100 hectares (ha) of land in Azerbaijan’s Lankaran, the Lankaran City Executive Power told Trend. The harvest time of this fruit differs from other citrus fruits: “Although other citrus fruits of the southern region are harvested in October-November, the …