Business

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 …

Maintaining stability of prices and keeping inflation at 4 percent (±2 percent) will be the ultimate goal of the monetary policy of the Central Bank of Azerbaijan (CBA) in 2019, Chairman of the CBA Elman Rustamov said at an expanded meeting of the bank’s board Jan. 26, Trend reports. He …

The Azerbaijan-Russia Business Council intends to make maximum use of the existing potential for the development of cooperation between the business circles of the two countries, said Samad Gurbanov, chairman of the Board of the Council, Trend reports with reference to the Economy Ministry. He was speaking at a general …

The opportunity for Czech companies can represent the fields that are in priority to be developed by Azerbaijan’s government, to diversify the economy and support the development of the non-oil sector, Marta Novakova, Minister of Industry and Trade of the Czech Republic told Trend. “These are mainly agriculture, chemical and …

By Leman Mammadova Azerbaijan enjoys a great potential for the development of tourism. Nature, climate, historical monuments, cuisine, rich culture of the people and other factors lay the foundation for the development of many areas of tourism. There are wide opportunities for Azerbaijan to be recognized as a tourist destination …