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 …
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Azerbaijan-Russia Business Council eyes to develop co-op
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 …
Read More »Czech technology may be applied to Azerbaijan’s renewable energy sector
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 …
Read More »Indian tourist inflow to Azerbaijan up
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 …
Read More »Azerbaijani businesses strive to China
By Kamila Aliyeva Businesses of Azerbaijan, the leading nation of the South Caucasus with a population of 10 million people, strive to enter China. Being the second largest economy, China, without any doubt, has earned a global leader status on the international stage, and it seems impossible to disregard such world …
Read More »Azerbaijan almost self-sufficient in meat & dairy products
Azerbaijan brought self-sufficiency in meat and dairy products to 90 percent, Agriculture Minister Inam Karimov said at an event dedicated to the launch of a partnership program with the Food and Agriculture Organization of the United Nations (FAO). Under the partnership program with FAO, Azerbaijan will not only be a …
Read More »Shahdag and Tufandag named most popular tourist destinations in CIS
By Leman Mammadova In the modern world, tourism is one of the most dynamically developing and profitable sectors of the economy for each country. 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 …
Read More »Azerbaijan to send export mission to Poland soon
By Leman Mammadova The introduction of local products of Azerbaijan to international markets is boosting the non-oil sector of the economy and strengthens business ties with foreign countries. Therefore, Azerbaijan is organizing a number of export missions to promote national products under the Made in Azerbaijan brand. Azerbaijan will organize its next …
Read More »AZAL’s winter campaign: Free air tickets for children traveling with parents
Azerbaijan Airlines (AZAL) announces a new winter campaign for those traveling with their families. When purchasing two air tickets for adults (passengers should be parents and guardians) for the dates from February 1 to February 28, 2019, the airline provides a free air ticket for one child up to 12 …
Read More »Azerbaijan reduces wheat imports
By Narmina Mamadova In 2018, Azerbaijan imported more than 1 million tons of wheat worth $ 205.967. According to the State Customs Committee, the imports decreased by 193,528 tons or 15.2 percent in annual comparison, the cost – by $ 21,200 or 9.3 percent. Last year wheat imports accounted for …
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