Economy

As part of his visit to the Kingdom of Saudi Arabia, Azerbaijan’s Minister of Energy Parviz Shahbazov has met with Chairman of the Board of Directors of ACWA Power Mohammad Abunayyan. The meeting discussed the current state of cooperation on the Khizi-Absheron Wind Power Plant with a capacity of 240 …

The Federal Air Transport Agency issued permits to the Irkutsk airline IrAero to operate flights to Azerbaijan and China, Azernews reports, citing foreign media outlets. The carrier was approved for flights to Baku: twice a week from Krasnodar and Rostov-on-Don, and four times a week from Sochi. It was also …

An Azerbaijan-Lithuania business forum with participation of President of the Republic of Azerbaijan Ilham Aliyev and President of the Republic of Lithuania Gitanas Nausėda has been held in Vilnius, Azernews reports. The heads of state made speeches at the business forum. Address by President Gitanas Nausėda – Your Excellency, President of the …

Azerkosmos and Agro Dairy, the largest agricultural company in Azerbaijan, have signed a cooperation agreement on the use of satellite images in monitoring agricultural fields, Azernews reports. The contract was signed within the framework of the Caspian Agro Azerbaijan International Agricultural Exhibition. Thanks to this cooperation, monitoring of the state of development …

Israel launched a comprehensive national plan to integrate hydrogen into the country’s energy landscape, the Israeli Ministry of Energy and Infrastructure said in a statement on Monday, Azernews reports citing Xinhua. The plan is part of the ministry’s target for a low-carbon energy economy until 2050, with hydrogen having a …

A total of 479 companies from 31 countries will participate in the 16th Azerbaijan International Agriculture (Caspian Agro) and 28th Azerbaijan International Food Industry exhibitions (InterFood Azerbaijan), which will be held on May 17-19 at the Baku Expo Center, Azernews reports, citing project manager of Caspian Event Organizers company Zarina Mammadova, telling …

The 7th meeting of the Joint Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation between the governments of Azerbaijan and Romania will be held in Bucharest, co-chairman of the commission from the Azerbaijani side, Minister of Labour and Social Protection of Population Sahil Babayev said, the ministry told Azernews. …

Increasing the number of Azerbaijani satellites is one of the important issues, Azernews reports, citing the Chairman of Azerkosmos, Samaddin Asadov telling at the discussion of the new draft law “On Space Activity”, which was discussed at the committee meeting of the Milli Majlis on May 11. He noted that currently, Azerbaijan …

The Cabinet of Ministers has made changes in the “goods nomenclature of foreign economic activity of the Republic of Azerbaijan, rates of import customs duties and rates of export customs duties,” Azernews reports. The decision was prepared in order to adapt the current legislation to the “Protocol on Amendments to the Preferential …

Chairman of Azerbaijan’s State Customs Committee, Customs Service Lieutenant General Shahin Baghirov has met with a delegation led by Parliamentary Vice-Minister for Foreign Affairs of Japan Yoshikawa Yuumi. Touching upon the economic and trade relations between the two countries, the sides stressed the importance of further strengthening of cooperation in …