Economy

Azerbaijani Economy Minister Mikail Jabbarov received representatives of China Energy International Group Co., which has advanced experience in the field of green energy, Azernews reports. The meeting discussed cooperation to accelerate the transition to green energy in Azerbaijan. At the meeting, information was presented on the development of Azerbaijan’s energy sector in …

At the Iraq-Azerbaijan business forum, economic and trade relations between the two countries, prospects for cooperation and expansion of relations between business circles, and opportunities for mutual investment were discussed, and an agreement was reached on the establishment of the Azerbaijan-Iraq Business Council, Azernews reports. The 1st Iraqi-Azerbaijani business forum was held …

In the grand tapestry of geopolitics and economic transformations, Azerbaijan stands as a vivid and compelling character, its narrative woven with the intricate threads of strategic prowess and bold economic shifts. The country, much like a protagonist in an epic tale, finds itself at the crossroads of Eastern Europe and …

Being one of the main factors affecting surroundings, humankind has tried to adapt the environment according to its needs throughout history. Even in pre-historic times, as humankind spread from Africa to other continents, many local animals and even plants started to go extinct in places where humankind stepped upon them. …

The Baku-Tbilisi-Kars railway line is planned to be put into full operation next year, Azernews reports, citing Georgian Vice Prime Minister, Economy, and Sustainable Development Minister Levan Davitashvili. He emphasised that the Trans-Caspian Transport Corridor is an integral part of the Trans-Caspian Transport Corridor and that effective cooperation is being carried out …

Iran introduced a new home-grown Deylaman destroyer in its Nothern (Caspian) fleet that many believe it could pave the way for the arming of the region. It says the destroyer weighs 1,500 tons, it was built by the Marine Industries Organization affiliated with the Iranian Defense Ministry, and it is …

Defense Ministers of Azerbaijan, Turkiye and Georgia will discuss regional security issues, areas of defense cooperation and future plans at a trilateral meeting in Baku today, Azernews reports. The meeting will be attended by the Head of the Azerbaijani Defense Ministry, Colonel General Zakir Hasanov, Turkish Defence Minister Yashar Guler and Georgian …

Apart from being a traditional sector, investing in agriculture looks beneficial and it is considered the most important field of business in the diversification of Azerbaijan’s economy. Azerbaijan has been famous for its agricultural products throughout history. During the USSR, the country was dubbed the garden (orchard) of the Soviets. …

In accordance with President Ilham Aliyev’s strategy of turning the territories liberated from occupation into Green Energy Zones, AzerEnergy has rebuilt and put into operation 6 small hydroelectric power stations (HPP) in Kalbajar district, Azernews reports. AzerEnergy said that in 2022 “Kalbajar-1″ with a capacity of 4.4 megawatts, in 2023 ” Chirag-1″ …

China stepped out among the traditional trade partners of Azerbaijan by leaving them behind in imports. Russia and Turkiye ranked first and second places in imports since the inception of Azerbaijan’s independence. It is the first time, China has overtaken them. Until eight years ago, China even was not among …