Economy

On November 21, representatives of Kyrgyz companies operating in the fields of textile, construction, agrarian, logistics, etc. held a familiarisation visit to Sumgayit Chemical Industrial Park, Azernews reports. The Economic Zones Development Agency (EZDA) said that EZDA Deputy Chairman Fuad Maharramov informed company representatives about industrial zones operating in Azerbaijan, favourable investment …

To hold discussions within the framework of Article IV Consultations between the International Monetary Fund (IMF) and the government of Azerbaijan, the mission of the Fund headed by Anna Bordovisited Azerbaijan, Azernews reports. Azerbaijani Finance Ministry said that during the visit, the IMF mission held meetings in the Ministries of Finance, Economy …

A meeting of the Joint Commission on trade-economic, scientific-technical, and cultural cooperation between Azerbaijan and Iraq will be held in the coming days, President of the Republic of Azerbaijan Ilham Aliyev said during a one-on-one meeting with President of the Republic of Iraq Abdullatif Jamal Rashid on 20 November, Azernews reports. Azerbaijani …

In September 2023, Greece imported 157.3 million cubic metres of natural gas from Azerbaijan, and in August, this indicator was 162.8 million cubic metres, Azernews reports, citing Eurosat, the Statistical Office of the European Union. This means a 3.4 percent decrease in the volume of imports compared to the previous month. In …

Turkish Transport and Infrastructure Minister Abdulkadir Uraloğlu attended the 7th Transport Ministers Meeting of the Organisation of Turkish States (OTS) held in Zangilan, Azerbaijan. Uraloğlu gave a speech and noted that OTS countries are a community that has the potential to become a global power with a young and dynamic …

Prospects for expanding mutual cooperation in the energy sector between the State Oil Company of Azerbaijan (SOCAR) and the Bolivarian Republic of Venezuela have been discussed, Azernews reports. With reference to SOCAR, this became known during the meeting of SOCAR President Rovshan Najaf with Ambassador Extraordinary and Plenipotentiary of Venezuela to Azerbaijan, …

The projects carried out in the field of “green energy” provide an opportunity to expand the potential of electricity production and export, and open wide prospects for the transportation of electricity from Central Asian countries to Europe through Azerbaijan. This was announced at a tripartite meeting held in Baku with …

Azerbaijan’s tourism potential has been presented in Shanghai, one of the largest cities in China, with reference to local media outlets, Azernews reports. Speaking at the event attended by representatives of Chinese tourism companies, Chairman of the State Tourism Agency Fuad Nagiyev said Azerbaijan, with its cultural heritage, colourful nature, and ancient …

“Currently, the Caspian region is experiencing a number of difficulties related to the negative impact of unresolved environmental problems.” This was stated by Minister of Ecology and Natural Resources Mukhtar Babayev at the meeting of the expert group to study the causes of changes in the level of the Caspian …

Azercosmos, the Space Agency of the Republic of Azerbaijan, has recently signed a new agreement with the Turkish satellite communications operator Türksat. According to the agreement, Türksat will be able to use the power of the Azerspace-2 telecommunications satellite in projects related to the transmission of satellite data in the …