Economy

Pakistan’s International Brands Limited (IBL) has expressed interest in investing pharmaceutical industry in Azerbaijan’s industrial zones during the meeting between Chairman of Board of Azerbaijan’s Agency for Development of Economic Zones (ADEZ) Elshad Nuriyev, Pakistani Ambassador to the country Bilal Hayee and IBL CEO Syed Nadeem Ahmed. Describing Pakistan as …

Tax incentives have been introduced to entrepreneurs engaged in agriculture and agro-processing sectors, Azernews reports, referring to the State Tax Service (STS) under the Ministry of Economy of Azerbaijan. The aim of tax incentives is to replace imported products, optimize cost and reduce prices. “As it is known, against the …

Matteo Villa, Head of the Institute for International Political Studies (ISPI) DataLab, said that the Trans-Adriatic Pipeline (TAP) saved Italy from deindustrialization, Azernews reports, referring to Trend. “For Italy, 2022 was an important year in terms of diversification. We have the TAP, which, in 2021, saved us all. We have …

As part of a wildlife reintroduction project, Silk Way West Airlines flew 100 yaks over more than 2,000 kilometres from Kyrgyzstan to Azerbaijan. The cargo experts transported the herd from Bishkek Manas International Airport to Baku Heydar Aliyev International Airport. Moving these animals was a challenge that the freight airline …

Within the framework of President Ilham Aliyev’s visit to Romania, the “Agreement between the governments of the Republic of Azerbaijan, Georgia, Romania and Hungary on strategic partnership in the field of development and transfer of green energy” was signed on December 17. The agreement essentially opens a new stage in …

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Deputy Prime Minister of Uzbekistan, Minister of Investments and Foreign Trade Jamshid Khodjaev. “During the meeting with Deputy Prime Minister, Minister of Investments and Foreign Trade of Uzbekistan Jamshid Khodjayev, we have touched upon the opportunities created by the friendship and …

On December 21, a trilateral meeting between the defense ministers of Azerbaijan, Turkiye, and Georgia was held in Turkiye’s Kayseri, Azernews reports, citing the Defense Ministry. Azerbaijani Defense Minister Col-Gen Zakir Hasanov, National Defense Minister of Turkiye Hulusi Akar, and Minister of Defense of Georgia Juansher Burchuladze talked about the …

The first day of the International Baku-Shusha Forum of heads of public structures responsible for diaspora issues was held on December 20 in Baku, Azernews reports. The forum touched upon essential projects regarding the Turkic diasporas’ integration, the enhancement of cultural and humanitarian cooperation of the Turkic states, the significance …

Switzerland is interested in the development of cooperation with Azerbaijan through the Middle corridor, Head of Bilateral Economic Relations Division of the Swiss State Secretariat for Economic Affairs (SECO) Erwin Bollinger told Trend. “There is a lot of potentials. This corridor will shorten the way of supplies from East to West,” …

Azerbaijan and Uzbekistan are closely cooperating in innovative public services, Justice Minister Akbar Tashkulov said. He made the remarks at the international forum on “The path to advanced governance: toward sustainable and innovative public services”, Azernews reports. “Uzbekistan collaborates and exchanges experience with the ASAN service in the innovative public …