Economy

Iranian Energy Minister Ali Akbar Mehrabyan said that Iran and Russia will exchange electricity through Azerbaijan, including Georgia and also Armenia, Azernews reports, citing Iranian media. “For the exchange of electricity with Russia, we used two routes – the Republic of Azerbaijan and Georgia-Armenia, and we are in the process …

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó. During the meeting, the sides emphasized the increasing dynamics of relations between the two countries, highlighting the role of mutual official visits, high-level meetings, and legal and contractual framework in terms of …

I think many people are interested in writing articles about Italy, expressing their opinions, reading about this country and studying it. It seems to me, that the main reason for the interest in this amazing country is its ancient and rich history, the beautiful and unusual nature that has made …

Azerbaijan opened 22 new companies in Uzbekistan in January-May 2023, Azernews reports. According to the Statistics Agency of Uzbekistan, Azerbaijan ranked ninth among ten countries that created new enterprises with foreign capital in Uzbekistan in the first five months of this year. During the reporting period, Russia leads in the number of …

Bulgaria imported 74.8 million cubic meters of natural gas from Azerbaijan in April 2023 compared to 44.5 million cubic meters in March, Azernews reports. Thus, gas imports to the country from Azerbaijan increased by more than 68 percent compared to the previous month. The cost of gas deliveries in April was 29.9 …

In an effort to bolster regional connectivity and enhance trade, the railway administrations of Kazakhstan, Azerbaijan, and Georgia have come together to collaborate on the development of the Trans-Caspian International Transport Route (TITR), Azernews reports. As noted by the Kazakhstan Railways (KTZ – Kazakhstan Temir Zholy), a trilateral agreement was signed between …

Telecommunication operators Kazakhtelecom and AzerTelecom have signed an agreement to establish a joint venture for the construction and operation of the Trans-Caspian fiber-optic communication line (FOCL) on the Caspian Sea bed along the route Azerbaijan-Kazakhstan, Azernews reports, citing the press service of the Kazakh company. The document was signed in …

In April 2023, Azerbaijan exported 814 million 775 thousand cubic meters of natural gas to Italy compared to 473 million cubic meters in March, Azernews reports with reference to the statistical office of the European Union – Eurostat. Thus, this figure increased by 1.7 times compared to the previous month. At the …

Co-organized by Caspian Energy Club and the Latvian Chamber of Commerce and Industry, the 16th international Caspian Energy Investment Forum Riga 2023 has been held. The Forum was held in the framework of activities planned to be conducted in 20 countries on the occasion of the 100th anniversary of National …

“10.2 billion cubic meters of gas will be transported to Türkiye and 12 billion cubic meters of gas to Europe via the Trans-Anatolian Natural Gas Pipeline (TANAP) this year, said Azerbaijani Ambassador to Türkiye Rashad Mammamadov. Mammadov noted that TANAP, as one of the most important steps in the successful …