Economy

Azerbaijan`s Minister of Digital Development and Transport Rashad Nabiyev has met with a delegation led by the newly appointed Secretary General of the Organization of Turkic States Kubanychbek Omuraliyev, who is on a visit to Baku. The meeting discussed the current state and prospects of cooperation of Azerbaijan with the …

The Azerbaijan-Türkiye-Turkmenistan summit is being held in Turkmenistan’s Avaza city on December 14, Trend reports. The meeting participants are supposed to discuss steps to further enhance cooperation among the three countries, primarily in trade, energy, and transport. Against the backdrop of strengthening economic and strategic relations of the Turkic states, Azerbaijan, Türkiye …

Azerbaijan’s Minister of Energy Parviz Shahbazov has met with Ambassador of Serbia to the country Dragan Vladisavljevic to discuss opportunities of electricity and gas exports. Touching upon the friendship and strategic partnership relations between the two countries, the sides emphasized the importance of the visit of President of Azerbaijan Ilham …

The Asian Development Bank (ADB) is assisting Georgia in construction of a new customs checkpoint on the Azerbaijani-Georgian border, Trend reports citing the Revenue Service of the Ministry of Finance of Georgia. The Deputy Head of the Revenue Service of the Ministry of Finance of Georgia Vladimer Khundadze held a working meeting …

It is expected that new flights will be launched from Astana to Baku during the spring/summer of 2023, Trend reports citing the Ministry of Industry and Infrastructural Development of the Republic of Kazakhstan. “It is expected to launch flights from Aktau and Shymkent to Ankara, from Almaty and Aktau to Medina, from …

Serbia is building a gas pipeline connection with Bulgaria on the Nis-Dimitrovgrad line to import natural gas from Azerbaijan and LNG from Greece, as part of the diversification of supplies, Serbian President Aleksandar Vucic said, Azernews reports. He noted that Serbia spends €200 million a month on gas supplies and …

President of the State Oil Company of Azerbaijan Republic (SOCAR) Rovshan Najaf has met with Chairman of Turkmengas State Concern Batyr Amanov and Chairman of Turkmennebit State Concern Guvanch Agajanov. During the meeting, the sides emphasized the successful development of mutual cooperation between Azerbaijan and Turkmenistan in various fields, including …

The Innovation and Digital Development Agency, PASHA Holding Group of Companies and individual investors have established a venture capital fund, Caucasus Ventures, which has great significance for the development of the innovation ecosystem. A presentation ceremony, took place on this occasion, was attended by representatives of well-known companies from public …

Currently, Tajikistan and Azerbaijan are actively cooperating in the trade, economic, investment and energy sectors, Ambassador of Tajikistan to Azerbaijan Rustam Soli told Trend. “Tajikistan has always attached particular importance to the development of trade, economic, humanitarian, and educational relations with Azerbaijan,” Soli emphasized. Touching upon the issue of energy cooperation …

The transition to the use of renewable energy sources (RES) is a priority and important task for both Azerbaijan and Hungary, Azernews reports with reference to Ambassador Extraordinary and Plenipotentiary of Hungary to Azerbaijan Tamás Torma. “We have already had dynamically developing bilateral cooperation in the energy sector, and our …