Economy

Azerbaijan’s Export and Investment Promotion Agency (AZPROMO) has participated in the Japanese business forum, which took place in Tbilisi, Georgia, Azernews reports. Having joined online, AZPROMO Adviser to the Executive Director Zohrab Gadirov provided information about the work the agency implemented to create a favorable business and investment environment in …

The total production of Azerbaijan’s Azeri-Chirag-Guneshli (ACG) block of fields has amounted to 114 million barrels during the three quarters of 2022, bp Azerbaijan told Azernews. From January to September, the total production from the block of fields amounted to 418,000 barrels per day. Of this, the Chirag field accounted …

Hungary is definitely interested in including Azerbaijani gas in its future energy mix, Ambassador Extraordinary and Plenipotentiary of Hungary to Azerbaijan Tamás Torma said in an exclusive interview with Trend on November 3. Our political leaders have reiterated this intention at various forums, for the last time in June this year, when …

President of the State Oil Company of Azerbaijan (SOCAR) Rovshan Najaf has met with Ambassador of the Czech Republic to the country Milan Sedláček. Ambassador Milan Sedláček expressed his gratitude for the support shown for screening of the documentary film in Azerbaijan`s Oil Rocks which will be a part of …

A delegation from Russia’s Nizhny Novgorod is planning a business mission to Azerbaijan on November 3-5, Azernews reports. The remarks were made during a videoconference meeting between Russia’s Trade Representative office in Azerbaijan and business representatives of Nizhny Novgorod, organized as part of a project, called “An hour with the …

An Azerbaijan-Japan-Georgia business forum has been held in the Georgian capital Tbilisi. Businessmen from Azerbaijan, Japan, Georgia and Turkiye, as well as Chairman of the Board of the Azerbaijani Businessmen’s Union (AZEBI) Nariman Gurbanov, members of the organization, Counselor of the Azerbaijani Embassy to Georgia Sarkhan Ismayilov attended the event. …

Azerbaijan and Germany have discussed opportunities for joint cooperation, Azernews reports. The discussion took place during a meeting between Azerbaijan’s Small and Medium Business Development Agency Board Chairman Orkhan Mammadov and Germany’s Federal Association for Economic Development and Foreign Trade Federal Managing Director Urs Unkauf. “Meeting with Urs Unkauf, Federal …

The reconstruction of the checkpoints on the Azerbaijan-Russian border is planned to be completed by 2026, Chairman of the Russian Transport Ministry Mikhail Kokoyev said. The official noted that the first stage of the reconstruction of the Yarag-Kazmalyar border checkpoint will be finalized by the end of the year. He …

Money transfers from Azerbaijan to Georgia significantly decreased in September 2022, Trend reports with reference to the National Bank of Georgia. According to the Bank, remittance flows from Azerbaijan to Georgia in September of this year amounted to $4.5 million, which is a decrease of 42.3 percent over the same month in …

Azerbaijan, attaching great importance to ties with Japan and participation in Expo world exhibitions, has become the first country which signed an agreement to participate in Expo 2025 in Osaka, Trend reports on October 25. The agreement was signed by Expo 2025 Commissioner General for Azerbaijan Anar Alakbarov, Expo 2025 Secretary General …