Economy

Chisinau is interested in attracting Azerbaijani investors and diversifying gas supply sources with the help of Baku, Deputy Prime Minister and Foreign Minister of Moldova Nicu Popescu said, Azernews reports. Nicu Popescu held a meeting with Azerbaijani Deputy Foreign Minister Khalaf Khalafov. “I stressed Moldova’s interest in attracting as many …

Azerbaijani Economy Minister Mikayil Jabbarov and Russian Presidential Adviser Ruslan Edelgeriyev discussed issues of diversification of economic partnership between the two countries, Azernews reports per Economy Ministry. The meeting also discussed the development of interregional relations. The Azerbaijani minister emphasized the positive development dynamics of relations with Russia, noted the …

Azerbaijani Energy Minister Parviz Shahbazov met with Hungaria Minister of Foreign Affairs and Trade Péter Szijjártó within the framework of the 3rd meeting of energy ministers of the Organization of Turkic States (OTS) in Budapest, Azernews reports, citing the Energy Ministry. The meeting discussed the issues related to cooperation in …

Aykhan Gadashov, the head of the Azexport.az portal operated by the Center for Analysis of Economic Reforms and Communication (CAERC), met with Andrey Drozden, the head of an influential Belarusian wholesale network, Azernews reports, citing the CAERC. According to the information received from the CAERC, during the discussion, Aykhan Gadashov gave detailed …

Azerbaijani Energy Minister Parviz Shahbazov has visited Germany at the invitation of German Federal Minister for Foreign Affairs Annalena Baerbok and Federal Minister for Economic Affairs and Climate Action Robert Habeck, Azernews reports, citing the Ministry. According to the received information, the Minister will take part in the international conference entitled 9th …

There are three major benefits of SOCAR Turkiye’s agile transformation so far, Chief Strategy Officer Kanan Mirzayev told McKinsey, Azernews reports. “First, coordination among employees has increased significantly—agile has been successful in aligning the entire organization around common objectives. Rather than focusing on individual performance, our colleagues are putting their …

Transportation of oil from Kazakhstan’s Kashagan field via the Caspian Sea along the Aktau-Baku route has been launched for the first time, Azernews reports via the Azerbaijani Caspian Shipping Company (ASCO). Oil is shipped along the new route by the Akademik Khoshbakht Yusifzada tanker, the company said. In total, 6,900 …

Azercosmos and Israel’s Spacecom satellite operator have today signed a cooperation agreement on the joint implementation of long-term projects. Spacecom, which is an operator of AMOS telecommunication satellites in the Middle East, Europe and North America, will benefit from the capabilities of Azerspace satellites to expand its service geography, especially …

Azerbaijan’s ambassador to Egypt Elkhan Polukhov met with the Minister of Planning and Economic Development of Egypt, Hala Al-Said, Azernews reports. The meeting discussed the prospects of economic relations between Azerbaijan and Egypt. According to the information received from Azerbaijan’s Embassy to Egypt, Minister Hala Al-Said said that the documents signed within …

The National Confederation of Entrepreneurs (Employers) Organizations of the Republic of Azerbaijan and the German Association for Small and Medium-sized Businesses (BVMW) have inked the Memorandum of Understanding in Berlin, Germany. The document was signed by authorized representative of the Confederation in Germany Elnur Huseynov and BVMW Executive Chairman Markus …