Economy

Representatives of Baku Shipyard and Balkan Shipyard and Ship Repair plant discussed the development prospects of bilateral cooperation, Azernews reports. The parties got acquainted with information about the capabilities, structure, activity and cooperation of both companies at the meeting held in the city of Turkmenbashi, Turkmenistan. During the meeting, great attention was …

The goals and objectives of further cooperation in the field of civil aviation between the countries were discussed at a meeting of AZAL President Jahangir Asgarov and Deputy Prime Minister of Kyrgyzstan Bakyt Torobayev. The parties discussed ideas to improve the effectiveness of cooperation and also identified specific measures to …

Azerbaijan’s Deputy Energy Minister Samir Valiyev received a delegation led by Marian Neacșu, Secretary General of the Government of Romania. In the meeting, Samir Valiyev touched on the relationship between Azerbaijan and Romania, noted that the relations within the two countries are at the level of strategic partnership, and stressed …

The foreign trade turnover between Aktubinsk Region of Kazakhstan and Azerbaijan has grown seven times, Azernews reports, citing the local media. A meeting was held between Governor of Mangistau Region Yeraly Togzhanov, and the acting head of the Consulate General of Azerbaijan in Aktau, Elchin Mammadov. At the meeting, the …

The first meeting of the Azerbaijan-Saudi Arabia Business Council will be held in the coming months, Azernews reports. Azerbaijani Small and Medium Business Development Agency board chairman Orkhan Mammadov said that the process of establishing the Council between the town countries is still ongoing. “As co-chairs, Ahmed Dakheel and I discussed the …

President of the State Oil Company of the Republic of Azerbaijan (SOCAR) Rovshan Najaf has met with Federal Minister for the Board of Investment of Pakistan Chaudhry Salik Hussain and Minister of State for Petroleum Musadik Masood Malik. During the meeting, the sides hailed the mutual friendly and brotherly relations, …

An Azerbaijani company operating in the Sumgayit Chemical Industrial Park started exporting its products to the USA, Azernews reports citing the Economic Zones Development Agency (EZDA). According to the agency, the export geography of Azertexnolayn LLC, a resident in the Sumgayit Chemical Industrial Park under the management of the Economic …

Azerbaijan ranks third among Georgia’s foreign trade partners after Russia and Turkiye, Azernews reports, citing the National Statistics Office of Georgia. According to the report of the Georgian statistics office on the results of 2023, trade turnover between Azerbaijan and Georgia amounted to $120 m. The report reads that Georgia’s …

The 9th meeting of Azerbaijan-Hungary Joint Intergovernmental Commission on economic cooperation has been held in Budapest, the capital city of Hungary. Prior to the meeting, Co-chair of the Commission, Azerbaijani Minister of Labor and Social Protection of the Population Sahil Babayev met with Co-chair of the Commission, Hungarian Minister of …

BP plans to drill three oil wells in the Azeri Central East (ACE) platform at the Azeri-Chirag-Gunashli (ACG) block of fields, Azernews reports citing bp Regional President to Azerbaijan, Georgia, and Turkiye Gary Jones telling at the briefing dedicated to company’s plans for future. “The first well will be drilled …