Economy

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Chairman of the Union of Chambers and Commodity Exchanges of Turkiye Mustafa Rifat Hisarciklioglu. “During our meeting with Mustafa Rifat Hisarciklioglu, Chairman of the Union of Chambers and Commodity Exchanges of Turkiye, we highlighted the importance of the Shusha Turkish Business …

The delegation led by Deputy Chairman of the Government of the Ryazan Region of the Russian Federation Artem Nikitin has visited the Export and Investment Promotion Agency – AZPROMO. Head of AZPROMO Yusif Abdullayev highlighted the activities and main goals of the agency, the favorable business and investment environment created …

Azerbaijan and Russia’s Krasnodar region have discussed the development of trade and economic partnership, Azernews reports. The discussion took place during a business meeting held between the entrepreneurs from Azerbaijan and Russia’s Krasnodar region. The meeting, organized by Azerbaijan’s Export and Investment Promotion Agency (AZPROMO), was attended by entrepreneurs from …

Azerbaijan, Iran, and Russia have signed the Baku Declaration on the development of the international transport corridor North-South, Azernews reports. The document was signed by Azerbaijan’s Deputy Prime Minister Shahin Mustafayev, Russia’s Deputy Prime Minister Alexandr Novak, and Iran’s Roads and Urban Development Minister Rostam Ghasemi during the first trilateral …

“The next meeting of the Azerbaijan-Georgia Intergovernmental Commission is planned to be held in Tbilisi this year. As part of the meeting, a business forum will be organized with the participation of businesspersons of both countries as well,” said Chairman of Board of the Union of Azerbaijani Businessmen in Georgia …

Baku and Tokyo have discussed the development of the renewable energy sector in Azerbaijan, Azernews reports. The discussion took place during a meeting between Azerbaijani Energy Minister Parviz Shahbazov and a delegation led by TEPSCO’s Executive Director Chikara Kojima with Japanese Ambassador Junichi Wada in presence. During the meeting, the …

The State Oil Company of Azerbaijan Republic (SOCAR) is going to conduct oil exploration activities in Batman, Turkiye, Yeni Shafak newspaper reports. The exploration will be carried out under a deal agreed at the Petroleum Reserve Summit in Istanbul, which marks a major step forward for Turkish-Azerbaijani cooperation in the …

Manager at South Korea’s Hyundai Engineering & Construction Co.Ltd. HanGyu Jang has today visited the Export and Investment Promotion Agency (AZPROMO). During the meeting, HanGyu Jang was informed of favorable investment environment and opportunities created, as well as investment projects implemented in Azerbaijan. The sides exchanged views on the possibilities …

Azerbaijan and Kazakhstan will lay internet cables along the Caspian Sea bed, Azernews reports, citing the Kazakh media. According to the agreement between the governments of the two countries, it is planned to build fiber-optic communication lines along the Caspian Sea bed. Operators-participants will invest their own funds in the construction …

Cooperation with Azerbaijan may help Italy become an energy hub, Domenico Letizia, Italian analyst on economy and geopolitics, told Trend. “Azerbaijan has proved itself as a friendly and loyal country to Italy. Amid the ongoing complicated geopolitical situation Azerbaijani gas supplies help alleviate Italy’s energy problems. I believe that cooperation with …