Economy

The current global situation has demonstrated to everyone that diversifying transportation routes and gas supplies is critical in the face of rising geopolitical conflict and tension. An unexpected cold spell in Europe has put the continent’s countries in a difficult position. Because their gas storage facilities were nearing capacity, the …

Azerbaijan’s Digital Development and Transport Minister Rashad Nabiyev and Pakistan’s BOL Media Group Chairperson Ayesha Shaikh have discussed opportunities for bilateral cooperation in the ICT sector. During the meeting, the parties discussed the opportunities for organizing training programs for Azerbaijani specialists in Pakistan. Emphasizing that the digital transformation is on the …

Switzerland will have to reduce consumption of Russian gas in the event of interruptions in its supply to Europe, Thomas Hegglin of the Swiss Gas Industry Association (VSG) said, Trend reports citing the AWP financial agency. According to Hegglin, despite this, the country will have an advantage over other countries due to …

Azerbaijani Minister of Energy Parviz Shahbazov has met with the Mission led by Regional Director for infrastructure of the World Bank Group Charles Joseph Cormier, who is on a visit to Baku. At the meeting, it was noted that one of the important directions of the World Bank’s multifaceted cooperation …

Azerbaijani Digital Development and Transport Minister Rashad Nabiyev paid a working visit to Georgia to familiarize himself with the progress of work on the project of the Baku-Tbilisi-Kars (BTK) railway. As part of the visit, the minister visited the Akhalkalaki station. He was informed in detail about the progress of the BTK project …

President of AZAL Jahangir Asgarov has met with Ambassador of Jordan to Azerbaijan Sami Asem Ghosheh. The sides exchanged views on the agenda of mutual cooperation between Azerbaijan and Jordan in the field of civil aviation. The sides also noted the high effectiveness of the measures taken to fight the …

“The trade between Turkmenistan and Azerbaijan has increased five times since 2020,” said Vice President of the State Oil Company of Azerbaijan (SOCAR) Elshad Nasirov at the International Oil and Gas Forum, held in Ashgabat. Nasirov noted that Azerbaijan is interested in cooperation with the Caspian region countries. He said …

As part of the Berlin Energy Transition Dialogue conference, a roundtable has been held on the topic “Azerbaijan – oil, gas and beyond: prospects for a future energy partnership” with the participation of German energy companies, the Ministry of Energy told AZERTAC. Azerbaijan`s Energy Minister Parviz Shahbazov spoke at the roundtable …

Azerbaijan`s Energy Minister Parviz Shahbazov has visited Germany at the invitation of German Federal Minister for Foreign Affairs Annalena Baerbock and Federal Minister for Economic Affairs and Climate Action Robert Habeck. The minister will take part at the 8th Berlin Energy Transition Dialogue conference to be held in Berlin on …

Bezeq Israel Telecom would resume dividend payouts after more than three years as it reported lower fourth-quarter net profit and forecast largely flat earnings for 2022, Trend reports with reference to Reuters. Bezeq, Israel’s largest telecoms group, said it would distribute 50% of semi-annual net profit, starting with a 240 million shekel ($75 …