Economy

The Fintex Summit 2022 – Finance and Technologies Expo will be held in Baku, Azerbaijan on June 16-17. The theme of the event is “New Trends in Banking and Finance Ecosystem: Innovative Solutions, FinTech And Security”. The two-day event supported by Azerbaijan Banks Association, Azerbaijan Fintech Association, Central Bank, Ministry …

Belarusian Borivos sleeper factory has signed a contract with Azerbaijan in May on the shipment of bridge beams, the factory’s director Gennady Prosmytsky said, Azernews reports, citing Belta. The director added that at the end of June, the company plans to participate in a major tender for the supply of …

Taiwan’s state refiner CPC Corp has received the country’s first crude cargo with certified carbon offset from Azerbaijan’s SOCAR Trading, Azernews reports, citing Reuters. “The cargo of about 1.05 million barrels of Azeri Light crude oil arrived in Taiwan on Sunday morning with cradle-to-gate greenhouse gas (GHG) emissions being offset …

An Azerbaijani delegation led by Energy Minister Parviz Shahbazov has paid a visit to London to attend the 5th meeting of the Joint Intergovernmental Commission on economic cooperation between the Government of the Republic of Azerbaijan and the Government of the United Kingdom of Great Britain and Northern Ireland to …

Azerbaijani Deputy Foreign Minister Khalaf Khalafov and his Tajikistani counterpart Sodik Imomi have discussed cooperation in political, socio-economic, humanitarian areas, as well as economic relations, Azernews reports, citing the ministry. The discussion took place as part of the political consultations marking the 30th anniversary of the establishment of diplomatic relations …

If Azerbaijan maintains the current level of exports to Europe throughout 2022, exports will increase by around 3 billion cubic meters year on year. The remarks were made in the Global Gas Report 2022, published by the International Gas Union, Snam and Rystad Energy, Azernews reports. The report recalled that …

Azerbaijani Energy Minister Parviz Shahbazov has met with Czech Ambassador to Azerbaijan Milan Ekert as he ends his diplomatic mission in the country. The sides discussed energy cooperation between the two countries, including those arising from the agreement between the Ministry of Energy of Azerbaijan and the Ministry of Industry …

bp and its co-venturers’ new social investment project that promotes inclusive education has been completed. The project helps create an inclusive educational environment and achieve a behavioural change at high schools by increasing awareness while supporting social integration and adaptation of children with disabilities. Four schools have been selected by …

Azerbaijan and Kazakhstan have signed several deals on economic cooperation during the trade and economic business mission of Kazakh manufacturers to Baku, Azernews reports. A memorandum of cooperation was signed between QazTrade and Ganja Entrepreneurs PA. At the same time, contracts were signed for the supply of rolled metal products, …

A special session of “Path to Net Zero: Development of Green Energy Potential of Liberated Territories” has been held in Shusha on the sidelines of the Baku Energy Week. Making an opening speech at the session, Azerbaijan`s Minister of Energy Parviz Shahbazov said it was proud that this event was …