Economy

The Ministry of Digital Development and Transport has held a seminar on “Digital Development and Transport Priorities in Azerbaijan”. The event was attended by experts in the field of information technologies and transport, public activists, representatives of NGOs, business sector and media. The seminar focused on the tasks and goals …

As part of the visit of Minister of Roads and Urban Development of the Islamic Republic of Iran Rostam Ghasemi to Azerbaijan, a meeting was held between the Azerbaijani and Iranian delegations. From the Azerbaijani side, the meeting was attended by Deputy Prime Minister Shahin Mustafayev, Minister of Digital Development …

Croatia will send three delegation to Azerbaijan for the upcoming Southern Gas Corridor Advisory Council’s meeting in February, Croatian embassy in Baku told Trend. “There will be 3 delegations from the Ministry of Economy and Sustainable Development of the Republic of Croatia: State Secretary Ivo Milatić, Director Kristina Čelić and Florijana …

Bulgarian energy minister Alexander Nikolov will visit Azerbaijan in February to take part in the meeting of the Southern Gas Corridor’s Advisory Council to be held in Baku, Trend learned from diplomatic sources. “Bulgaria’s delegation will be led by Alexander Nikolov – Minister of Energy,” said the source. The Southern Gas Corridor, …

Azerbaijan has made great strides in channeling oil revenues into the non-oil sector, Trend reports. The non-oil sector growth in Azerbaijan amounted to 20 percent in 2021, which is the record level in the history of the country’s independence. VAT receipts in the non-oil industry increased by 17 percent in 2021. The …

Some 15 micro and small entrepreneurs of Azerbaijan have demonstrated their products at the 28th International Trade Food and Beverage Exhibition (Anfas Food Product) in Antalya, Turkey. According to the Small and Medium Business Development Agency of Azerbaijan (KOBIA), Azerbaijan`s stand features agricultural, food and beverage products manufactured in the …

Georgia’s Tegeta Construction Equipment company will enter Azerbaijani market in 2022, the CEO of the company Irakli Papiashvili said, Trend reports via Forbes Georgia. According to the CEO, Tegeta Construction Equipment, as an official dealer of UK’s JCB, will represent the company in Azerbaijan from this year. “Azerbaijani market is three times …

An online meeting has been held between Azerbaijan`s Deputy Minister of Digital Development and Transport Rovshan Rustamov and Deputy Minister of Internal Affairs and Communications of Japan Yuji Sasaki. Issues of current and future cooperation between the two countries in the field of information and communication technologies (ICT) were discussed …

Azerbaijan became the largest supplier of diesel fuel to Georgia in 2021, accounting for 38.4 percent of the total import, Azertag has reported. During the reported year, Georgia imported 215,872 tons of diesel fuel from Azerbaijan. It should be noted that in total Georgia imported 561,526 tons of diesel fuel in 2021, …

As part of the groundbreaking ceremony of the Khizi-Absheron Wind Power Plant with a capacity of 240 MW, a Memorandum of Understanding on cooperation was signed between the Ministry of Energy of Azerbaijan and ACWA Power of the Kingdom of Saudi Arabia in the field of offshore wind energy. Deputy …