Economy

Azerbaijan participates in the international products exhibition Prodexpo 2022, held in Moscow, Russia, the Economy Ministry has reported. The products of Azerbaijani companies are presented at a single national stand “Made in Azerbaijan” organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO). Such products of local companies as wines, fruit juices, coffee and …

A press conference has been held regarding the TEKNOFEST Azerbaijan Aerospace and Technology Festival, which will be organized by the Ministry of Digital Development and Transport for the first time in Azerbaijan on May 26 – 29. At the press conference, Minister of Digital Development and Transport of the Republic …

Independent Azerbaijan’s oil and gas path can be traced back to the signing of the Contract of the Century in September 1994, when national leader Heydar Aliyev defined the oil strategy that would serve as the foundation for further political and economic reforms. Azerbaijan has come a long way since …

An important transport corridor with multiple routes will soon emerge to facilitate trade between the region’s countries and the rest of the world, Iran’s Deputy Foreign Minister for Economic Diplomacy Mehdi Safari has said. Iran, Azerbaijan, Georgia, Bulgaria, and other participants are currently negotiating the “Persian Gulf-Black Sea Corridor Agreement”. …

Romanian Energy Minister Virgil Popescu has said that his country supports underwater electricity cable project with Azerbaijan and Georgia. “We are open to possible collaboration between Romania, Azerbaijan and Georgia to build together an underwater cable for the transportation of electricity underneath the Black Sea,” he wrote on his official …

The 8th ministerial meeting of the Southern Gas Corridor Advisory Council, held in Baku on February 4, reaffirmed the strategic energy partnership between Azerbaijan and the European Union based on shared goals on long-term energy security, security of supply and the green energy transition. The remark was made in a press …

Azerbaijan`s Minister of Energy Parviz Shahbazov and European Commissioner for Energy Kadri Simson have issued a joint press statement. AZERTAC presents the statement. “Baku, 4 February 2022. The Eighth Ministerial Meeting of the Southern Gas Corridor Advisory Council, held in Baku on the 4th of February 2022, reaffirmed the strategic energy …

A press conference following the eighth meeting of ministers within the Southern Gas Corridor Advisory Council has kicked off in Baku, Trend reports. Baku hosted the meeting on February 4. European Energy Commissioner Kadri Simson, European Commissioner for Neighbourhood and Enlargement Oliver Varhelyi, as well as high-ranking representatives of the …

With a view to enhancing cooperation in transport between the Republic of Azerbaijan and the Russian Federation, as well as taking appropriate measures for timely and prompt elimination of difficulties in international freight transport between the two countries, a Subcommission on Economic Cooperation has been established within the Intergovernmental State …

Deputy Minister of Digital Development and Transport of the Republic of Azerbaijan Rahman Hummatov took part in the 11th Ministerial Meeting on Transport of the Economic Cooperation Organization (ECO) member countries, which took place in the format of a video conference under the chairmanship of the Republic of Turkey. During …