Economy

Baku and Islamabad have set up the Pakistan-Azerbaijan Chamber of Economic Cooperation (PAKAZCHAM) to develop and deepen economic cooperation between the two countries, local media has reported. Membership of the Chamber will soon be open to legal and commercial structures of both countries, with Baku hosting the permanent representation of …

A regular meeting of the Working Group on Energy Supply of the Interdepartmental Center, functioning under the Coordination Headquarters of Azerbaijan, has been held, Trend reports on July 3. The working group was created with the aim to find the centralized solution of issues in the territories of Azerbaijan, previously …

The Russian Export Center offered to use its financial instruments for the implementation of big infrastructure projects in Azerbaijan, Trend reports on July 2 with reference to the Russian Export Center and the statement made during the meeting of Deputy Prime Minister of Azerbaijan Shahin Mustafayev and the Russian delegation headed by …

Russia’s agriculture watchdog Rosselkhoznadzor has lifted the ban on tomato imports from eleven more Azerbaijani enterprises, starting from July 1. The decision was made based on the results of the quarantine phytosanitary examination of samples of products selected during the joint video inspections, and under the guarantees of Azerbaijan’s Food …

Azerbaijan’s Nagorno-Karabakh has a potential to become a renewable energy haven in the region, UK’s ABC Money news agency has reported. In an article “How Azerbaijan is Transforming Karabakh into a Renewable Energy Hub”, the agency noted that the implementation of such renewable energy projects in Nagorno-Karabakh is part of Azerbaijan’s …

The trade turnover between Azerbaijan and China amounted to $553.4 million from January through April 2021, which is by 10.2 percent more than in the same period of last year, Trend reports with reference to the Azerbaijani State Customs Committee. Azerbaijan exported goods worth $119.7 million to China in the reporting period …

Azerbaijan and Russia held the Baku-initiated consultations over issues related to the Caspian Sea on June 17, Trend reported. The deputy foreign minister and the Azerbaijani president’s special representative for the border and the Caspian Sea issues, Khalaf Khalafov, represented Azerbaijan at the consultations. Russia was represented by the Russian Foreign Ministry ambassador-at-large, the Russian …

Turkey will open vocational education institutions in Azerbaijan, Trend reports. At an extraordinary plenary session of the Parliament of Azerbaijan, the issue of approving the ‘Protocol on cooperation in the field of vocational education between the government of Azerbaijan and the government of Turkey’ was discussed. According to the protocol, …

Azerbaijan and Belarus have agreed to expand the range of supplied agricultural products, Belarusian media has reported. The issue was touched upon at a working meeting of Belarus’ Agriculture and Food Minister Ivan Krupko with Azerbaijan’s Agriculture Minister Inam Kerimov and Food Security Agency’s Chairman Goshgar Tahmazli. During the meeting, …

The State Oil Company of Azerbaijan (SOCAR) will hold a public auction for industrial waste management, Trend reports referring to a source in SOCAR. The company’s Environmental Department has announced a public auction to manage recyclable industrial waste. The auction is open to specialized companies with practical experience in the field of …