Economy

Azerbaijan`s Minister of Energy Parviz Shahbazov has met with CEO of Saudi Arabia`s National Companies Promotion Program Badr AlBadr. The sides exchanged views on current and future investment opportunities in Azerbaijan’s energy sector. The meeting continued in a wide format with a delegation from the Ministry of Investment of Saudi …

Iran, Azerbaijan and Georgia have reached an agreement for establishing a transit route connecting the Persian Gulf to the Black Sea, said Director General of the Transit and International Affairs Department of Road Maintenance and Transportation Organization (RMTO) of Iran Javad Hedayati. “This transit route could provide Iranian access to …

The Embassy of India in Baku, in association with the Electronics and Computer Software Export Promotion Council (ESC) of India, has organized a webinar followed by B2B interactions on electronics and computer software products. The event which was part of the celebrations of 75 years of India’s Independence – Azadi …

Azerbaijan increased the trade turnover with Italy by $2.8 billion in January-October 2021, the State Customs Committee has reported. During the first 10 months of the year, the trade turnover between the two countries amounted to $7 billion, with exports accounting for $6.6 billion and imports for $351 million. Thus, Italy was …

Russia’s agriculture watchdog Rosselkhoznadzor has lifted the ban on tomato and apple imports from 12 more Azerbaijani enterprises, starting from December 6. 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 has supported the decision made on increasing daily oil production within the OPEC+ agreement by 400,000 barrels for January 2022, the Energy Ministry has reported on its website. The decision was taken at the 23rd Ministerial Meeting of the OPEC and non-OPEC countries. Energy Minister Parviz Shahbazov stated that …

Azerbaijan’s investment opportunities were presented in Korea within the forum entitled “Azerbaijan-Korea trade and investment forum: Great return to Karabakh: investment potential of liberated lands, ongoing and planned projects”. The event was organized jointly by Azerbaijan’s Export and Investment Promotion Foundation (AZPROMO), Azerbaijan’s embassy in Korea, and the Korea International …

Representatives of Azerbaijan Caspian Shipping Company, (ASCO), SOCAR, the State Agency for Maritime and Port Management, the Hydrographic Department of the Naval Forces and the Baku International Sea Trade Port CJSC have held a meeting on ensuring navigation safety in the Azerbaijani sector of the Caspian Sea. During the meeting, …

“The world is facing a wave of inflation triggered by extraordinary developments in global commodity prices,” Recep Tayyip Erdogan said on Wednesday, according to Anadolu Agency. “As humanity, we’ve felt the effects of the coronavirus pandemic very deeply in every area of our lives,” Turkey’s president said in a video …

The Summit of Heads of Member States of the Economic Cooperation Organization (ECO) will be held in Ashgabat, Turkmenistan on November 28. The summit will focus on further strengthening the activities of the organization, as well as expanding economic relations and enhancing mutually beneficial cooperation between the member states. The …