Economy

The Russian Federal Service for Veterinary and Phytosanitary Supervision (Rosselkhoznadzor) allowed export of tomatoes to the country to 16 Azerbaijani enterprises, Trend reports with reference to Rosselkhoznadzor. These enterprises will be able to start exporting tomatoes from November 1 of this year. So, the import of tomatoes is now allowed to: “Caspian …

Azerbaijan and the World Bank have discussed cooperation to rehabilitate territories liberated from Armenia’s occupation in last year’s war. The discussion took place during the meeting of Azerbaijan’s Economy Minister Mikayil Jabbarov and the World Bank Country Manager for Azerbaijan Sarah Michael. “During our meeting with Sarah Michael, the World …

Azerbaijan’s State Oil Company President Rovnag Abdullayev and BP Vice-President for Production and Operations Gordon Birrell have discussed bilateral oil and gas cooperation, the company reported on October 26. During the meeting, the parties exchanged views on the progress of exploratory drilling in the shallow part of the Absheron Peninsula. …

Azerbaijan’s SOCAR AQS and Ukraine’s Naftogaz have signed a memorandum of understanding on joint cooperation for the development of onshore and offshore technologies. At the same time, Naftogaz signed memorandums of understanding with the United Arab Emirates’ Dragon Oil and the U.S. based Helmerich & Payne Inc., as well as …

The issues of expanding the fleet of the Azerbaijan Caspian Shipping Company (ASCO) and its renewal with modern ships are always in the spotlight. By the instruction of President Ilham Aliyev, important work is being carried out in this area. The oil tanker “Kalbajar”, built at the Baku Shipyard by …

The Fuzuli Airport has received international status. The relevant order was signed by the Prime Minister of Azerbaijan Ali Asadov. Thus, the Fuzuli Airport is open for international flights. This will foster the development of the tourism potential of Karabakh. The decision to grant international status was taken following the …

The Algerian company Sonatrach is interested in developing cooperation with Azerbaijan’s State Oil Company (SOCAR). SOCAR President Rovnag Abdullayev made the remarks at a meeting with Algerian ambassador Salima Abdelhak on October 14. During the meeting, the ambassador noted that Sonatrach is interested in expanding relations with SOCAR, exploring new opportunities …

President of AZAL Jahangir Asgarov has met with Regional Sales Director for Eastern & Northern Europe of Airbus Group Sergey Nedbaylo. During the negotiations, the parties discussed long-term cooperation within the framework of bilateral initiatives and emphasized the experience of successful engagement between the companies. In particular, a preliminary agreement …

USAID-supported regional reforms lead to market liberalization and access to clean and affordable electricity, Tahra Vose, Press Attache of the US Embassy in Kazakhstan, told Trend. Vose said that by partnering with Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, international donor agencies, and the private sector, USAID is strengthening regional …

Since the start of the year, wholesale gas prices in Europe have risen by 250 percent. The record-high prices in Europe are driven by increased demand (due to the wider economic recovery and weather-related factors), competition with Asia for LNG, and a limited supply response from Gazprom, Europe’s largest supplier, …