Economy

Azerbaijan and Belarus have discussed prospects for cooperation in the field of urban planning and architecture, as chairman the State Committee on Urban Planning and Architecture Anar Guliyev met with Belarus Minister of Architecture and Construction Ruslan Parkhamovich. Guliyev hailed cooperation between the two countries in all areas, including the …

The Ministry of Energy of Azerbaijan and the International Finance Corporation (IFC), a member of the World Bank Group, have inked a Memorandum of Understanding on cooperation in the use of offshore wind energy resources in order to develop the renewable energy sector in Azerbaijan. The memorandum was signed in …

Azerbaijani Minister of Transport, Communications and High Technologies Rashad Nabiyev has met with Ukraine’s Minister of Infrastructure Vladyslav Krykly to discuss cooperation between the two countries in the field of cargo transportation. They stressed the importance of strengthening joint efforts to expand cooperation in the field of transport and cargo …

The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) will be the official partner of the fifth national Brand Award Azerbaijan prize contest organized by the Caspian Energy Club. Chairman and Chief Executive Officer of the Caspian Energy Club Telman Aliyev noted that the main goal of the Brand Award Azerbaijan …

Azerbaijan has presented its products at the China Food and Drinks Fair and TAOWINE Hotel Show exhibition in Chengdu, China, the Economy Ministry reported on April 5. At the exhibition, more than 10 Azerbaijani companies working in the field of wine and other alcoholic beverages feature their products at a single national …

The Service Center for helicopter major repair at ASG Helicopter Services has completed the overhaul of another Mi-8AMT helicopter owned by the air carrier. The overhaul was carried out jointly with the specialists from the Russian Aviation Repair Plant No. 356 (Engels). It is the second overhaul of helicopters of …

Deputy Prime Minister of Belarus Igor Petrishenko and Ambassador of Azerbaijan to Belarus Latif Gandilov have discussed trade and economic cooperation between the two countries, according to BelTA. Igor Petrishenko said: “I would like to thank you for participating in the development of Belarusian-Azerbaijani relations. Cooperation has been developing vigorously, …

Some Azerbaijani companies are presenting their products at the International building materials exhibition MosBuild 2021, Economy Ministry has reported. The exhibition, which opened on March 30 in Moscow, Russia, will be open till April 2. At the exhibition, the Azerbaijani companies working in the relevant field feature their products at a single national …

Turkey was the top export destination of Azerbaijan’s non-oil products in January-February of this year, according to the State Customs Committee. Official statistics suggests that Turkey, Russia, Switzerland, Georgia and the US were the five major export destinations of Azerbaijan’s non-oil products. The volume of export with Turkey made $106.8 …

First gas-condensate reserves were found at a depth of 7189 meters in an exploration well drilled on the Shafag-Asiman block in the Azerbaijani sector of the Caspian Sea. Herewith the logging and drilling of the Fasila stratum of the field was successfully completed. To define the exact volume of hydrocarbon …