Economy

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 …

Russian Red Wings airline plans to launch flights to Azerbaijan, Kazakhstan and Uzbekistan after situation with COVID-19 stabilizes, the head of the airline Yevgeny Klyucharev said in an interview with Russian media, Trend reports. “We have received a large number of appointments for flights from Koltsovo Airport (Yekaterinburg, Russia) to …

Food systems need to produce enough safe food for all. To this end, FAO has initiated a three-year project to amplify support for food safety controls in five countries: Azerbaijan, Kyrgyzstan, Republic of Moldova, Tajikistan and Turkey. The project includes regional and national components and was launched at a high-level …

Azerbaijani and Russian entrepreneurs have held a business meeting to discuss export opportunities. The meeting also highlighted the Azerbaijani products to be on display at the international exhibition of construction and building materials “MosBuild 2021” to be held in the Russian capital from March 30 to April 2.

Turkey, Iran and Libya were Azerbaijan’s major trading partners among OIC countries in January-February of this year, according to the State Customs Committee. The bilateral trade with Turkey made $541.1 million, while it amounted to $67 million with Iran and $13.5 million with Libya, according to official figures. The trade …

Deputy Chief of the Main Department for Operation and Maintenance of the Azerbaijan Automobile Roads State Agency Hidayat Rustamov has taken part in the traditional Online Round Table organized by the Caspian Energy Club. Topical issues and proposals were discussed in the course of the event, Chairman and CEO of …

Southern Gas Corridor, the European Commission’s project to take Caspian Sea gas to Europe, was officially completed last month, securing Azerbaijan’s position as a reliable energy provider to Western countries. The Southern Gas Corridor is expected to strengthen regional stability, as well as economic, political and geostrategic cooperation. The project …