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Economy

Articles about Azerbaijani economy. Market in Azerbaijan, macroeconomics and microeconomics, trends.

Azerbaijan, Georgia to work on joint tourist package

Azerbaijan, Georgia

Azerbaijan and Georgia have agreed on expanding tourism ties. The two countries are working on a joint tourist package, Trend reported. “Azerbaijan is a strategic partner for Georgia and the two countries have huge tourism potential,” said Georgian Ambassador to Azerbaijan Zurab Pataradze. The Ambassador pointed out that Azerbaijan Airlines (AZAL) …

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Azerbaijan,Tajikistan eye tourism cooperation

Baku

Azerbaijan and Tajikistan have discussed prospects of cooperation in tourism. The number of Tajik citizens visiting Azerbaijan increased by 50 percent and reached 3,500 in 2019, Trend reported. The Chairman of the State Tourism Agency Fuad Naghiyev stressed that the above figures don’t fully reflect the potential of tourism cooperation between the …

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Azerbaijan Railways, McKinsey mull corporate strategy development

McKinsey & Company

Azerbaijan and the world’s leading McKinsey & Company held a video conference as part of the agreement to develop Azerbaijan Railways’ Corporate Strategy until 2030. Azerbaijan Railways’ Chairman Javid Gurbanov emphasized that as a result of increased attention to the railways sector and ongoing reforms, the company’s financial obligations have …

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Azerbaijan boosts electricity export to Georgia in Jan-Feb

Azerbaijan-Georgia

Azerbaijan increased the volume of electricity exported to neighbouring Georgia by 16.7 percent in January-February 2021, Azertag has reported. In the first two months of the year, Azerbaijan exported 299.7 million kWh of electricity to Georgia thus accounting for 36.2 percent of this country’s total electricity imports. Overall, Georgia imported …

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Caspian Energy Club organizes another Online Round Table

Caspian Energy Club

Chief of the Staff of the Food Safety Agency of Azerbaijan Elkhan Mikayilov has attended the traditional “Online Round Table” organized by the Caspian Energy Club. Topical issues and suggestions were discussed on the sidelines of the forum, Chairman and CEO of the Caspian Energy Club Telman Aliyev told AZERTAC. …

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Azercosmos seals agreement with global broadcaster company

Azercosmos

Azerbaijan’s and South Caucasus’ only satellite operator Azercosmos OJSC has signed a cooperation agreement with the global broadcaster on many TV and radio channel platforms around the world View Satellite Network, the company has reported. Under the agreement, View Satellite Network will provide digital broadcasting in HD format through Azerspace-2 satellite resources …

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Azerbaijan boosts trade with Iran in January

Azerbaijan-İran

Azerbaijan increased trade with Iran by 18.3 percent in January 2021, compared to the same month of last year, the State Customs Committee has reported. In January, the total turnover amounted to $30 million, thus making Iran Azerbaijan’s main trading partner among the Persian Gulf countries. Out of the total turnover, …

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