Economy

Bilateral cooperation between Azerbaijan and Russia was discussed during the meeting between Economy Minister Mikayil Jabbarov and Russian Ambassador to Azerbaijan Mikhail Bocharnikov, the ministry reported on December 21. During the meeting, the minister noted that Russia is one of Azerbaijan’s main trade partner and a leader in non-oil exports. …

The Central Asia Regional Economic Cooperation (CAREC) Institute has been granted the United Nations (UN) observer status at the 45th plenary meeting of the 75th session of the UN General Assembly. The request for the UN observer status and the draft resolution was sponsored by the Government of the People’s …

The ‘NEFERTITI’ project of the SOCAR Turkey Ar-Ge Research and Innovation Center has received the right to obtain a grant, Trend reports referring to the State Oil Company of Azerbaijan. According to the company, the above project envisioning the production of ethanol/isopropanol from carbon dioxide using solar energy technologies will be financed …

Advisor to the Chairman of “Azərişıq” OJSC Elsevar Rustamli has met with members of the Caspian Energy Club. Discussed at the Online Round Table were issues and suggestions from entrepreneurs, concerning the cooperation with “Azərişıq” OJSC during the COVID-19 pandemic. This was said by the Caspian Energy Club’s Chairman and …

“A total of 8.1 billion cubic meters (bcm) of natural gas has been transported to Turkey through the Trans-Anatolian Natural Gas Pipeline (TANAP) since its inauguration in June 30, 2018,” said Turkish Minister of Energy and Natural Resources Fatih Donmez. Four and a half years after the inauguration of construction …

The State Agency of Azerbaijan Automobile Roads is continuing construction of a new M-1 Baku-Guba-Russia state border highway at a fast pace, the agency told Trend. This road is part of the North-South International Transport Corridor. The M1 highway starts from the Yashma Baghlary settlement. Construction work on the first section …

Azerbaijan and Italy discussed bilateral cooperation in the oil and gas field during the meeting between Energy Minister Parviz Shahbazov and the delegation led by Vice-President of the Italian Chamber of Deputies Ettore Rosato, the ministry reported on December 8. During the meeting, it was noted that Italy had entrusted …

Iran was Azerbaijan’s top export market among the countries of the Persian Gulf region in the first ten months of this year, according to the State Customs Committee. Official statistics suggests that Iran, United Arab Emirates (UAE) and Oman were the top three export destinations of Azerbaijan among the Gulf …

Spain was Azerbaijan’s largest trade partner among the Spanish-speaking countries in the first ten months of 2020, with trade between the two countries amounting to $398.1 million, the State Customs Committee has reported. The export of Azerbaijani products to Spain amounted to $328.4 million, during the reported period, while the import to Azerbaijan amounted …

The attraction of foreign investors to the liberated territories was discussed during an online meeting between the acting head of the Azerbaijan Export and Investment Promotion Foundation, Yusif Abdullayev, and Hungarian ambassador Viktor Szederkenyi on November 26. The parties exchanged views on bilateral cooperation in the economic and investment spheres and …