Iran introduced a new home-grown Deylaman destroyer in its Nothern (Caspian) fleet that many believe it could pave the way for the arming of the region. It says the destroyer weighs 1,500 tons, it was built by the Marine Industries Organization affiliated with the Iranian Defense Ministry, and it is …
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Heads of Azerbaijani, Turkish and Georgian defense ministries to meet in Baku
Defense Ministers of Azerbaijan, Turkiye and Georgia will discuss regional security issues, areas of defense cooperation and future plans at a trilateral meeting in Baku today, Azernews reports. The meeting will be attended by the Head of the Azerbaijani Defense Ministry, Colonel General Zakir Hasanov, Turkish Defence Minister Yashar Guler and Georgian …
Read More »Agriculture looks promising in Azerbaijan’s progress on economic diversification
Apart from being a traditional sector, investing in agriculture looks beneficial and it is considered the most important field of business in the diversification of Azerbaijan’s economy. Azerbaijan has been famous for its agricultural products throughout history. During the USSR, the country was dubbed the garden (orchard) of the Soviets. …
Read More »Azerbaijan determined to turn liberated territories into green energy zone
In accordance with President Ilham Aliyev’s strategy of turning the territories liberated from occupation into Green Energy Zones, AzerEnergy has rebuilt and put into operation 6 small hydroelectric power stations (HPP) in Kalbajar district, Azernews reports. AzerEnergy said that in 2022 “Kalbajar-1″ with a capacity of 4.4 megawatts, in 2023 ” Chirag-1″ …
Read More »New era in rise of Azerbaijan-China trade relations
China stepped out among the traditional trade partners of Azerbaijan by leaving them behind in imports. Russia and Turkiye ranked first and second places in imports since the inception of Azerbaijan’s independence. It is the first time, China has overtaken them. Until eight years ago, China even was not among …
Read More »Representatives of Kyrgyz companies get acquainted with business sphere in Azerbaijan
On November 21, representatives of Kyrgyz companies operating in the fields of textile, construction, agrarian, logistics, etc. held a familiarisation visit to Sumgayit Chemical Industrial Park, Azernews reports. The Economic Zones Development Agency (EZDA) said that EZDA Deputy Chairman Fuad Maharramov informed company representatives about industrial zones operating in Azerbaijan, favourable investment …
Read More »IMF delegation visits Shusha & Agdam
To hold discussions within the framework of Article IV Consultations between the International Monetary Fund (IMF) and the government of Azerbaijan, the mission of the Fund headed by Anna Bordovisited Azerbaijan, Azernews reports. Azerbaijani Finance Ministry said that during the visit, the IMF mission held meetings in the Ministries of Finance, Economy …
Read More »Azerbaijan-Iraq joint commission meeting to be held in near future
A meeting of the Joint Commission on trade-economic, scientific-technical, and cultural cooperation between Azerbaijan and Iraq will be held in the coming days, President of the Republic of Azerbaijan Ilham Aliyev said during a one-on-one meeting with President of the Republic of Iraq Abdullatif Jamal Rashid on 20 November, Azernews reports. Azerbaijani …
Read More »Eurostat unveils volume of gas exported from Azerbaijan to Greece
In September 2023, Greece imported 157.3 million cubic metres of natural gas from Azerbaijan, and in August, this indicator was 162.8 million cubic metres, Azernews reports, citing Eurosat, the Statistical Office of the European Union. This means a 3.4 percent decrease in the volume of imports compared to the previous month. In …
Read More »Baku-Tbilisi-Kars railway promising economic development of Turkic world
Turkish Transport and Infrastructure Minister Abdulkadir Uraloğlu attended the 7th Transport Ministers Meeting of the Organisation of Turkish States (OTS) held in Zangilan, Azerbaijan. Uraloğlu gave a speech and noted that OTS countries are a community that has the potential to become a global power with a young and dynamic …
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