Economy

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.47 to stand at $44.36.

An Azerbaijani-Chinese online business forum has been held, press service of the Ministry of Economy has told AZERTAC. The forum, jointly organized by Azerbaijan’s Trade Representative office in China and the Investment Promotion Agency of the Chinese Ministry of Commerce (CIPA), involved about 100 entrepreneurs and officials from both sides. Speaking …

Azercosmos OJSC delivered services (satellite and telecom services) worth $21.5 million to 27 countries in January-June of this year, which is 16 percent more compared to the same period last year, according to the July edition of the “Export Review” magazine published by the Center for Analysis of Economic Reforms …

The traditional monthly online round table organized with the participation of Javad Gasimov, Deputy Chairman of the State Customs Committee of Azerbaijan, discussed entrepreneurs’ questions and suggestions concerning the cooperation with the SCC during the COVID-19 pandemic, Chairman and Group CEO of the Caspian European Club and Caspian Energy Telman …

China’s Huawei Technologies has requested a meeting with UK Prime Minister Boris Johnson to work out a deal to delay its potential removal from the country’s 5G phone network, Trend reports citing Reuters. The Chinese telecoms equipment maker is seeking to delay its removal from the from the country’s 5G telecoms networks until …

The Central Bank of Azerbaijan (CBA) will hold a deposit auction on July 13, Trend reports referring to CBA. During the auction, the Central Bank plans to raise 150 million manat ($88 million). The amount may increase from that set for the auction by no more than 20 percent. The auction will …

Iran has inaugurated its Chabahar-Zahedan railway line that will help transport cargo to Europe through Azerbaijan via Kazvin- Rasht- Astara (Iran)-Astara (Azerbaijan) railway, Azertag reported on July 9 with reference to the Iranian media. The railway is located in Sistan Baluchestan province and will play an important role in uniting Asia and …

From July 16 to August 27, the national air carrier of Azerbaijan will perform special flights on the Baku-London-Baku route. Flights are scheduled to be performed once a week (on Thursdays). Tickets for this route will be sold subject to special conditions. Only passengers entitled to enter the UK can …

Azerbaijan Airlines (AZAL) will carry out a charter flight on July 10 to return Azerbaijani citizens from Saudi Arabia, local media reported on July 6. Some 100 citizens will be repatriated from Riyadh to Baku via this charter. As was reported earlier, all passengers must submit the results of COVID-19 …

Tea imports from Azerbaijan to Georgia increased by 30.8 percent from January through April 2020 compared to the same period last year, Trend reports citing Georgian National Statistics Service (Geostat). As reported, in the first four months of 2020, 250 tons of tea worth $1.55 million were imported from Azerbaijan to Georgia, …