Economy

Azerbaijan’s German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) will expand its activities to develop partnership with Germany, AHK Azerbaijan Chairman of Board Farid Isayev has said. Isayev made the remark during a videoconference on the presentation of the report “Foreign Business in Azerbaijan: Business Environment Review 2020” organized with the support …

Cooperation in the energy field between Azerbaijan and Iran was discussed during the meeting between Energy Ministers of two countries Parviz Shahbazov and Reza Ardakanian. The meeting took place during the visit of Azerbaijan delegation to Iran. During the meeting, the parties discussed energy cooperation between two countries and exchanged …

Azerbaijan remained the major electricity exporter to neighbouring Georgia during the period of January-November 2020 The country exported 575 million kWh of electricity to Georgia, which accounted for 45.2 percent of the overall 1.2 billion kWh of electricity imported to Georgia during the reporting period. Georgia received $29.5 million worth …

From December 31 2020 Bulgaria will start receiving natural gas from Azerbaijan, Trend reports with reference to the website of Bulgaria’s Council of Ministers. “According to the contract signed between Bulgargaz and Azerbaijan’s state oil company SOCAR, 1 billion cubic meters of natural gas will be delivered to Bulgaria annually from the …

Azerbaijan is the fourth largest main trade partner of Georgia, with the bilateral trade between the two countries totaling $831.349 million in January-November of 2020, Georgia`s National Statistics Service said. For this period, Azerbaijan`s share in Georgia`s economy made up 8.1 percent. Turkey is Georgia`s largest trade partner with $1,429 …

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 …