Economy

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 …

Turkey, Tunis and Iran were Azerbaijan’s key trade partners among the OIC countries in January-October of this year, according to the country’s State Customs Committee. The bilateral trade with Turkey made $3.591.6 billion, while it amounted to $296.2 million with Tunis, and $274 million with Iran, according to official figures. …

Under the leadership of the President of the Republic of Azerbaijan, Commander-in-Chief Ilham Aliyev, the glorious Armed Forces of the Republic of Azerbaijan won the Patriotic War, which lasted from September to November 2020, and put an end to the occupation. Executive Director of the Center for Analysis of Economic …

Issues concerning improvement of liberated territories of Azerbaijan were discussed in the course of the general meeting. The members of the Caspian Energy Club unanimously supported the Club Chairman and CEO Telman Aliyev’s proposal to create a permanent representative office of the Caspian Energy Club in Karabakh and all district …

Gas supplies via the Southern Gas Corridor will begin in coming months, Ibrahim Ahmadov, deputy head of the Public Relations and Event Management Department at Azerbaijan’s state oil company SOCAR, told Trend. “After the completion of construction, the Trans Adriatic Pipeline (TAP) was connected to the network of Italian Snam company. …

Turkey will build a railway to Azerbaijan’s Nakhchivan Autonomous Republic, Turkish Minister of Transport, and Infrastructure Adil Karaismailoglu said, Trend reports on Nov. 12. “The planning work is currently underway,” Karaismailoglu added. A number of Azerbaijani-Turkish documents were signed following the 8th meeting of the Azerbaijan-Turkey High-Level Strategic Cooperation Council with the …