Economy

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, …

Next Tuesday, on July 7, the National Air Carrier of Azerbaijan will perform another special flight on the Baku-Istanbul-Baku route. Tickets sale is open on the official website of the airline (www.azal.az). The fares are similar to those previously announced for the special flights which are planned before the end …

Spain is ready to assist in making linkage with Azerbaijani port in Alat, Charge d’Affaires of the Embassy of the Kingdom of Spain in Azerbaijan Ignacio Sanchez Taboada told Trend. “Azerbaijan is much interested in developing Alat Port as a piece a multimodal logistic infrastructure connecting East and West. Similar multimodal …

The two-hour online B2G forum, which was organized with the participation of Directors General of the Central Bank of Azerbaijan Rashad Orujov and Ziya Aliyev, addressed issues facing entrepreneurs during the COVID-19 pandemic, Chairman and Group CEO of the Caspian European Club and Caspian Energy Telman Aliyev told AZERTAC. Speaking about …

Turkey was Azerbaijan’s top export market in January-May this year, according to the State Customs Committee. Official statistics suggests that Turkey, Tunis and Malaysia were the largest export destinations of Azerbaijan among the OIC member states. The volume of export with Turkey made $1.249.6 billion, while it amounted to $142.6 …

Azerbaijan and the World Bank have signed a loan agreement on the “Employment Support Project”, which provides for cooperation to boost the self-employment program in the country. The preparation and signing of this socio-economic project is the result of the agreement reached between President Ilham Aliyev and World Bank Executive …

Azerbaijan’s largest electric producer Azerenergy has built a new 220/110/10 kilovolt substation name “Boyukshor”, the company’s press service reported on June 22. The new substation has been built in a bid to keep up with the rapid development of social, economic, industrial and other spheres in Baku and adjacent settlements, …

The coronavirus pandemic (COVID-19) has continued to negatively affect the domestic economic activity of Azerbaijan since May, Trend reports with reference to the Central Bank of Azerbaijan (CBA). However, the statistics show that the government responds well to the external shocks, said the CBA. Monitoring of real sector enterprises by the CBA …

The National Air Carrier of Azerbaijan (“AZAL”) amended its rules for carriage of carry-on luggage during the COVID-19 pandemic. According to the new rules, carry-on luggage is not allowed on board an aircraft. These changes apply to all passengers traveling by domestic and international flights. In pursuing this measure, the …