Economy

The Director of the State Agency for Vocational Education, Jeyhun Karamov, has announced plans to introduce new specialties in the field of alternative energy as part of the “Year of Solidarity for the Green World” initiative, Azernews reports. Starting in the 2024-2025 academic year, the agency intends to offer courses in solar …

The conference “Raising Ambition, Enabling Action: COP29 Sustainable Business Forum” has commenced in Baku on May 17, Azernews reports. Alessandra Roccasalvoya, Acting Resident Representative of the United Nations Development Program (UNDP) in Azerbaijan, emphasised, “Participants of COP29 in Baku will engage in discussions and take actions to ensure a sustainable future for …

Trade relations between Azerbaijan and China have seen significant growth in recent years, reflecting the strengthening economic ties between the two countries. The first quarter of 2024 witnessed a substantial increase in trade turnover, Azernews reports, citing the State Customs Committee. During this period, the trade turnover between Azerbaijan and China reached …

In the framework of the III Tashkent International Investment Forum, contracts worth a total of 26.6 billion US dollars were signed, Azernews reports, citing the Ministry of Investment, Industry, and Trade of Uzbekistan. “It is worth noting that during the Tashkent International Investment Forum in 2022, contracts worth 11 billion US dollars …

Azerbaijan and Uzbekistan discussed the development of cooperation in the fields of electrical engineering and device manufacturing. According to the information reported by Azernews citing the Ministry of Economy, Deputy Minister Samad Bashirli was informed about this in a meeting with Mirziyod Yunusov, the Chairman of the Board of Directors of the …

bp as operator of the Azeri-Chirag-Deepwater Gunashli (ACG) field development project, advises that as part of its ACG annual work program, it is conducting planned maintenance (turnaround-TAR) works on the Deepwater Gunashli platform, Azernews reports, citing bp-Azerbaijan. In accordance with the plan, production from the Deepwater Gunashli platform was suspended …

SOCAR and the French oil and gas company TotalEnergies have closed a deal to each sell 15% of shares in the Absheron gas field development project in the Azerbaijani sector of the Caspian Sea to ADNOC from the UAE, Azernews reports, citing TotalEnergies. The company said that with the closing of the …

On April 15-19, 2024, the largest exhibition of the metallurgical industry, “Tube 2024”, took place in Dusseldorf, Germany. Azerbaijan was represented at this exhibition by the largest and most advanced metallurgical company in the Caucasus, Baku Steel Company CJSC, Azernews reports. At the “Tube 2024” exhibition, where more than 2,600 companies from …

The National Support Centre for Agriculture (KOWR), a Polish governmental agency, supervised by the Minister of Agriculture and Rural Development, will hold an event on April 25 to discuss the possibilities of exporting Polish agricultural products to Azerbaijan, Azernews reports, citing the KOWR. On April 25, KOWR will hold a webinar called …

Azerbaijani Energy Minister Parviz Shahbazov received the delegation of the Asian Development Bank, led by Yevgeny Zhukov, Director General of the Central and Western Asia Regional Department of the Bank, Azernews reports, citing the Ministry. According to information, at the meeting, satisfaction was expressed with the development of long-term mutually beneficial cooperation …