Economy

The Ukrainian Foreign Ministry at the bilateral level is actively discussing the restoration of flights with countries, Ukrainian Deputy Foreign Minister Yevgeny Yenin said in an interview with Interfax-Ukraine news agency, Trend reports. “Presently, there are positive signals stipulating the restoration of flights with Azerbaijan, Bulgaria, Georgia, Turkey and Cyprus,” the deputy …

Turkish state oil and gas company BOTAŞ has announced a tender for construction of gas pipeline in Nakhchivan Autonomous Republic, Turkish media reported on June 9. According to the statement, bids for participation in the tender will be accepted until June 30, 2020. Gas pipeline will be 82 kilometers in …

Germany seeks to further expand its relations with Azerbaijan, Federal Ministry for Economic Affairs and Energy (BMWi) told Trend. “Germany seeks to further expand its relations with Azerbaijan on the principles of trustful cooperation and the rule of law not limited to certain business areas. The German government supports the activities …

The flights between Russia and Azerbaijan will be resumed on July 15. According to Russian Tour Operators Association, the country will restore international air communication with eight CIS countries, including Azerbaijan from this date. Airlines will be able to hold sales of tickets from mid-June. According to the report, from …

The national air carrier of Azerbaijan has performed a charter flight from Ankara delivering 144 Azerbaijani citizens to Baku, press service of Azerbaijan Airlines CJSC told AZERTAC. According to AZAL, all passengers are quarantined on the mandatory basis. AZAL performs charter flights to return compatriots to their homeland in accordance with …

The Swiss State Secretariat for Economic Affairs (SECO) has approved a $1.6 million-program to be implemented jointly with Azerbaijan’s Ministry of Economy and the World Bank  in the area of taxation, the Swiss Embassy in Azerbaijan press service reports on May 31, the Swiss Embassy reported in its official Facebook …

Chairman of the Board of the Central Bank of Azerbaijan (CBA) Elman Rustamov has described as satisfactory the country’s financial sector. Addressing the presser of CBA and the Deposit Insurance Fund on June 1, Rustamov said: “The loan portfolio of banks has grown by 2.8 percent since the beginning of this …

During January-March of this year, Turkey imported over 2,729.24 cubic meters of gas from Azerbaijan which is 20.54% more as compared with relevant period of 2019. Thereby, Azerbaijan has occupied the second place in Turkey’s total gas import, “APA-Economics” reports citing Turkey’s Energy Market Regulatory Authority (EPDK). During January-March of …

Azerbaijan has taken 44th position in the Energy Transition Index (ETI) in the Davos Economic Forum’s report, showing the highest result among the CIS countries, Trend reports. The report takes into account the main criteria for creating safe, sustainable, affordable and inclusive energy systems for future generations and provides for the transition …

The third international online Azerbaijan-Turkey B2B forum, organized by DEIK and the Caspian European Club, has explored issues and challenges facing the Azerbaijani and Turkish companies during the coronavirus COVID-19 pandemic period. Studied in the course of the forum were also companies’ suggestions and a possibility of strengthening economic and …