Economy

More than 112 billion standard cubic metres (bscm) of natural gas and 27 million tons of condensate have been produced from the Shahdeniz field in the Azerbaijani sector of the Caspian Sea so far, according to BP. The existing Shah Deniz facilities’ production capacity is currently over 56 million standard …

Azerbaijan’s economic development and the reforms carried out in the country in recent years are reflected in indicators of international reports. The country has made considerable progress with regards to its position in Global Competitiveness Index report 2019 published by the World Economic Forum. In general, Azerbaijan ranked 58th among …

On October 16, a general meeting of the top managers of the Caspian European Club member companies took place under the chairmanship of First Deputy Chairman and CEO of the Caspian European Club Telman Aliyev. Reports of the members of the board, heads of committees, sectoral and inter-sectoral workgroups operating …

National Aviation Academy under Azerbaijan Airlines CJSC announces recruitment for training courses for mechanics of the B-1 category and avionics of the B-2 category on aircraft maintenance. The recruitment is announced among young people from 18 to 32 years old, with secondary or higher education, good knowledge of English, who …

Azerbaijani Energy Minister Parviz Shahbazov will participate in a number of events in Moscow. Invited by Russia’s Energy Minister Alexander Novak, he will attend the 21st GECF Ministerial Meeting on October 3. He will also join the International Forum “Russian Energy Week”. Shahbazov will address both events.

Russian President Vladimir Putin inked a law on ratifying the Convention on the legal status of the Caspian Sea, TASS reported. The Convention on the legal status of the Caspian Sea was signed by Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan at the Fifth Caspian summit, which was held in Aktau, …

Baku has today hosted the German-Azerbaijani business forum on modernization of industry and infrastructure. The Forum was organized by the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) in cooperation with the German Eastern Business Association. This year the core themes of the Forum were finance and business climate, transport and infrastructure, …

A delegation led by Chair of the Management Board of the Agro Procurement and Supply OJSC Leyla Mammadova is on a business trip to Moscow. The purpose of the visit is to attend the Moscow International Food Exhibition on September 24-27. On September 23, a delegation of the Agro Procurement …

An auction for placement of short-term notes of Azerbaijan’s Central Bank (CBA) worth 200 million manats will be held at Baku Stock Exchange (BSE) on Aug. 20, Trend reports referring to BSE. According to BSE, securities at a par value of 100 manats each and a maturity period of 28 days will …

Export of oil and petroleum oils from Georgia to Azerbaijan increases, APA’s local bureau reports citing Georgian State Statistics Committee. 116 447,3 tons of products worth $64186,7 thousand were exported to Azerbaijan from this country in January-June of this year. 94 824,1 tons of products worth $57 977,9 thousand were exported to …