Economy

The State Oil Company of Azerbaijan (SOCAR) and Uzbekneftegaz JSC have agreed to hold a series of technical meetings in order to share achievements and exchange experience as SOCAR President Rovnag Abdullayev met with chairman of the Board of the Uzbek company Mekhriddin Abdullaev. Rovnag Abdullayev highlighted the use of …

As part of his visit to Vienna, Azerbaijan`s Energy Minister Parviz Shahbazov has met with Saudi Arabia’s Energy Minister Abdulaziz bin Salman Al Saud, OPEC Secretary General Mohammed Barkindo and Russian Energy Minister Alexander Novak. During the meeting with Saudi Minister Abdulaziz bin Salman Al Saud, the sides discussed factors …

A delegation of Azerbaijani entrepreneurs led by Chairman and Group CEO of the Caspian European Club/Caspian Energy Telman Aliyev has attended the Georgia-Azerbaijan Business Forum organized by the EU-Georgia Business Council. The business forum, aimed mainly at developing business relations between Georgia and Azerbaijan, heard speeches from First Deputy Minister …

In connection with numerous appeals, the press-service of Azerbaijan Airlines CJSC reports that Buta Airways currently does not plan to make changes to the current flight schedule to Iran. “In particular, low-cost airline Buta Airways that operates daily flights on the Baku-Tehran-Baku route, plans to continue the flights in accordance …

The trade between Azerbaijan and Ukraine made up nearly $9 million in January of this year, according to the Belarus National Statistical Committee. The volume of imports from Belarus to Azerbaijan amounted to $7.8 million, while exports from Azerbaijan to Belarus made $1 million, official figures suggest. The volume of …

Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and Italian company K BEK SPORT SRL have signed a sign a Memorandum of Understanding on cooperation on the sidelines of the Italy-Azerbaijan business forum in Rome. Under the agreement, the sides will expand trade and investment cooperation, encourage investment initiatives with joint …

Import and export operations between Azerbaijan and Ukraine made up nearly $116 million in January of this year, according to Ukraine`s State Statistical Committee. Official figures suggest that exports from Azerbaijan to Ukraine reached $25.7 million, while imports amounted to $84.3 million last month. Ukraine is Azerbaijan`s second largest trade …

Italy was Azerbaijan’s top export market in January of this year, according to State Customs Committee. Official statistics suggests that Italy, the Czech Republic and Portugal were the largest export destinations of Azerbaijan among the EU member states. The volume of export with Italy made $1,142,7 billion, while it amounted …

“ADY Container” is expanding its contacts in Europe. Its representative, Rashad Majidov, met with Director of the company “Rail Cargo Hungary” Martha Gabor and representative of the company for the South-Eastern Europe Daniel Dejo. The meeting members discussed the organization of container freight between Central and Eastern Europe, Azerbaijan and …

A delegation of Azerbaijan Airlines will attend the first international Uzbekistan Airports, Aviation & Logistics Forum in Tashkent this month. The international aviation forum will see a large number of international logistics specialists, heads of transport ministries, high-ranking representatives of airports, aviation and transport companies from the UK, Germany, France, …