Economy

Safety of the pipeline is firstly assured by the design of the pipeline,Trend reports citing BP Azerbaijan’s communications manager Tamam Bayatly. She made the remarks in an interview with John Batchelor Show, a famous American radio program that has a wide audience of listeners. “Safety and security is very important …

Russian company LUKOIL has expressed keenness to expand its presence in Azerbaijan as its president Vagit Alekperov met with President of the State Oil Company of Azerbaijan Republic (SOCAR) Rovnag Abdullayev. They hailed long-term relationship between LUKOIL and SOCAR, and LUKOIL’s active involvement in projects implemented in Azerbaijan. Alekperov described …

The 13th meeting of the Joint Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC Ministerial Monitoring Committee (JMMC) has kicked off in Baku. 14 oil producing countries, and OPEC Secretariat are highly represented at the meeting. Participants in the event include OPEC Secretary General Mohammad Barkindo, OPEC president, People’s …

SOCAR Energy Switzerland has obtained one of five concessions awarded by the Federal Roads Office (FEDRO) for the construction of 20 fast electric charging stations at Swiss motorway resting places. SOCAR is the only traditional filling station operator to win a concession. The company already operates seven fast charging stations …

Starting from today customers can rent the deposit boxes at AtaBank by paying half price. So for instance, within the campaign the monthly rent fee for cells will be 15, 25 and 35 manats. Different sized boxes offered according to client’s request. The rent fee is determined in accordance with …

“Montenegro is keen to cooperate with Azerbaijan in the field of renewable energy, “ said executive director of Montenegrin Adriatic Capital Marko Vujovic as he met with Azerbaijan`s deputy energy minister Elnur Soltanov in Baku. Vujovic highlighted the current state of the alternative and renewable energy sector, the company`s activity …

A meeting has been held between representatives of “Azeraeronavigation” Air Traffic Control Department (AZANS) and a delegation of EUROCONTROL, headed by Joe Sultana, Director of Airspace Management Center in Europe (Network Manager Operations Centre – NMOC) on the sidelines of World ATM Congress 2019 in Madrid. Issues were raised about …

Director of “Azeraeronavigation” Air Traffic Control (AZANS) Farhan Guliyev has met with Vice-President of SITA Stephan Egli, the leading organization in the sphere of communication and information technologies in aviation industry, on the sidelines of the World ATM Congress in 2019 in Madrid. Following the meeting, a document “Technical Solution …

Baku will host a Poland-Azerbaijan business forum as part of a meeting of the intergovernmental commission on economic relations between the two countries on April 11. Poland’s Entrepreneurship and Technology Minister Yadvika Emilevic and Emergency Situations Minister of Azerbaijan Kamaladdin Heydarov will take part in the meeting. The forum will …

The Bankers’ Association for Finance and Trade (BAFT) in partnership with Kapital Bank and Pasha Bank have held workshops in Baku. The workshop on “Trade Finance” was held on March 6. The workshop participants were provided with detailed information about the purpose of trade finance, when to use it, cases …