Economy

Licorice root via the portal Azexport.az will be exported to Israel, Azerbaijan Economic Reform Analysis and Communication Center told APA. By the invitation of the portal the biggest licorice root and extract importer of Israel, and the representatives of F & C Licorice Group, the top ten in the world have …

“Development of the Azerbaijan-Georgia relations in the field of economy and energy sector was the key topic of discussions at the 8th International Caspian Energy Forum Tbilisi – 2019 in Georgia’s capital on June 21”, First Deputy Chairman and CEO of the Caspian European Club Telman Aliyev said. Ambassador Extraordinary …

The SOCAR Turkey Energy A.S (STEAŞ) has completed the purchase of the shares of the German energy giant EWE Turkey Holding, subsidiary of EWE, in Bursagaz, Kayserigaz, EWE Enerji, Enervis and Millenicom companies. “These companies will continue their operations under the SOCAR Turkey’s ownership adding value to the Turkish and …

Ankara and Baku will become twin cities, new mayor of Ankara Mansur Yavas said at a meeting with Azerbaijani ambassador to Turkey Khazar Ibrahim, Trend reports referring to the Turkish media. “It is an honour for me that an agreement will be signed during the period of my activity at this post,” …

The delegation led by the Tourism Minister of Egypt Rania Al Mashat will pay a visit to Azerbaijan, the Embassy of Egypt to Azerbaijan told APA. The purpose of the visit of the delegation is to attend the 110th meeting of the Executive Committee of the World Tourism Organization to be …

Initial oil and condensate reserves of Azeri Chirag Gunashli, Shahdaniz, Ashrafi, Garabagh, Umid and Absheron fields located in the Azerbaijan sector of the Caspian Sea is estimated with 1 458 million tons, SOCAR told APA Economics. 1 340 million tons of the shown number falls to Azeri Chirag Guneshli (1 100 million …

The number of foreigners visiting Azerbaijan in April 2019 increased by 8.9% or 19.4 thousand people compared to the same period of 2018 and reached 238,000, Azerbaijan State Tourism Agency told APA. According to the report, the largest increase was observed from Georgia among visitors, with 22% (10.2 thousand). With an …

“The 8th International Caspian Energy Forum Tbilisi 2019, scheduled for June 21, will focus on the development of the Azerbaijan-Georgia relations in the field of economy and energy,” First Deputy Chairman and Chief Executive Officer of the Caspian European Club Telman Aliyev said. Caspian Energy Georgia company is an organizer …

The 4th meeting of the US-Azerbaijan Economic Partnership Commission has been held in Baku. The agenda of the commission included issues on the development and strengthening of trade relations between the two countries, investment opportunities, economic reforms in Azerbaijan, as well as cooperation in the fields of tourism, taxes, customs, …

Global energy investments increased by $1 billion year on year to $1.84 trillion last year after three years of decline, the International Energy Agency (IEA) said on Tuesday, Anadolu Agency reports. “More spending on oil, gas and coal supply was offset by lower spend on fossil fuel-based generation and renewable …