Economy

India`s newly-appointed Ambassador to Azerbaijan has hailed trade between the two countries, saying it saw a 85 percent growth compared to 2016. Bawitlung Vanlalvawna hailed economic relations and mutual investments between the two countries. The ambassador also pointed out Indian companies` growing interest in Azerbaijan.

Iranian President Hassan Rouhani has described the relations between the Islamic Republic of Iran and the Republic of Azerbaijan deepening based on the wish of the two nations, adding, “The Islamic Republic of Iran is determined to develop relations with the Republic of Azerbaijan as friendly, neighbouring country”. Speaking at …

Initiatives and proposals on issues concerning business development prospects in Azerbaijan were discussed at the business forum organized by the Caspian European Club in Baku. The event was held with the participation of the Chairman of the Board of the Small and Medium Business Development Agency (SMBDA) of the Republic …

As part of his visit to the Islamic Republic of Iran, Azerbaijan`s Minister of Economy Shahin Mustafayev has met with Iranian counterpart Reza Ardakanian to discuss prospects for energy cooperation. Mustafayev hailed the political ties between Azerbaijan and Iran and the both presidents` political will in expanding cooperation. The minister …

Governor of the General Investment Authority of Saudi Arabia, co-chair of Azerbaijan-Saudi Arabia Joint Intergovernmental Commission Ibrahim bin Abdul Rahman Al-Omar has expressed his country`s keenness to make investments in Azerbaijan as he met with Azerbaijan`s Economy Minister Shahin Mustafayev in Baku. Minister Mustafayev stressed the importance of the Azerbaijani …

An Azerbaijani delegation led by Minister of Economy, Co-Chair of the Azerbaijan-China Intergovernmental Commission on Trade and Economic Cooperation Shahin Mustafayev has held several meetings as part of the visit to China. The Azerbaijani delegation met with Chinese Transportation Minister Li Xiaopeng. Mustafayev noted that Azerbaijan attaches special importance to …

Azerbaijan exported 794.5 million cubic meters of gas to Turkey in December, becoming the country`s third largest gas supplier. According to Turkey’s Energy Market Regulatory Authority (EMRA) report, Turkey`s gas import from Azerbaijan increased by 200 million cubic meters in December against the same period of the previous year. With …

Supported by the Embassy of India in Baku, PHD Chamber of Commerce and Industry (PHDCCI) of India will organize the 2nd edition of Best of India – Biggest Exclusive Indian Product Trade Show at Baku Sport Palace on 7-17 March. The series of shows held overseas have consistently presented Indian …

“The number of companies, which want to cooperate with and make investment in Azerbaijan, is growing,” said President Ilham Aliyev as he chaired a meeting on economic and social issues. “The negotiations and meetings I held as part of the Davos World Economic Forum this January again demonstrates that the …

“Azerbaijan’s positive economic development brought about an increase in trade between Germany and Azerbaijan last year,” Honorary Consul of Azerbaijan in Stuttgart Otto Hauser has told AZERTAC. “Last year trade between the two countries made 1.27 billion euros. It is 50 percent more than previous year. This is a clear indicative …