Economy

A joint project being implemented by the National Confederation of Entrepreneurs (Employers’) Organizations of Azerbaijan (ASK) and the German government in the field of vocational education has been extended in Azerbaijan, Trend reports with reference to a source in the ASK. The project has been extended for another three years, …

The price of Azerbaijani oil has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.81 to stand at $63.81.

A Russian delegation led by Minister of Economic Development Maxim Oreshkin will visit Azerbaijan on February 8. As part of the visit, the Azerbaijani and Russian delegations will review the reconstruction of Yarag-Gazmalar checkpoint, Samur checkpoint, as well as the construction of a bridge over Samur river. The sides will …

  January saw a growth in the import of Georgian wines. Azerbaijan imported 5,790 bottles of wine from Georgia in early 2019, the National Wine Agency of Georgia told Report. This is a two-fold increase compared to January 2018. Last month, Georgia exported 6.25 million bottles of wine to 24 countries, which is …

Azerbaijani banks’ capital adequacy is the highest among CIS systems, Trend reports referring to Moody’s report. “Azerbaijani banks have strongest capital adequacy as a result of government capital support for the International Bank of Azerbaijan (IBA),” Moody’s said. The Azerbaijani Financial Market Supervision Authority (FIMSA) has approved a schedule for …

“Georgia and Azerbaijan maintain very successful cooperation in the region. The jointly implemented energy and transport projects continue to increase the influence and importance of the two countries. Today, with confidence we can say that Azerbaijan and Georgia play the role of a bridge between Europe and Asia,” mayor of …

An Azerbaijani delegation led by Economy Minister Shahin Mustafayev will visit Uzbekistan on February 4-5. The Azerbaijani delegation includes Minister of Agriculture Inam Karimov, Chairman of Azerbaijan Railways CJSC Javid Gurbanov, Chairman of Azerbaijan Caspian Shipping CJSC Rauf Valiyev, Director-General of the Baku International Sea Trade Port Taleh Ziyadov, as …

Azerbaijan’s “Mingachevir Textile” LLC has established deliveries of its products to Portugal and Belgium, Rashad Karimov, the public relations manager of the company, told Trend. Karimov noted that presently, the company’s products are exported to Turkey and Russia. “We intend to further expand the geography of exports. In particular, it …

The price of Azerbaijani oil has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.94 to stand at $63.83.

The price of Azerbaijani oil has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.41 to stand at $62.89.