Economy

An Azerbaijan-Austria business meeting has been held in Baku organized by the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) in partnership with the Ministry of Economy, The event brought together more than 20 Austrian businessmen from the fields of energy, machine building, ICT, food, banking, pharmaceutical and other sectors. Addressing …

6th generation semi-submersible drilling rig Heydar Aliyev under Caspian Drilling Company’s (CDC) management sat Caspian Sea record while drilling ABD-001 well on Absheron field where JOCAP (Joined Operating Company Absheron Petroleum a JV SOCAR Absheron 50% – TOTAL E&P Absheron 50%) is operator. On April 15 at 13:00 the well …

BP as operator of the Azeri-Chirag-Gunashli (ACG) oil and Shah Deniz gas fields in the Caspian Sea announced today a $500 million extension to its drilling and engineering contract in Azerbaijan. The new contract has been awarded to the Turan Drilling & Engineering Company LLC which is a KCA Deutag …

Azerbaijan’s national air carrier has held a presentation in Riyadh entitled “Azerbaijan through the eyes of a falcon”, which presented new routes of Azerbaijan Airlines to a number of cities in Saudi Arabia. The event was attended by a delegation of AZAL, led by Vice-President Eldar Hajiyev, representatives of the …

AZAL President Jahangir Asgarov has today met with Mayor of the city of Batumi Lasha Komakhidze, who is in Baku on a working visit. The sides hailed the opening of direct regular flights starting from June 14, 2019 by the Azerbaijani low-cost airline Buta Airways. According to Jahangir Asgarov, flights …

Kapital Bank’s assets as of April 1, 2019 have amounted to 3.6 bln. manats, while the volume of the Bank’s credit portfolio has reached 1.5 bln. manats. The total amount of client deposits in Kapital Bank as of April 1, 2019 have amounted to 2.7 billion manats. The amount of …

Azerbaijan`s Ministry of Economy will send an export mission to Doha, the capital of Qatar, from April 12 to April 16. The export mission will include 25 companies specializing in the fields of food, textile, travel and building materials industries. According to the ministry, the export mission aims to promote …

Azerbaijan Export and Investment Promotion Foundation (AZPROMO) is inviting Azerbaijani entrepreneurs to attend a business forum to be organized by the Shanghai Cooperation Organization (SCO) in Bishkek in May. The forum aims to strengthen economic, business, trade and export relations within SCO and attract new investments, AZPROMO said.

The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) has held the official presentation of its brand-new “Market Analysis Azerbaijan 2019” publication, released in cooperation with Germany Trade and Invest (GTAI). Delivering a brief information about the project, Executive Director of AHK Azerbaijan Tobias Baumann expressed his acknowledgement to the companies supporting …

Azerbaijani and Latvian businessmen hold business meetings as part of the next Azerbaijani export mission dispatched to Riga. Organized by the support of the Ministry of Economy and Azerbaijan Export and Investment Promotion Foundation (AZPROMO), the mission includes 23 Azerbaijani companies, which promote food, wine, as well as tourism and …