Economy

Nar has supported and become a telecommunications partner of the 1st Baku Forum of PR Specialists from Turkic-speaking countries. PR specialists from Azerbaijan, Turkey, Kazakhstan, Uzbekistan and Kyrgyzstan participated in the forum. During the three sessions of the forum, the speakers made presentations on various areas and relevant topics of …

“Despite the price fluctuations we witness in the market, there has been a progressive rise in SOCAR’s revenues and budget payments,” said SOCAR President Rovnag Abdullayev as he commented on the improved profitability of the company. “Following the instructions of President Ilham Aliyev, SOCAR has implemented many important reforms over …

By Abdul Kerimkhanov Azerbaijan has significantly improved its positions in the Index of Economic Freedom-2019, compiled by the U.S. influential think tank The Heritage Foundation. Azerbaijan has raised its position by seven lines in the Index of Economic Freedom-2019. The countries were rated according to criteria such as freedom of business, …

Azerbaijan has ranked 70th among 80 countries in terms of business opportunities and economic growth rates, according to a new ranking from U.S. News & World Report, an American media company that publishes news, opinion, consumer advice, rankings, and analysis. The analysts of the rating highlight the large oil and …

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.68 to trade at $61.77, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.65 to stand at $53.78 on world markets.

Price of a barrel of Azeri Light crude oil decreased $1.38 to trade at $63.16.

Baku hosted an event dedicated to the launch of a partnership program with the Food and Agriculture Organization of the United Nations (FAO). The event was co-organized by the Food and Agriculture Organization of the United Nations (FAO) and the Azerbaijan’s Ministry of Agriculture. Addressing the event, Minister of Agriculture …

Azerbaijan’s low-cost airline Buta Airways announced another new destination in Russia. Starting from May 12, the Airline will launch direct flights from Baku to Ufa. Flights will be operated twice a week on Thursdays and Sundays. The capital of Bashkortostan will be the sixth destination of Buta Airways in Russia. …

Belkommunmash engineering company and Ganja Automobile Plant are exploring a joint project to assemble electric buses in Azerbaijan, Belarus Deputy Prime Minister Mikhail Rusy said as he met with head of Ganja City Executive Authority Niyazi Bayramov, BelTA has learned. Mikhail Rusy noted that the cooperation with Azerbaijan in general …

Zimbabwe has a strong interest in the experience of Azerbaijan in the proper organization of governance, the conduct of independent policies based on national interests and also in the country’s experience in economic and social reforms, Azerbaijani MP Tahir Rzayev told Trend, commenting on the visit of the Zimbabwean President …