Economy

It is reported that AERA chairman Samir Akhundov received the chairman of Caspian Hydrogendevelopment Group LLC, Teymur Abbasov, manager of the new project development department of Toyota Tsusho Co, Fumihiko Sato and deputy manager of Eurus Energy, Tomataka Watanabe, Azernews reports, citing AERA. According to the information, after the parties provided information …

During his visit to Bucharest, the Minister of Energy, Parviz Shahbazov, and the Minister of Energy of Romania, Sebastian Ioan Burduja, held a meeting, Azernews reports, citing the ministry. The meeting emphasized the importance of the mutual visits of the Presidents of Azerbaijan and Romania for cooperation between the two countries and …

The fifth meeting of the intergovernmental commission between Kyrgyzstan and Azerbaijan was held in Bishkek, Azernews reports. During the meeting, representatives of the two countries discussed prospects for cooperation in various areas such as construction, education, communications, defence, production and transport. It should be noted that a meeting of business delegations of …

Azerbaijan and Uzbekistan intend to increase trade turnover by 5.5 times and reach $1bn in the near future. On this, Azerbaijani and Uzbek delegations agreed the 12th meeting of the Azerbaijan-Uzbekistan Joint Intergovernmental Commission which kicked off in the city of Shusha. Uzbek Ministry of Investment, Industry, and Trade noted …

The 12th meeting of the Joint Intergovernmental Commission on Cooperation between the Republic of Azerbaijan and the Republic of Uzbekistan was held in Shusha. Minister of Economy, and co-chair of the joint commission Mikayil Jabbarov stressed that this event is the first meeting of the intergovernmental commission organized in Shusha …

Iranian Energy Minister Ali Akbar Mehrabyan said that Iran and Russia will exchange electricity through Azerbaijan, including Georgia and also Armenia, Azernews reports, citing Iranian media. “For the exchange of electricity with Russia, we used two routes – the Republic of Azerbaijan and Georgia-Armenia, and we are in the process …

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó. During the meeting, the sides emphasized the increasing dynamics of relations between the two countries, highlighting the role of mutual official visits, high-level meetings, and legal and contractual framework in terms of …

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Azerbaijan opened 22 new companies in Uzbekistan in January-May 2023, Azernews reports. According to the Statistics Agency of Uzbekistan, Azerbaijan ranked ninth among ten countries that created new enterprises with foreign capital in Uzbekistan in the first five months of this year. During the reporting period, Russia leads in the number of …

Bulgaria imported 74.8 million cubic meters of natural gas from Azerbaijan in April 2023 compared to 44.5 million cubic meters in March, Azernews reports. Thus, gas imports to the country from Azerbaijan increased by more than 68 percent compared to the previous month. The cost of gas deliveries in April was 29.9 …