Economy

There are plans to open the House of Small and Medium-sized Enterprises (SMEs) in Baku in 2019, chairman of the board of the Agency for the Development of SMEs in Azerbaijan Orkhan Mammadov told reporters in Baku Nov. 29.He said that in the coming days, the opening of centers “Friend …

The price of Azerbaijani oil has increased on the world markets.The price of a barrel of Azeri Light crude oil rose $1.88 to stand at $63.13.

During the first ten months of 2018, Heydar Aliyev International Airport served a total of 3.8 million passengers. This indicator exceeds the same indicator of the previous year by 10 percent.National air carrier Azerbaijan Airlines (AZAL) carried 1 million 628,000 passengers, while national low-cost airline Buta Airways – 382,000 passengers.3,28 …

Azerbaijan, Russia and Iran created a joint working group on solution of the issues of further development of transportations between the countries and also a relevant system of monitoring.The issue was focused on within the Transport Week-2018 which took place in Moscow and discussed issues of transportation of goods between …

The World Bank (WB) supports Azerbaijan’s employment strategy and is eager to support the country’s employment action plan, Head of the WB Baku Office Naveed Naqvi told Trend.He noted that, the bank supports the Labor Ministry of Azerbaijan in this direction, adding that work to improve the existing pension system …

Azerbaijan has ranked 34th among 140 countries and first among former Soviet republics in terms of road quality, according to the Global Competitiveness Report.Azerbaijan made a big leap forward in the index, outclassing European countries such as Lithuania, Estonia, Slovenia, Norway, Ireland, Belgium and Italy.The top five in the index …

A joint Commission for Transport, Transit and Logistics between Azerbaijan and Turkmenistan has been established, Azerbaijan’s Minister of Economy Shahin Mustafayev told a press conference.Minister Mustafayev noted that the Commission will contribute to further development of maritime, automobile, rail and air transportation, effective resolution of transit and import-export cargo transportation, …

Mutual trade between Azerbaijan and Kazakhstan In the first 9 months of 2018, the mutual trade turnover between Azerbaijan and Kazakhstan increased by 65.6 percent, the Kazakh ambassador said.”Azerbaijan’s exports to Kazakhstan, amounting to almost $36 million, increased by 65.1 percent, while imports from Kazakhstan to Azerbaijan rose by more …

Azerbaijan will host an international forum on agrarian technologies and green energy for the first time. The AgTech and Green Energy forum will be co-organized by the Ministry of Agriculture and the Ministry of Energy.The forum under the motto “Innovations for a green future” will be held at ADA University …

We continue the story about the most significant fortresses of Azerbaijan. In the old days, most cities in Azerbaijan tried to strengthen their possessions with powerful fortress walls, combining defensive towers into a single fortification ensemble. Some of these fortress cities have survived to the present day, others have been …