“We believe that Chevron`s decision is a completely business decision,” said BP Azerbaijan`s Vice President for Communications, External Affairs, Strategy and Region Bakhtiyar Aslanbayli as he commented on media reports saying that Chevron is seeking to sell its stakes in Azerbaijan’s largest oilfield Azeri-Chirag-Gunashli (ACG). “I suggest you talk to …
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Azerbaijan adjusts Electoral Code to fit with Constitution over presidential election
A draft law on amending Azerbaijan’s Electoral Code was discussed at a plenary session of the Azerbaijani parliament Nov. 30.The draft law submitted to the parliament reads that there are contradictions between the first part of Article 110, the first part of Article 105 of the Constitution and Article 178 …
Read More »House of SMEs may open in Baku in 2019
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 …
Read More »Azerbaijani oil price exceeds $63
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.
Read More »Heydar Aliyev International Airport served 3.8 million passengers during ten months of 2018
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 …
Read More »Azerbaijan, Russia and Iran set up working group on further development of transportations
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 …
Read More »WB ready to help Azerbaijan reform labor market
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 …
Read More »Global Competitiveness Report: Azerbaijan ranks first among former Soviet republics in road quality index
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 …
Read More »Azerbaijan-Turkmenistan establish Joint Commission for transport, transit and logistics
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, …
Read More »Kazakhstan, Azerbaijan can become transit hub between Europe and Asia – Ambassador
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 …
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