Economy

Azerbaijan’s trading house has opened in Dubai, the UAE. Created by Azerbaijan’s Ministry of Economy, the trading house supports the promotion of Azerbaijani goods under the ‘Made in  Azerbaijan’ brand in Dubai, and engage in marketing research, participation in exhibitions and other activities related to the promotion of Azerbaijani goods. …

“The Republic of Korea has invested almost USD 180 million in Azerbaijan’s economy, while the Azerbaijani investments to this country amounted to USD 474 million,” said Minister of Economy Shahin Mustafayev. Mustafayev said that a legal framework was established between the two countries, and 57 documents had been signed so …

The Government of Azerbaijan and the Republic of Korea have signed a Framework Agreement on Grant Assistance. The document was signed by Azerbaijan’s Minister of Economy Shahin Mustafayev and Korean Ambassador to Azerbaijan Kim Tong-op. The document envisages continuation of joint cooperation between Azerbaijan and the Republic of Korea on …

Starting this January, İran Air opens Tabriz-Baku-Tabriz flight. The flights will be carried out twice a week, on Mondays and Thursdays by ATR type aircrafts. The flight will take off from Tabriz at 09.40 local time, while return flights from Baku will be operated on the same days at 19.50. …

SOCAR Energy Ukraine, Ukrainian subsidiary of Azerbaijan’s state oil company SOCAR, plans to open up to eight new filling stations in Ukraine in 2019, the company told Trend. SOCAR Energy Ukraine said that currently the main tendency not only in Ukrainian, but also in European filling stations’ market is the …

Heydar Aliyev International Airport has set a new record for passenger traffic volume – last year it served a total of 4.43 million passengers. This is 9 percent higher than in 2017. In 2018, base airlines of the Airport – AZAL and Buta Airways carried 1.89 million and 442,000 passengers, …

Tax audits, which are being held in the Azerbaijani state oil company SOCAR, are the planned on-site inspections, Trend reports referring to a joint statement made by SOCAR and the Azerbaijani Taxes Ministry on Jan. 10. While commenting on the recent information regarding tax audits in SOCAR, both structures emphasized …

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $2.86 to stand at $62.49.

According to AZPROMO, Azerbaijani entrepreneurs and businessmen will take part in a number of exhibitions to be held in Almaty, Kazakhstan, on November 6-8, 2019. Azerbaijan’s representatives will join the exhibitions of Food Industry – 22nd International FoodExpo, Agriculture – 14th International Agroworld Exhibition, Logistics – 4th International ColdChain Exhibition, …