Economy

As reported, the World Tourism Organization (UNWTO) held its 109th Executive Council session in Manama, Bahrain. The event bringing together over 100 delegates from 40 world countries is also attended by Azerbaijani delegation comprising Chairman of Azerbaijan’s State Tourism Agency Fuad Nagiyev, Ambassador Extraordinary and Plenipotentiary of the Republic of …

Azerbaijan and Kazakhstan discussed cooperation in trade, investment, export and other areas, as Energy Minister Parviz Shahbazov met the Minister of Investment and Development Jenis Kasimbek as part of his visit to Astana. As it was noted, the trade turnover between the two countries in eight months of 2018 increased …

The Norwegian company DNV GL will help create a support system in Azerbaijan in the alternative energy sector, the company’s Chief Consultant Ilka Lewington told reporters on Oct. 30. The creation of such a system is provided for as part of the development of a draft law on renewable energy …

Azerbaijan Railways CJSC and Turkey’s government-owned railway company TCDD Tasimacilik tested the possibility of operating Azerbaijani freight cars on Turkish railways, Azerbaijani Railways said in a message on Oct. 29. A car of Azerbaijan Railways was included into a local Turkish train at the Kars station and proceeded through such …

The Baku-Tbilisi-Kars (BTK) railway is a very big achievement, not only of regional, but also of world importance, National Secretary of the Transport Cooperation Program (TRACECA – Transport Corridor Europe Caucasus Asia) for Azerbaijan Akif Mustafayev told Trend. Mustafayev emphasized that BTK was implemented thanks to Azerbaijani President Ilham Aliyev’s …

A meeting of the heads of European countries’ air navigation bodies took place in Brussels, in which AZANS Air Traffic Control Center took part. Following the meeting, AZANS was elected to European Air Navigation Organizations CEO committee. This Committee includes the general directors of air navigation bodies of England, Germany, …

Minister of Energy of Azerbaijan Parviz Shahbazov has met a delegation of the Board of the Caspian European Club headed with First Deputy Chairman and Chief Executive Officer Telman Aliyev. The meeting discussed the possibilities of expansion of the bilateral cooperation, an activity of the Caspian European Club, key aspects …

SOCAR’s President Rovnaq Abdullayev has met with the Turkish Minister of Energy and Natural Resources Fatih Donmez. Abdullayev provided an insight into SOCAR’s investments in Turkey. He highlighted the forthcoming launch of Star refinery next week. “Built in the territory of the Turkish PETKIM oil and  gas complex, the refinery will …

Azerbaijan`s Foreign Minister Elmar Mammadyarov has met with a delegation led by Secretary General of the Economic Cooperation Organization (ECO) Dr. Hadi Soleimanpour. Underlining the support of Azerbaijan to the regional economic projects implemented in the ECO region, Minister Mammadyarov emphasized that Azerbaijan attaches special importance to the establishment of …

Azerbaijan and Turkey have enough will and resources to implement more than one major project, the President of the Executive Committee of the Economic Research Foundation of Turkey, expert Ahmet Incekara told reporters Oct. 24. The expert recalled that recently the opening ceremony of the Star oil refinery, owned by …