Economy

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 …

Staying loyal to its strategy aimed at constant development of Customer services, Nar is known for provision of high level of services to subscribers. According to latest results, the level of services provide to subscribers who applied to the Call Center increased by 20% when compared to the beginning of …

Azerbaijan has improved its position in WEC ranking, taking the 27th place among 125 countries of the world with the best energy system according to the data of the “Energy Trilemma Index” for 2018, compiled by the World Energy Council.In 2017, Azerbaijan took the 31st place among 125 world countries. …

Azerbaijan’s GDP volume reached almost 65.2 billion manats in January-October 2018 that is 0.8 percent more than in January-October 2017, according to a report of the State Statistics Committee.The volume of GDP per capita stood at 6,648.1 manats.In January-October 2018, the volume of GDP produced in the non-oil sector of …

Azerbaijani Foreign Minister Elmar Mammadyarov is on a visit to the United Arab Emirates, the Azerbaijani Foreign Ministry said in a message.According to the message, the minister will attend the 9th Sir Bani Yas Forum.

Digitalization may become one of the drivers of the development of the Azerbaijani banking system, Zakir Nuriyev, chairman of the Azerbaijan Banks Association, said at the 3rd International Banking Forum in Baku on Nov. 15.“This will increase trust between investors and banks and ensure transparency in the sector,” he said.Nuriyev …

Azerbaijan has started organizing buyers missions, Deputy Economy Minister of Azerbaijan Rufat Mammadov said at a briefing in Baku on Nov. 14.The deputy minister noted that the rules on the organization of buying missions are reflected in the relevant document approved by the Azerbaijani government and the presence of such …