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The value of investments of Azerbaijan’s state oil company SOCAR in Turkey will reach $19.5 billion, director general of the STAR oil refinery of SOCAR, Mesut Ilter, told the Turkish media Jan. 5, Trend reports. Speaking about current projects, Ilter noted that the STAR refinery (one of SOCAR’s assets in …

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.93 to stand at $58.27.

By Leman Mammadova Azerbaijan’s electricity production amounted to 22.52 billion kilowatt-hours in 2018, thus showing an increase of 3.4 percent compared to 2017, Trend reports referring to Azerenergy JSC. The electricity exports to Russia, Georgia, Iran and Turkey increased by 175 million kilowatt-hours or 14.2 percent in 2018 compared to 2017. Over …

Individuals in Azerbaijan will be able to get back a part of the value added tax (VAT) during purchases in retail and catering networks after development of a corresponding mechanism, the Ministry of Taxes told Trend. Since Jan. 1, 2019, amendments to the Tax Code have entered into force in …

By Laman Ismayilova Anna Karenina play, based on the novel with the same name of Russian writer Leo Tolstoy will be staged in Baku. The opera will be presented at Baku Music Academy on February 7, Trend Life reported. Talented actors Ruslan Bankovsky, Dmitry Mazurov, Mikhail Pavlik, Peter Barancheyev and others …

By Laman Ismayilova In 2019, Baku Boulevard, a favorite vacation spot for capital residents and city guests, marks the 110th anniversary of its foundation. In the past few years, Baku Boulevard has grown enormously, covering almost the entire inner part of the bay. The length of the Seaside National Park, …

Head of the Azerbaijani Presidential Administration Ramiz Mehdiyev has issued an Order approving the plan of events on the occasion of the 29th anniversary of January 20 tragedy. Under the plan, meetings, conferences, lectures will be organized, plays will be staged, films and documentaries will be screened to commemorate the …

“Azerbaijan has never been so strong and so independent in history. Azerbaijan has never been so liberal,” said President Ilham Aliyev in his message of congratulation on the occasion of the Day of Solidarity of World Azerbaijanis and New Year. “This year, the presidential election was held in our country. …

Azerbaijani grandmaster Shahriyar Mammadyarov ranks 4th in the latest edition of World Chess Federation (FIDE) rapid ratings. Norwegian Magnus Carlsen tops the ratings.

By Abdul Kerimkhanov December 31 is the day of the universal unity of the Azerbaijani nation. This holiday plays an important role in establishing contacts with Azerbaijanis living in different countries, building solidarity among them. Celebrating Solidarity Day of World Azerbaijanis has become a spiritual necessity for all the world Azerbaijanis. …