Tag Archives: Azerbaijan economy

Russia’s Penoplex Group has opened a plant in Azerbaijan’s Hajikabul district to manufacture thermal insulation panels, Azernews reports, citing Interfax. The company invested AZN18.4 million (about $10.8 million) in the Penoplex Prikavkazye plant, which was built on 6.7 hectares in the Hajikabul industrial quarter, Azerbaijan’s Economic Zones Development Agency reported. The plant …

The tax revenues to the state budget equaled AZN10.4 billion ($6.1bn) in January-September 2022, Azerbaijan’s Economy Minister Mikayil Jabbarov said, Azernews reports. He added that this amount is AZN4bn ($2.4bn) or 64.5 percent more than during the relevant period of 2021. “In January-September of 2022, the tax revenues to the …

Azerbaijan`s Minister of Energy Parviz Shahbazov and European Commissioner for Energy Kadri Simson have issued a joint press statement. AZERTAC presents the statement. “Baku, 4 February 2022. The Eighth Ministerial Meeting of the Southern Gas Corridor Advisory Council, held in Baku on the 4th of February 2022, reaffirmed the strategic energy …

The Ministry of Digital Development and Transport has held a seminar on “Digital Development and Transport Priorities in Azerbaijan”. The event was attended by experts in the field of information technologies and transport, public activists, representatives of NGOs, business sector and media. The seminar focused on the tasks and goals …

Azerbaijan’s Foreign Minister Elmar Mammadyarov received Khairullah Spelenai, the newly appointed Ambassador of the Islamic Republic of Afghanistan to the Republic of Azerbaijan.Minister Elmar Mammadyarov congratulated Ambassador Khairullah Spelenai on his appointment as an Ambassador to Azerbaijan and wished him success in his future activities.At the meeting, discussed were bilateral …

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 …

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 …

Fitch Ratings, an international rating agency, has noted improvement in the macroeconomic conditions in Azerbaijan, the agency said in a message.The message reads that in January-September 2018, the economy of Azerbaijan grew by 0.8 percent year-on-year, while the growth rate of non-oil GDP was one percent.Inflation fell sharply from 12.9 …

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.