Tag Archives: economy

On December 15, the State Oil Company of Azerbaijan (SOCAR) and BP Azerbaijan announced a joint initiative to reduce methane emissions in Azerbaijan. The collaboration is part of the Advancing Global Methane Reduction (AGMR) initiative, which is part of the Methane Guiding Principles (MGP), Azernews reports. The initiative focuses on instigating methane …

The European Bank for Reconstruction and Development (EBRD) is ready to support Azerbaijan in organizing COP29, Azernews reports, citing EBRD’s First Vice President Jürgen Rigterink telling at the meeting with Azerbaijan’s Economy Minister Mikayil Jabbarov in the United Kingdom. The minister expressed his gratitude to the EBRD for its longstanding and continuous …

Being one of the main factors affecting surroundings, humankind has tried to adapt the environment according to its needs throughout history. Even in pre-historic times, as humankind spread from Africa to other continents, many local animals and even plants started to go extinct in places where humankind stepped upon them. …

The Baku-Tbilisi-Kars railway line is planned to be put into full operation next year, Azernews reports, citing Georgian Vice Prime Minister, Economy, and Sustainable Development Minister Levan Davitashvili. He emphasised that the Trans-Caspian Transport Corridor is an integral part of the Trans-Caspian Transport Corridor and that effective cooperation is being carried out …

Apart from being a traditional sector, investing in agriculture looks beneficial and it is considered the most important field of business in the diversification of Azerbaijan’s economy. Azerbaijan has been famous for its agricultural products throughout history. During the USSR, the country was dubbed the garden (orchard) of the Soviets. …

Turkish Transport and Infrastructure Minister Abdulkadir Uraloğlu attended the 7th Transport Ministers Meeting of the Organisation of Turkish States (OTS) held in Zangilan, Azerbaijan. Uraloğlu gave a speech and noted that OTS countries are a community that has the potential to become a global power with a young and dynamic …

Prospects for expanding mutual cooperation in the energy sector between the State Oil Company of Azerbaijan (SOCAR) and the Bolivarian Republic of Venezuela have been discussed, Azernews reports. With reference to SOCAR, this became known during the meeting of SOCAR President Rovshan Najaf with Ambassador Extraordinary and Plenipotentiary of Venezuela to Azerbaijan, …

The projects carried out in the field of “green energy” provide an opportunity to expand the potential of electricity production and export, and open wide prospects for the transportation of electricity from Central Asian countries to Europe through Azerbaijan. This was announced at a tripartite meeting held in Baku with …

Tet International Development LLC with Japanese capital and shareholder Taro Sawada cultivates tobacco on an area of about 1,200 hectares in Azerbaijan, Azernews reports citing the Director of the company Namig Asgarov telling in an interview with the local media outlets. Regarding future projects and prospects, Namig Asgarov said that Tet International …

Chisinau is interested in attracting Azerbaijani investors and diversifying gas supply sources with the help of Baku, Deputy Prime Minister and Foreign Minister of Moldova Nicu Popescu said, Azernews reports. Nicu Popescu held a meeting with Azerbaijani Deputy Foreign Minister Khalaf Khalafov. “I stressed Moldova’s interest in attracting as many …