Economy

Azerbaijani President approves funding for construction of Zire-Turkan highway

25.07.2017 | Readed: 40

Azerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Zire-Turkan highway. Under the......

First test train from Turkey to Georgia sent through Baku-Tbilisi-Kars railway route

21.07.2017 | Readed: 46

The first test train was sent from Kars to Georgian-Turkish border through Baku-Tbilisi-Kars route.......

Caspian European Club and Caspian Energy attend World Petroleum Congress Istanbul 2017

11.07.2017 | Readed: 94

A delegation of the Caspian European Club and Caspian Energy International Media Group is taking part in the 22nd World Petroleum Congress. Caspian Energy stand is also presented at the......

8 million 126 thousand 315 tons of Azerbaijani oil exported from Ceyhan Port in 2017

05.07.2017 | Readed: 109

SOCAR exported 159,826 tons of crude oil from the Novorossiysk Port, 176,139 tons of crude oil from the Supsa Port, and 1,429,248 tons of crude oil from the Ceyhan Port in June,......

Airfare of Buta Airways flights to start from 29 euro

24.06.2017 | Readed: 139

Final minimum airfare for all destinations of Azerbaijan’s first low-cost airline - Buta Airways will be only 29 euros one......

AZAL opens direct flights between capitals of Azerbaijan and Thailand

20.06.2017 | Readed: 155

Azerbaijan Airlines starts operating regular passenger flights from Baku to the capital of Thailand - Bangkok (Suvarnabhumi International Airport) starting October 29. It should be noted that......

Heydar Aliyev International Airport significantly increased passenger traffic

12.06.2017 | Readed: 168

During January-May 2017, Heydar Aliyev International Airport served 1.37 million passengers, which is 34 percent more than the same period of last year. Only in May 315,000 passengers were......

BUTA AIRWAYS livery and logo approved

03.06.2017 | Readed: 216

The logo, corporate style and livery of BUTA AIRWAYS, the first low-cost airline of Azerbaijan, were created by preserving national coloring.......

100th issue of Caspian Energy journal published

01.06.2017 | Readed: 196

The 100th issue of Caspian Energy journal has been published and was presented to President of the Republic of Azerbaijan Ilham Aliyev at the opening ceremony of the Caspian Oil & Gas 2017......

Azerbaijan-Kazakhstan Joint Intergovernmental Commission to convene in Baku in June

31.05.2017 | Readed: 179

The next meeting of Azerbaijan-Kazakhstan Joint Intergovernmental Commission will take place in Baku in June, said Kazakh ambassador Beybit Isabayev. This was agreed during Kazakh President......

Azerbaijan Trade House opens in Belarus

30.05.2017 | Readed: 184

Azerbaijan Trade House has been opened in the Belarusian capital......

Azerbaijan, Russia sign agreement on establishment of helicopters technical service center in Baku

26.05.2017 | Readed: 173

Azerbaijan and Russia have signed the "Main Action Plan for 2017 on the project of establishing a service center for maintenance and repair of Russian and Soviet-produced civil helicopters in......

Over 200,000 people visited Baku Shopping Festival

25.05.2017 | Readed: 179

Azerbaijani Minister of Culture and Tourism Abulfas Garayev has said more than 200,000 people visited Baku Shopping Festival. “Very important work has been done to ensure proper marketing,......

Kuwait`s Jazeera Airways to launch direct flights to Baku

24.05.2017 | Readed: 161

Kuwait`s Jazeera Airways has said it is planning to launch direct flights to Baku from June 23. The flights will be carried out on Mondays and......

WorldFood Azerbaijan and CaspianAgro 2017 exhibitions open in Baku

18.05.2017 | Readed: 196

The 23rd Azerbaijan International Food Industry Exhibition, WorldFood Azerbaijan 2017 and the 11th Azerbaijan International Agriculture Exhibition, CaspianAgro 2017 opened in......

Azerbaijan spent around $800m on Southern Gas Corridor project in 2017

10.05.2017 | Readed: 204

Director General of the Southern Gas Corridor CJSC Afgan Isayev said Azerbaijan has invested $799.3 million in the Southern Gas Corridor project this year. According to him, 53 per cent (or $6.6......

Heydar Aliyev International Airport served over million passengers since beginning of year

06.05.2017 | Readed: 248

During the period January-April 2017, Heydar Aliyev International Airport serviced 1 million 62 thousand passengers, which is 36% more than the same period of last year. AZAL carried 594,000......

Baku to host WorldFood Azerbaijan 2017 and Ipack Caspian 2017 exhibitions

04.05.2017 | Readed: 233

One of the most important and significant events in the region’s food industry WorldFood Azerbaijan 2017 and the Caspian International Packaging, Tare, Label and Printing Ipack Caspian 2017 exhibitions will take place from 17-19 May at Baku Expo......

Deputy prime minister: Azerbaijan's economy has grown 3.5 times in last 10-12 years

28.04.2017 | Readed: 227

Azerbaijan's economy has grown 3.5 times over the past 10-12 years, said Deputy Prime Minister Ali Ahmadov. He noted that Azerbaijan has achieved the highest economic indicators in the......

Road & Traffic 2017 exhibition kicks off in Baku

27.04.2017 | Readed: 227

The 7th Caspian International Road Infrastructure and Public Transport Exhibition Road & Traffic 2017 has opened in Baku. Addressing the opening ceremony, Minister of Transport, Communications......

Ukraine, Iran agree to launch test train running through Azerbaijan

21.04.2017 | Readed: 218

Ukraine and Iran have agreed to run test trains to transport agricultural products, primarily grain from Ukraine to Iran, that will pass through Georgia and Azerbaijan. According to Ukraine`s Ministry of Infrastructure, the test train may be launched......

AZAL opens direct flights from Baku to Jeddah

18.04.2017 | Readed: 222

Azerbaijan Airlines will start direct flights from Baku to the second largest city in Saudi Arabia - Jeddah starting from September this year. Jeddah is considered the economic capital of Saudi......

Caspian European Club holds Caspian Energy Award and Caspian Business Award prizes awarding ceremony

14.04.2017 | Readed: 251

Baku has hosted the awarding ceremony of the 14th international Caspian Energy Award - 2017 and the 2nd International Caspian Business Award – 2017 prizes. The Caspian Energy Award and the Caspian......

4th International “Caspian Energy Forum Baku 2017” kicks off

13.04.2017 | Readed: 272

The 4th International “Caspian Energy Forum Baku 2017” kicked off in the capital of Azerbaijan under support of the Government of the Republic of Azerbaijan and the Caspian European Club (Caspian Business......

Azerbaijan to send export missions to three countries this year

03.04.2017 | Readed: 244

Azerbaijan will send export missions to three countries until the end of the year with the aim of promoting "Made in Azerbaijan"......

NABUCCO A&C becomes partner of Caspian Energy Forum Baku – 2017

30.03.2017 | Readed: 265

NABUCCO A&C LLC has become a partner of the 4th International Caspian Energy Forum-2017 (www.caspianenergyforum.com) to be hosted on April 12 in Baku. General Director of NABUCCO A&C LLC......

Baku to host 24th International Caspian Oil&Gas Exhibition

29.03.2017 | Readed: 267

Caspian Oil&Gas 2017, the 24th International Caspian Oil and Gas exhibition, the largest energy sector event in the Caspian region, will take place from 31 May – to 3 June 2017 at Baku Expo Center. As a recognised international platform and the......

Azerbaijan`s GDP grows 0.4 per cent

27.03.2017 | Readed: 284

Azerbaijan`s Gross Domestic Product increased 0.4 per cent in the first two months of this year to make AZN 10,042,600,000 (or around $5,892,571,071), the State Statistics Committee said. According......

Sharjah-Baku-Sharjah flight launched

17.03.2017 | Readed: 307

Air Arabia, the first and largest low-cost carrier across the Middle East and North Africa, has launched Sharjah-Baku-Sharjah flight. The flight will be carried out four times per......

Azerbaijan’s efforts to improve water industry hailed

16.03.2017 | Readed: 318

President of the World Water Council Benedito Braga has hailed Azerbaijan’s efforts to improve the water industry. Azerbaijan`s attention to the industry should be an example to other countries, he told "Water resources, hydro-technical installations......

Azeri Light crude sells for $52.98

13.03.2017 | Readed: 352

Azeri Light crude oil price has fallen on the world markets.

The price of a barrel of Azeri Light crude oil decreased $0.09 to stand at $52.98

AZERTAC

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Azerbaijan considers EITI Board’s decision as unfair

11.03.2017 | Readed: 359

“We strongly believe that as a result of significant changes made to the current regulations Azerbaijan was able to accomplish the implementation of all corrective actions. We consider Board’s decision on suspension of Azerbaijan as an unfair one.......

Azerbaijan to export hazelnuts to Spain

03.03.2017 | Readed: 507

Azerbaijan will export hazelnuts to Spain. According to Azerbaijan Export and Investments Promotion Foundation (AZPROMO), the issue of the export of 128 tons of......

SOCAR, Itochu Oil Exploration Co., Ltd. sign MoU

23.02.2017 | Readed: 638

The State Oil Company of the Azerbaijan Republic (SOCAR) and Japan’s Itochu Oil Exploration Co., Ltd. have today inked a Memorandum of Understanding on scientific and technical cooperation. Prior to the signing ceremony, SOCAR leadership met with a......

Azeri Light crude sells for $57.46

22.02.2017 | Readed: 697

The price of a barrel of Azeri Light crude oil increased $0.75 to stand at $57.46 on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US light crude oil rose $0.25 to trade at $53.65. Price of the Brent crude oil at the London ICE......

Azerbaijan, Denmark ink convention on avoidance of double taxation

18.02.2017 | Readed: 1052

Azerbaijan and Denmark have signed the convention on avoidance of double taxation and prevention of tax evasion on income taxes. The document was signed by Azerbaijani Minister of Taxes Fazil......

AZALJET launches new flights from Moscow to Azerbaijan's regions

17.02.2017 | Readed: 1037

AZALJET (low-cost brand of Azerbaijan Airlines) will launch regular flights from Moscow Vnukovo Airport to Azerbaijani regions - Ganja and Gabala starting March 15. Moscow-Ganja flights will be......

Oil prices rise on world markets

11.02.2017 | Readed: 1042

Oil prices continue to rise on the world markets. On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil increased $0.86 to stand at $53.86. Price of the Brent crude oil at the......

EIA raises Brent price forecast to $55 for 2017

09.02.2017 | Readed: 1068

The US Energy Information Administration (EIA) raised its forecast on crude oil prices for this year in its short-term energy outlook report released Tuesday. Global benchmark Brent crude is......

Shahdeniz gas field earned SOFAZ $2.5 bn since 2007

08.02.2017 | Readed: 1045

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has made a profit of 2,506,000,000 US dollars from Shahdeniz gas field project since 2007. SOFAZ earned $64 million from this gas field in the first seven months of this year. No profit has been made......

Azerbaijan ranks second among developing countries upon Inclusive Development Index

02.02.2017 | Readed: 1067

Azerbaijan is ranked second among developing countries upon Inclusive Development Index (IDI). According to Inclusive Growth and Development Report of World Economic Forum held in Switzerland, Lithuania and Azerbaijan share first and second place with......

Tokyo to host seminar within GUAM-Japan cooperation

30.01.2017 | Readed: 1064

A seminar on the development of tourism will be held in Tokyo from January 29 to February 4 on the sidelines of the GUAM-Japan......


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