Economy

Davos 2018 to bring together heads of state and prime ministers of 70 countries

19.01.2018 | Readed: 112

The 48th annual meeting of the World Economic Forum (WEF) to take place on 23-26 January 2018 in Davos-Klosters, Switzerland will bring together a record number of heads of state,......

Buta Airways launches Baku-Sofia direct flight

17.01.2018 | Readed: 246

Azerbaijan's low-cost air carrier Buta Airways launched direct flight......

Custodian of Two Holy Mosques receives Azerbaijan's Minister of Energy

17.01.2018 | Readed: 247

Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud has received Azerbaijan's Minister of Energy Parviz......

Italian media highlight opening of new terminal of Baku International Sea Trade Port

13.01.2018 | Readed: 496

The Italian news agencies and portals have widely covered the opening of the new RO-RO terminal by President of the Republic of Azerbaijan Ilham Aliyev at the Baku International Sea Trade......

Romanian newspaper publishes article about TAP

13.01.2018 | Readed: 471

Romanian "Ziarul Financiar" newspaper has published an article about Trans Adriatic Pipeline citing......

Heydar Aliyev International Airport hits new record - 4 million passengers a year

12.01.2018 | Readed: 488

  In 2017, Heydar Aliyev International Airport – the main air gate of Azerbaijan's capital - hit a new record. In 2017 4.06 million passengers were served. It exceeded last......

Azerbaijan fulfills its obligations on OPEC+ deal in December 2017

10.01.2018 | Readed: 568

  Azerbaijan has fulfilled its obligations in December on the Vienna agreement reached on reduction of oil production by member states of Organization of Petroleum Exporting......

GECF Global Gas Outlook: Oil prices will remain weak for 2018-2019 period

09.01.2018 | Readed: 514

Oil prices are expected to remain weak due to the volume volatility of oil production in non-OPEC countries in 2018-2019, according to the GECF Global Gas Outlook......

USA Today: Baku among off-the-radar cities to explore in 2018

08.01.2018 | Readed: 572

USA Today has named off-the-radar cities to explore in 2018, putting Baku at the top of the......

Azeri Light crude sells for more than $70.5

06.01.2018 | Readed: 640

Azeri Light crude oil continues to rise on the world markets. The price......

Spain’s Tecnicas Reunidas to reconstruct Heydar Aliyev Oil Refinery

21.12.2017 | Readed: 1073

Within the project of reconstruction and modernization of the plant, the Heydar Aliyev Baku Oil Refinery of the State Oil Company of Azerbaijan Republic (SOCAR) and Tecnicas Reunidas (Spain)......

Groundbreaking ceremony for Astrakhan Business Center held in Baku

20.12.2017 | Readed: 1079

  A foundation stone has been laid for Astrakhan Business Center in Baku.......

International Monetary Fund: Azerbaijan’s non-oil sector to increase by 4 percent in 2018

18.12.2017 | Readed: 1146

“Growth prospects are positive in the near term. With expanding public investment and social spending, the nonhydrocarbon sector is expected to increase by 4 percent in 2018,” said......

23rd Azerbaijan International Telecommunications and Information Technologies Exhibition and Conference opens in Baku

06.12.2017 | Readed: 1801

  Bakutel 2017, the 23rd Azerbaijan International Telecommunications and Information Technologies Exhibition and Conference opened at the Baku Expo Center. Bakutel is not just......

TANAP, Shah Deniz 2 to give impetus to Azerbaijan`s economic growth in 2018

24.11.2017 | Readed: 1646

The implementation of gas infrastructure projects TANAP and Shah Deniz 2 is expected to provide impetus to growth of Azerbaijan`s economy from 2018, according to the Transition Report of the......

Agreement on Azerbaijan’s participation in EXPO 2020 Dubai signed

20.11.2017 | Readed: 1775

  An agreement on the participation of Azerbaijan in the Expo 2020 Dubai was signed on the sidelines of the International Participants Meeting (IPM) held in Dubai, UAE, which......

Azerbaijan increases export of agricultural products

16.11.2017 | Readed: 1844

The State Phytosanitary Control Service under the Ministry of Agriculture of the Republic of Azerbaijan made serious steps in increasing export of Azerbaijani goods to the world countries, the......

AZAL, Boeing sign agreement on purchase of new modern aircrafts

14.11.2017 | Readed: 1733

CJSC Azerbaijan Airlines (AZAL) and Boeing Corporation have today signed an agreement on purchase five B787-8 Dreamliner and two B747-8F (or B777F)......

Passenger traffic of Heydar Aliyev International Airport grows by more than 20 percent

11.11.2017 | Readed: 1490

In January-October 2017, Heydar Aliyev International Airport served 3.46 million passengers. This indicator grew by more than 20 percent compared to the same period last year and exceeded the......

L’Opinione newspaper calls Baku-Tbilisi-Kars railroad “a cooperation corridor”

07.11.2017 | Readed: 1631

A senior fellow at Italian Il Nodo di Gordio think tank has called the Baku-Tbilisi-Kars railroad “a cooperation corridor” in his article in L’Opinione newspaper. In......

Azerbaijan moves up 8 spots to rank 57th in Doing Business 2018

01.11.2017 | Readed: 1553

Azerbaijan has climbed 8 spots to rank 57th in the Doing Business 2018, which presents quantitative indicators on business regulation and the protection of property rights that can be compared......

New head office of Ziraat Bank Azerbaijan opens

01.11.2017 | Readed: 1510

A new building of the head office of Turkey`s Ziraat Bank Azerbaijan has been opened today in......

Azerbaijan, Turkey issue postage stamp devoted to Baku-Tbilisi-Kars railroad

31.10.2017 | Readed: 1462

Azerbaijan and Turkey have jointly issued a postage stamp devoted to the Baku-Tbilisi-Kars railroad.......

Buta Airways changes terminal of departure flights from Baku

27.10.2017 | Readed: 1530

Starting from October 29, 2017, all departure flights of low-cost Buta Airways from Baku will be carried out through the North entrance of Terminal 2 of the Heydar Aliyev International......

Azerbaijan`s State Customs Committee, Caspian European Club hold business forum

26.10.2017 | Readed: 1511

Baku has today hosted a business forum of the State Customs Committee of the Azerbaijan Republic, Caspian European Club and Caspian American Club.......

Buta Airways starts flights to Europe

14.10.2017 | Readed: 1682

An agreement on opening of direct flights between Baku and Sofia has been reached in negotiations of Presidents of Azerbaijan Ilham Aliyev and Bulgaria Rumen......

German-Azerbaijani business forum held in Baku

12.10.2017 | Readed: 1732

A German-Azerbaijani business forum has kicked off in Baku co-organized by the German Chamber of Commerce, German Committee on Eastern European Economic Relations and Germany’s Eastern......

Seventh International Caspian Air Cargo Summit 2017 kicks off in Baku

11.10.2017 | Readed: 1740

The Seventh International Caspian Air Cargo Summit 2017 has opened in Baku.......

New well put into operation at 'Oil Rocks' field

11.10.2017 | Readed: 1713

Well No. 2624 in fixed offshore platform No. 620A in the "Oil Rocks" field was commissioned after......

SOCAR exports 12.7 million tons of oil from Ceyhan in September

03.10.2017 | Readed: 1773

In September 2017, SOCAR exported 169,675 tons of oil through Novorossiysk port, 1,352,984 tons through Ceyhan port. According to......

Azerbaijan ranks 35th in Global Competitiveness Report

28.09.2017 | Readed: 1872

Azerbaijan has moved up two spots to rank 35th in the Global Competitiveness Report 2017-2018 published by the World Economic Forum (WEF), Center for Analysis of Economic Reforms &......

Azerbaijan`s Chamber of Auditors signs cooperation agreements with Russian and Estonian counterparts

23.09.2017 | Readed: 1974

The Chamber of Auditors of Azerbaijan has signed cooperation agreements with the Russian Union of Auditors and the Estonian Auditors Association. The signing ceremony took place on the sidelines of "Strategic road map of......

Baku hosts Caspian Energy Transport Forum

21.09.2017 | Readed: 2005

The Caspian Energy Transport Forum has today kicked off in Baku. It is organized in partnership with Azerbaijan`s Ministry of Transport, Communication and High Technologies.......

SOCAR chief: New Azeri-Chirag-Gunashli contract to be submitted to the parliament before the end of 2017

20.09.2017 | Readed: 1913

“The new Azeri-Chirag-Gunashli contract is expected to be submitted to the parliament before the end of 2017, coming into force after ratification,” said Rovnag Abdullayev, president of......

Indian Entrepreneurs got acquainted with Baku White City Project

18.09.2017 | Readed: 1947

Entrepreneurs of Indian Marathi Bandhkam Vyavasayik Association (MBVA) got acquainted with the Baku White City project, within the framework of India-Azerbaijan Construction Business......

Ministry of Agriculture to lend official support to Caspian American Forum Baku-2017

06.09.2017 | Readed: 1867

“Ministry of Agriculture of the Republic of Azerbaijan will lend an official support to the Caspian American Forum-2017 which is to be held in Baku on December 8,” says the Deputy Minister......

Heydar Aliyev International Airport switches to new technological solutions due to increase in passenger traffic

30.08.2017 | Readed: 1882

Passenger traffic of Azerbaijan’s main air harbor - Heydar Aliyev International Airport continues to increase steadily every year. Only for the first seven months of this year the Airport......

Azeri Light crude sells for more than $54

25.08.2017 | Readed: 1892

The price of a barrel of Azeri Light crude oil increased $0.16 to stand at $54.12 on the world......

Azeri Light crude sells for $53.39

21.08.2017 | Readed: 1863

Azeri Light crude oil price has risen on the world markets. The price of a barrel of Azeri Light crude oil increased......

Japanese newspaper highlights importance of direct flights to Azerbaijan

15.08.2017 | Readed: 1889

Japan-based Hokkoku Shimbun newspaper has published an article hailing the importance of direct flights to be launched between Japan and Azerbaijan.......

AZAL calls to buy air tickets only from Airline's trusted partners

05.08.2017 | Readed: 1857

Recently, Azerbaijani Airlines (AZAL) have fixed and prevented attempts of selling air tickets from stolen credit......

Azerbaijani President approves funding for construction of Zire-Turkan highway

25.07.2017 | Readed: 1874

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


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