Economy

Henrik Hololei: Azerbaijan will be part of EU Trans-European Networks

30.01.2018 | Readed: 1228

“Azerbaijan is part of the European family. Ensuring deeper connectivity with the EU is therefore extremely important for us. Only then can we unleash the full potential of all......

Azerbaijan receives first bonus payment from new ACG agreement

30.01.2018 | Readed: 717

Trend.az reports, that the State Oil Fund of Azerbaijan (SOFAZ) has received the first bonus payment in the amount of $450 million from the new agreement on developing Azeri-Chirag-Gunashli block of oil fields, said a message from......

2/3 of TAP pipes lowered into ground in Greece, Albania

30.01.2018 | Readed: 723

Around 2/3 of pipes (over 515km out of 765km) have been lowered into the ground as part of construction of the Trans Adriatic Pipeline (TAP) in Greece and......

Business Insider adds Heydar Aliyev International Airport to list of world`s 14 most beautiful airports

30.01.2018 | Readed: 648

Business Insider has added the Heydar Aliyev International Airport to the list of the world`s 14 most beautiful......

SOFAZ receives first bonus payment from Azeri-Chirag-Gunashli Agreement

30.01.2018 | Readed: 776

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) received the first bonus payment in the amount of USD 450 million from the new Agreement signed among the State Oil Company of the......

Azerbaijan-initiated transport corridors become most discussed topics at Davos Forum: President's aide

29.01.2018 | Readed: 702

Two transport corridors - East-West and North-South, which are realized under the initiative, leadership and with participation of Azerbaijan became one of the most discussed topics at the World Economic Forum in Davos, Natig Amirov, assistant......

S&P predicts steady growth for Azerbaijan

29.01.2018 | Readed: 709

  Standard & Poor’s Global Ratings agency has forecast Azerbaijan’s GDP growth to average 3.3% over the next four years, the S&P said in a report, according to......

Being a landlocked country, Azerbaijan managed to transform into a regional transportation hub, President

25.01.2018 | Readed: 1404

President of Azerbaijan Ilham Aliyev has stressed the significance of energy projects as he spoke at an interactive session on "Strategic Outlook: Eurasia" as part of the World Economic......

Oil prices have changed in different directions in the world markets

24.01.2018 | Readed: 999

AzerTAC reports, that the price of a barrel of Azeri Light crude oil increased $0.48 to stand at $71.42. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.12 to......

The Baku-Tbilisi-Kars (BTK) railway project has changed the transport map of Georgia, Prime Minister Giorgi Kvirikashvili said

24.01.2018 | Readed: 967

He made the remarks addressing the 'Strategic Outlook: Eurasia' panel at the World Economic Forum in Davos on Jan.23. “Trend”agency reports, that Kvirikashvili said that the international......

Ambassador Elchin Amirbayov : "We are delighted to host our Baku Expo 2025 Gala reception at the high profile World Economic Forum”

23.01.2018 | Readed: 1141

World Expo 2025 Baku Azerbaijan is  proud to announce its presence at the World Economic Forum in Davos. A Gala Reception will be held to celebrate the bid for Baku World Expo 2025 on Tuesday 23 January at 9pm, at the Intercontinental Hotel in......

Azerbaijan ranks third among developing countries upon Inclusive Development Index

23.01.2018 | Readed: 822

Azerbaijan is ranked third among developing countries upon Inclusive Development Index......

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

19.01.2018 | Readed: 1116

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: 1205

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: 1153

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: 1417

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: 1319

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: 1342

  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: 1389

  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: 1299

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: 1347

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: 1430

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: 1936

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: 1866

  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: 1918

“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: 2816

  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: 2384

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: 2456

  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: 2499

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: 2372

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: 2117

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: 2285

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: 2220

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: 2134

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: 2030

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: 2201

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: 2053

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: 2212

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: 2258

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: 2242

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: 2199

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: 2228

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


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