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Veterinary drugs plant to be established in Azerbaijan

2019.07.19 15:37 GMT

The number of residents of Sumgait Chemical Industrial Park increased to 19, APA-Economics reports citing Ministry of Economy of Azerbaijan.

Azerbaijan increases production of electricity during first half of 2019

2019.07.19 15:18 GMT

The demand for electricity in Azerbaijan increased by 586 million kilowatt-hours in January-June 2019, compared to the first half of 2018, Trend reports referring to Azerenergy, the largest electrical power producer in Azerbaijan.

SOCAR expands its gas pipeline network in Georgia

2019.07.18 15:11 GMT

SOCAR Georgia Gas company (Georgian subsidiary of Azerbaijan’s state oil company SOCAR), has increased the length of its gas pipeline network in the neighboring country, Trend reports with reference to the Georgian government.

Azerbaijani beekeepers to receive more than 4.2M AZN of subsidies

2019.07.18 07:10 GMT

A meeting of the republican committee for the payment of subsidies in 2019 to individuals and legal entities involved in beekeeping for the maintenance of each bee family (hive) was held at the Ministry of Agriculture of Azerbaijan, Trend reports referring to the ministry.

Executive and communication plans on business areas for second half of the year to be implemented

2019.07.17 18:49 GMT

The Center for Analysis of Economic Reforms and Communication has hosted a presentation of executive and communication plans on business areas to be implemented in the second half of the year.

Feasibility study to be prepared for New City (former Khazar Islands) project in Azerbaijan

2019.07.17 17:37 GMT

The state-owned Azerbaijan Industrial Corporation plans to invite local and foreign specialists to conduct a feasibility study on the development possibilities of the New City complex in Baku, Trend reports referring to the corporation.

Azerbaijan’s State Property Issues Committee to put up 80 facilities for privatization

2019.07.15 15:08 GMT

Azerbaijan’s State Property Issues Committee will hold a regular auction on privatization of 80 state-owned facilities on August 14, Trend reports referring to the committee.

Azerbaijan’s Qarabag Horse Breeding Farm LLC eyes to export horses to Europe

2019.07.12 16:53 GMT

Azerbaijan’s Qarabag Equestrian Complex of Qarabag Horse Breeding Farm LLC plans to export up to 25 horses per year, and such countries of Western Europe as Germany, France, and the UK should become the main buyers, Trend reports with reference to Qarabag Horse Breeding Farm LLC.

SOCAR and Total hold negotiations on great sea project in Azerbaijan

2019.07.12 15:46 GMT

SOCAR and Total Company of France continue negotiations on exploration and development of sea block including “Umid” field and perspective “Babek” structure, situated in Azerbaijan sector of the Caspian Sea, a reliable source in Azerbaijan oil-gas market told to APA-Economics.

Abu Dhabi to host OPEC joint ministerial meeting in September

2019.07.11 16:56 GMT

The Emirate of Abu Dhabi will host in September the Joint Ministerial Monitoring Committee meeting of the Organisation of Petroleum Exporting Countries, OPEC, the Organisation announced.

31 DOST centers to open in Azerbaijan until 2025

2019.07.11 15:11 GMT

The Center for Sustainable and Operational Social Security (DOST) in Azerbaijan hosted a presentation of the DOST regional program for 2019-2025, Trend reports.

Azerbaijani Energy Ministry, UNDP eye to jointly promote reforms in energy sphere

2019.07.11 11:00 GMT

Azerbaijani Energy Ministry and the United Nations Development Program (UNDP) plan to cooperate in implementing projects on renewable energy sources, on ensuring energy sustainability and improving energy efficiency, on climate change, reducing emissions and protecting the environment, Trend reports with reference to the Energy Ministry.

Oil prices jump 4.5% on U.S. crude stocks draw

2019.07.10 19:20 GMT

Oil prices rose 4.5% a barrel on Wednesday to their highest level in more than a month after U.S. crude inventories shrank and as major producers cut nearly a third of offshore Gulf of Mexico production ahead of an expected storm, Trend reports citing Reuters.

President of MEDEF: Our goal is to develop business relations between France and Azerbaijan

2019.07.10 17:56 GMT

“We have come to Azerbaijan with a large delegation featuring heads of 60 French companies. The delegation includes representatives of not only the oil sector but also other sectors, including construction, banking, digital technologies, and agriculture. Our ultimate goal is to study the business potential of Azerbaijan and develop business relations between the two countries,” President of MEDEF (Movement of the Enterprises of France) Geoffroy Roux de Bézieux has told AzerTag in an exclusive interview.

Azerbaijan’s Food Safety Agency: control increased over export of products to EU

2019.07.09 15:24 GMT

Since the beginning of its activities, the "1003" call center of Azerbaijan’s Food Safety Agency has received 17,241 appeals on violations of consumer rights and appeals of a different nature, chairman of the agency Goshgar Tahmazli said at a press conference dedicated to the anniversary of the beginning of the Agency’s activities, Trend reports.

Azerbaijan to increase control over food safety of meat, dairy products

2019.07.08 17:13 GMT

Azerbaijan will strengthen the system of food safety control over the production and import of meat and dairy products, Chairman of Azerbaijan's Food Safety Agency Goshgar Tahmazli told reporters, Trend reports.

BP says reports about its application to take part in TANAP operating company not true

2019.07.06 07:33 GMT

The reports about BP’s application to take part in the operating company for the Trans Anatolian Natural Gas Pipeline (TANAP) are not true, Vice President of BP Azerbaijan Bakhtiyar Aslanbeyli told Trend.

Deputy minister: Azerbaijan-China trade turnover reaches $1.1B in 5 months

2019.07.05 16:10 GMT

In January-May 2019, the trade turnover between Azerbaijan and China reached $1.1 billion, Azerbaijan's Deputy Minister of Economy Niyazi Safarov said at an Azerbaijani-Chinese business forum in Baku on July 5, Trend reports.

Azerbaijan-Iran trade in first 5 months of 2019 grows 2.3 times

2019.07.05 20:04 GMT

The Iranian delegation consisting of members of the Iranian Parliament's Commission on Plan, Budget and Calculations, representatives of the Iranian Chamber of Commerce, Industries, Mines and Agriculture (ICCIMA), which is on a visit to Baku, has met with Azerbaijani Minister of Economy Shahin Mustafayev, Trend reports.

S&P: Level of problem loans in Azerbaijan remains high

2019.07.04 19:21 GMT

International rating agency Standard & Poor's has published a report on problem loans in the CIS countries, Fineko/abc.az reports.

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