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Economy minister about innovations in privatization

2020.01.16 18:34 GMT

Azerbaijan is likely to revise its privacy policy as part of the new economic processes in the country, including efforts aimed at reducing the role of the state in the economy and increasing private investments, stated Economy Minister Mikail Jabbarov at today’s press conference dedicated to the results of 2019, Fineko/ reports.

Joint working group of State Customs Committee and Caspian European Club holds meeting

2020.01.16 18:17 GMT

The joint working group of the State Customs Committee and the Caspian European Club has today held a meeting, AzerTag reports.

Kazakhstan, Azerbaijan see increase in joint economic projects

2020.01.16 10:36 GMT

Kazakhstan and Azerbaijan bilateral relations lately display increase of trade turnover, as well as increase of interesting economic projects between countries, Azerbaijan’s Ambassador to Kazakhstan Rashad Mammadov said, Trend reports with reference to Kazakh TV news agency.

Electric taxis to operate in Baku

2020.01.16 20:52 GMT

Currently, 1,500 ‘London-taxi’ companies are involved in Azerbaijan. Of them, 1,200 ones are under authority of the Ministry of Transport, Fineko/ reports.

First Shafag-Asiman exploration well spudded offshore Azerbaijan

2020.01.15 15:39 GMT

SOCAR and BP announced today that the first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on 13 January. BP is an operator and holds a 50% interest in the Shafag-Asiman production sharing agreement (PSA) with partner SOCAR holding a 50% interest, the Company told APA.

SOCAR: We are ready to supply oil to Belarus

2020.01.14 15:11 GMT

"SOCAR is ready to supply to Belarus oil of both Azerbaijan and other producers", Deputy Head of Public Relations and Events’ Organization Department of SOCAR Ibrahim Ahmadov told "APA-Economics".

OPEC and allies to discuss further decline in oil production in March

2020.01.13 19:14 GMT

Discussions on further production cuts by OPEC members led by Saudi Arabia and other non-OPEC oil-producing countries, including Russia, have been postponed for March, Fineko/ reports.

Rome to host 5th meeting of Azerbaijani-Italian Intergovernmental Commission on economic cooperation

2020.01.13 16:39 GMT

The 5th meeting of the Azerbaijani-Italian Intergovernmental Commission on economic cooperation will be held in Rome on January 14, AzerTag reports.

Chief banker: Azerbaijan`s currency reserves exceed foreign debt 5-fold

2020.01.10 17:35 GMT

Currency reserves of the Central Bank of Azerbaijan exceeded $51 bn.

AZN 17.4 million allocated to construction of roads in Agsu

2020.01.10 15:10 GMT

Azerbaijan’s President Ilham Aliyev has signed an Order about measures regarding the construction of Agsu-Agarkh-Rahimli-Garadagh automobile roads of Agsu region, APA reports.

Baku Metro invites bids for a tender

2020.01.09 19:18 GMT

Baku Metro holds a tender procedure for the purchase of plumbing products of various types, Fineko/ reports.

BP Azerbaijan Vice President: Total production from Azeri-Chirag-Gunashli oil fields exceeds 500 million tons

2020.01.09 16:01 GMT

A total of 500 million tons of oil has been produced since the commissioning of operation of Azeri-Chirag-Gunashli (ACG) oil fields in the Azerbaijan sector of the Caspian Sea, BP Vice President for Communications, External Affairs, and strategy in Azerbaijan, Georgia, and Turkey region Bakhtiyar Aslanbayli has told AzerTag.

AZN 2.1 million allocated for drilling of subartesian wells in Agjabedi

2020.01.07 19:17 GMT

President Ilham Aliyev has signed an order on the design and drilling of subartesian wells for acreage and drinking water needs of the population in Agjabedi district, Fineko/ reports.

Buta Airways aircraft forcedly returns from Astrakhan to Baku

2020.01.06 08:31 GMT

The pilot of the aircraft en route J2-9235, belonging to Buta Airways, has decided to return to Baku airport due to thick fog at Astrakhan airport, Buta Airways told APA-Economics.

Another Azerbaijani tanker commissioned

2020.01.03 15:13 GMT

The Naftalan tanker, owned by the transport fleet of Azerbaijan's Caspian Shipping Company, was successfully tested and returned to operation after a major repair, Report informs citing the company.

AZN 5,03 mln allocated for construction of new complex for Dilbaz horse ranch in Agstafa region of Azerbaijan

2019.12.30 16:07 GMT

President Ilham Aliyev has signed an order about measures regarding the construction of a new complex for Dilbaz horse ranch in the Agstafa region of Azerbaijan, APA reports.

Banks to function in enhanced work regime on public holidays in Azerbaijan

2019.12.30 15:20 GMT

On public holidays, i.e. during December 31, 2019 – January 6, 2020, the affiliates and branches of banks, as well as sales terminals of “Azerpocht” LLC will function in enhanced work regime, APA reports citing the Central Bank of Azerbaijan.

This year Azerbaijan exported goods for over $1 bn to Israel

2019.12.25 19:13 GMT

The State Customs Committee has published data on the trade turnover between Azerbaijan and Israel for Jan-Nov 2019, Fineko/ reports.

Azerbaijan, IFC mull projects and initiatives on priority spheres

2019.12.24 18:29 GMT

Minister of Economy Mikayil Jabbarov met with the delegation led by Aliya Azimova, IFC Country Representative for Azerbaijan, Report informs, citing the Ministry.

Russia`s IrAero Airlines to launch Samara-Baku direct flights

2019.12.24 15:39 GMT

Russian IrAero Airlines will launch direct flights from Samara to Baku, AzerTag reports.

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