650,000 ₼ in concessional loan allocated for establishment of slaughterhouse

25.11.2022 [20:32]
“The Entrepreneurship Development Fund has provided 650,000 ₼ in concessional loan to Shahdagh Milk and Meat LLC for the project aimed at the establishment of the slaughterhouse,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter ...

Azerbaijan increases plastic imports

25.11.2022 [17:58]
Azerbaijan has imported 178,400 tons of plastics and plastic products in January-October. According to the State Customs Committee, the volume of imported plastics and plastic ...

Number of residents in Hajigabul Industrial Estate reaches 13

25.11.2022 [16:57]
“The number of residents in the Hajigabul Industrial Estate has reached 13, as three new entrepreneurship entities have obtained the status of resident,” Azerbaijan’s Minister of Economy Mikayil Jabbarov ...

37.9 mln. ₼ allocated to pandemic-affected entrepreneurs

25.11.2022 [15:54]
“From June 2020 to November 1 of this year, 37.9 mln. ₼ were allocated to the pandemic-affected entrepreneurs within the framework of the state-guaranteed loan and subsidy mechanism,” Azerbaijan’s Minister of Economy ...

Azerbaijani oil price nears $87

25.11.2022 [11:15]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0.12 to trade at $86.9 ...

Oil prices rise on world markets

25.11.2022 [10:38]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.35 to trade at $85.69, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) ...

® Baku Steel Company prepares new development strategy

25.11.2022 [09:30]
Baku Steel Company CJSC, the largest metallurgical company in the Caucasus region, is successfully continuing the preparation of the medium and long-term development strategy for 2023-2030. As part of this, a number of steps are already being taken in the field of ...

Tickets for bus trips to Shusha, Aghdam and Fuzuli for December to go on sale

24.11.2022 [17:16]
Tickets for regular bus trips for December to the cities of Shusha, Aghdam and Fuzuli, organized by the Azerbaijan Land Transport Agency under the Ministry of Digital Development and Transport, will go on sale on 25 November 2022 at 16:00. Passengers can buy round-trip tickets for the established ...

MasterCard and Azericard sign MoU

24.11.2022 [15:43]
MasterCard and Azericard have inked a Memorandum of Understanding on strategic partnership. The document was signed by General Manager of MasterCard in Azerbaijan and Turkiye Husnu Avsar Gurdal and Chief Executive Officer of Azericard LLC Farid Guliyev. ...

Azeri Light crude sells for $86.78

24.11.2022 [11:44]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $4.31 to trade at $86.78. ...

Oil prices drop on world markets

24.11.2022 [11:18]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.47 to trade at $84.94, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.34 to stand at $77.6. ...

Silk Way West Airlines orders GE Aerospace engines to power its fleet

23.11.2022 [12:38]
Silk Way West Airlines has signed an order with GE Aerospace for a total of 16 GE9X and GE90 engines to power its new fleet of long-haul Boeing aircraft. The new engines, the world’s most powerful models, will contribute to the Azerbaijani cargo airline's sustainability goals by reducing its fuel consumption ...

® Azercell campaigns win 9 awards in “Felis Azerbaijan”

23.11.2022 [11:45]
Three marketing campaigns carried out by the company were awarded in different nominations. The country's leading mobile operator Azercell Telekom was highly evaluated by Felis Azerbaijan for effective and creative work in advertising and marketing ...

Oil prices drop on world markets

23.11.2022 [10:58]
Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.16 to trade at $88.2, while the price of the Light crude oil at the NYMEX ...

Azerbaijani oil price exceeds $91

23.11.2022 [10:57]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $5.9 to trade at $91.09 ...

Central Bank: $48.1m worth of demand fully covered at FX auction

22.11.2022 [19:14]
The foreign exchange (FX) auction was held at the Central Bank with the participation of the State Oil Fund on November 22. $48.1m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000 ...

Belgrade hosts Serbia-Azerbaijan business forum

22.11.2022 [18:48]
Co-organized by the Chamber of Commerce and Industry of Serbia (CCIS) and the Azerbaijan Export and Investment Promotion Agency (AZPROMO), a Serbia-Azerbaijan business forum has been held in Belgrade, the capital of Serbia ...

Funds allocated to fixed capital increased in ten months

22.11.2022 [15:15]
“In January-October this year, the funds allocated to the fixed capital grew by 8.2% and reached 11,774.5 mln. ₼, compared to the relevant period of the previous year,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter ...

International conference on “Innovative approaches to urban and rural development: smart cities and villages” held

22.11.2022 [15:06]
An international conference on “Innovative approaches to urban and rural development: smart cities and villages” has been held in Baku by the Ministry of Digital Development and Transport and Ministry of Agriculture with the support of the World Bank. Minister of Agriculture Inam Karimov, Minister of Digital Development and Transport Rashad Nabiyev ...