Azerbaijan`s First Deputy Minister of Economy Elnur Aliyev has met with Head of the Republic of Tatarstan of the Russian Federation Rustam Minnikhanov. During the meeting, the sides discussed the expansion of business relations in a number of areas ...

“Last year, 14.6 mln. ₼ were invested in the enterprises privatized through auctions, whilst 8.56 mln. ₼ were transferred to the state budget as a one-time payment,” Azerbaijan`s Minister of Economy Mikayil Jabbarov said on Twitter ...

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Secretary of State in the Ministry of Economic Development and Technology of Poland Grzegorz Piechowiak. The two exchanged views on the current state of bilateral economic relations ...

This spring, Azerbaijan Airlines resumes flights from Baku to Paris, the capital of France. The schedule provides for flights from Baku to Paris and back with a frequency of 2 times a week - on Tuesdays and Fridays. The first flight is scheduled for May ...

The trade turnover between Azerbaijan and Ukraine increased to exceed $36 million in January of this year. Official figures suggest that Azerbaijan imported products worth $13.865 million from Ukraine, while the volume of Azerbaijan`s exports ...

The cargo transportation through the Azerbaijani section of the Transport Corridor Europe-Caucasus-Asia (TRACECA) amounted to 51.420.600 million tons, while the cargo turnover was 12.648.900 billion ton-kilometers in 2022, up 29.8% and 31.9% respectively year on year, the State Statistics Committee told ...

The foreign exchange (FX) auction was held at the Central Bank on February 16. $50.8m worth of demand was fully covered at the auction. Average weighted exchange rate of the manat was 1,7000. ...

The natural gas price at the NYMEX (New York Mercantile Exchange) has climbed by 0.02 US dollars or 0.20% towards USD 2.48 per 1 million BTU (British thermal unit). ...

As previously reported, holders of any type of Birbank card (including BirKart) could win a 2-room renovated apartment in Baku, 2 Toyota Corolla cars, 10 MacBook Air laptops or 10 iPhone 14 Pro smartphones for making cashless payments ...

The Azerbaijani oil price has decreased in the world markets. The price of a barrel of Azeri Light crude oil fell $0.98 to trade at $86.72. ...

Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.48 to trade at $85.86, while the price of the Light crude oil at the ...

Azercell continues its support to the earthquake victims in Türkiye. The company has sent 3 humanitarian aid trucks containing generators and other vital supplies to help those affected by the disaster ...

The International Air Transport Association (IATA) and “Azeraeronavigation” Air Traffic Department (AZANS) of AZAL CJSC have started joint work on the development and implementation of the National Airspace Strategy (NAS) of Azerbaijan ...

“Azerbaijan Investment Company and Azersheker LLC have signed a Memorandum of Understanding on exploring joint investment opportunities for the malted barley processing project for beer production,” Minister of Economy Mikayil Jabbarov said on Twitter ...

“Within the framework of the cooperation with the OurCrowd Company, Azerbaijan Investment Company OJSC has invested $1 million in a technological startup for the very first time,” Azerbaijan’s Economy Minister Mikayil Jabbarov said on Twitter ...

Azerbaijan exported about 21 thousand tons of petroleum coke in the amount of $8,532,100 last year, according to the State Customs Committee. The export in January last year was nearly 3 thousand tons of petroleum coke worth $413,300 ...

Azerbaijan exported 255.6 million cubic meters of natural gas in January. According to the State Statistical Committee, the value of exported natural gas amounted to 140 million US dollars ...

Chairman of the Board of the Small and Medium Business Development Agency (KOBIA) of Azerbaijan Orkhan Mammadov has met with Amedeo Teti, head of foreign investment attraction of the Ministry for Business and Made in Italy ...

“In January 2023, the daily oil production (including condensate) in Azerbaijan totaled to 652,000 barrels, including 533,000 barrels’ crude oil and 119,000 barrels’ condensate,” the Ministry of Energy told AZERTAC. According to the new commitments of the participating countries of the Declaration of Cooperation ...