• A major agreement covering all aspects of integrated air navigation services was signed between air navigation providers of Azerbaijan and Turkiye.On May 27, the document was signed between “Azeraeronavigation” Air Traffic Control Department (AZANS) of “Azerbaijan Airlines” CJSC and the General Directorate of State Airports Authority ...
  • TEKNOFEST Azerbaijan Aerospace and Technology Festival has today kicked off in Baku. The event has been organized annually by the Turkish Technology Team (T3 Foundation) and the Ministry of Industry and Technology ...
  • Azerbaijan Airlines is launching flights from Nakhchivan to Ganja and back, AZAL told AZERTAC. Starting from May 6, flights in the Nakhchivan-Ganja-Nakhchivan direction will be performed twice a week - on Tuesdays and Fridays ...
  • Azercosmos and the Swiss Signalhorn have entered into a partnership agreement to provide uninterrupted, secure and high-quality satellite services throughout Africa via the C Band capacity on Azerspace-1 satellite. Using the latest iDirect technology, Azercosmos and Signalhorn will be able to contribute ...
  • “Azerbaijan Airlines” will start operating flights to the capital of the Czech Republic - Prague within the summer schedule of 2022. The air carrier will operate flights on the Baku-Prague-Baku route twice a week - on Mondays and Fridays. The first flight will be operated on June 17 ...

IMF raises forecast on Azerbaijan's GDP growth

21.04.2022 [12:44]
The International Monetary Fund (IMF) has updated its forecast for Azerbaijan's economy saying that it will grow by 2.8% this year. According to the Center for Analysis of Economic Reforms and Communication, the IMF report published in October 2021 estimated this figure for Azerbaijan at 2.3 percent ...

Azerbaijani oil price rises on world markets

21.04.2022 [10:59]
Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $0,17 to trade at $109,93 ...

Oil prices jump on world markets

21.04.2022 [10:38]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $1.47 to trade at $108.27, while the price of the Light crude oil at the NYMEX (New York ...

Azerbaijan, Georgia discuss prospects for agricultural cooperation

20.04.2022 [19:34]
The ample opportunities for the development of cooperation between Azerbaijan and Georgia in the field of agriculture were hailed during the meeting between Azerbaijani Ambassador to Georgia Faig Guliyev and Georgian Minister of Environmental Protection and Agriculture Otar Shamugia ...

Baku Energy Week to start in June

20.04.2022 [19:27]
The Baku Energy Week is to be held on June 1-3, 2022 in the capital of Azerbaijan. As the most prestigious event of the petroleum and energy sector of the Caspian region, the Baku Energy Week brings together the 27th International Caspian Oil & Gas Exhibition ...

Azerbaijan’s cargo volume exported via air transport made up 19.7 thousand tons in Q1 2022

20.04.2022 [18:47]
The volume of cargo exported from Azerbaijan via the air transport made up 19,782 tons in January-March of 2022. According to the State Customs Committee, the volume of cargo imported by the air transport stood at 2194 tons in the same period ...

® “Azercell Telecom” LLC named general sponsor of Baku Marathon-2022

20.04.2022 [17:00]
“Azercell Telecom” LLC announces it will continue to sponsor Baku Marathon initiated and organized by the Heydar Aliyev Foundation. The event firmly set in the country’s sport calendar will be held on May 15, 2022. ...

Demark to quadruple onshore renewable energy production by 2030

20.04.2022 [12:36]
The Danish government aims to quadruple energy production from solar cells and onshore wind turbines by 2030, said the Ministry of Energy, Climate and Utilities on Tuesday, according to Xinhua. Presenting the energy reform proposal "Denmark can do more II", the ministry said the country ...

Georgian Agriculture Minister to visit Azerbaijan

20.04.2022 [11:42]
Georgian Minister of Environmental Protection and Agriculture Otar Shamugia will pay a visit to Azerbaijan to attend the ministerial meeting on "Digitalization of agriculture" on May 6. The meeting will bring together representatives and ...

Oil prices jump on world markets

20.04.2022 [11:04]
Oil prices have increased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil rose $0.78 to trade at $108.03, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased ...

Azerbaijani oil sells for $109.76

20.04.2022 [10:20]
Azerbaijani oil price has decreased on the world markets. The price of a barrel of Azeri Light crude oil fell $0.54 to trade at $109.76 ...

Azerbaijan-Ukraine trade exceeds $402 million in Q1 2022

19.04.2022 [18:50]
The trade turnover between Azerbaijan and Ukraine exceeded $402 million in January-March of 2022. Azerbaijan imported goods worth $85.218 million from Ukraine, while Azerbaijan’s export to Ukraine amounted to $317.272 million in the first quarter of this year ...

4,448 passengers visited Shusha and Aghdam by regular bus routes

19.04.2022 [17:33]
To date, 114 trips have been made on regular bus routes, commissioned on 24 January to the territories liberated from occupation by the State Road Transport Service under the Ministry of Digital Development and Transport, and 4,448 people have visited Shusha and Aghdam. As of today, 3,049 passengers have visited Shusha ...

Azerbaijan’s KOBIA, Jordan’s Ministry of Digital Economy and Entrepreneurship discuss cooperation

19.04.2022 [15:52]
Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has met with Minister of Digital Economy and Entrepreneurship of Jordan Ahmad Hanandeh. The sides discussed ...

® Kapital Bank has releases financial results for Q1 of 2022

19.04.2022 [11:43]
Kapital Bank’s assets as of April 1, 2022 have amounted to 6.9 bln. manats, while the volume of the Bank’s credit portfolio has reached 2.9 bln. manats. The total amount of client deposits in Kapital Bank as of April 1, 2022 have amounted to 5.5 billion manats. As of April 1, 2022, the total capital ...

AzInTelecom expands Customer Services capabilities related to SIMA Token

18.04.2022 [21:28]
The Customer Services of AzInTelecom LLC under the Ministry of Digital Development and Transport has been improved to meet the growing demand for electronic signatures related to digital transformation. The Customer Services, located in the Central “Shebeke” office, has increased the number of service operators and enhanced its technical capabilities ...

Azerbaijan increases import of pharmaceutical products

18.04.2022 [20:34]
Azerbaijan has imported 7,455 tons of pharmaceutical products in January-March this year, according to the State Customs Committee. “The value of imported pharmaceutical products amounted to $163.3 million,” the committee said ...

Minister of Economy: Last quarter GDP increased by 6.8%

18.04.2022 [20:30]
“As a result of the implemented economic reforms, the last quarter GDP increased by 6.8%, compared to the same period of the previous year, and amounted to almost 30.04 bln. manats,” Azerbaijan`s Minister of Economy Mikayil Jabbarov said on Twitter ...

Azerbaijan increases plastic imports

18.04.2022 [20:24]
Azerbaijan has imported 46,600 tons of plastics and plastic products in January-March. According to the State Customs Committee, the volume of imported plastics and plastic products amounted to $102.3 million. About 39.7 thousand tons of plastics and plastic products worth $ 76.9 million were imported ...