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 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 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 ...

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 ...

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 ...

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 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. ...

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 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 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 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 ...

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 ...

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 ...

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’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 ...

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 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 ...

“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 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 ...