Azerbaijan’s Akkord Industry Construction Investment Corporation has won a $70 million tender in Astana, the Republic of Kazakhstan. Akkord Corporation is the winner of the International Bank for Reconstruction and Development (IBRD)-supported tender on ...

"We have restored Jojug Marjanli village, which was liberated from the Armenian occupation. Fifty houses, a school and a mosque reminiscent of Shusha mosque have been built, a road has been constructed, all the infructure has been created there. Families are back to their land," said President Ilham Aliyev ...

Output of Azerbaijan's building materials sector has increased 71.2 per cent in the first two months of 2017, according to the State Statistics Committee. Cement production saw a 14.7 per cent growth, while the production of concrete building constructions rose 7.4 times and the ...

Foreign businesses and companies invested 1,405,700,000 manats (or $824,805,045.86) in Azerbaijan`s fixed capital in the first two months of 2017, according to the State Statistics Committee ...

"I am confident that our country will continue to develop successfully in 2017. All social programs will be carried out and very important steps will be taken for the economic development," said President Ilham Aliyev as he addressed the meeting ...

Last month we gave start to the construction of the first nine-storey building in Yasamal residential complex, the first project of the State Housing Construction Agency (MIDA). I am convinced, the project will successfully continue ...

Foreign businesses and companies invested 7,678,100,000 manats in Azerbaijan`s fixed capital in 11 months of 2016. The largest foreign investors in Azerbaijan`s fixed capital are the UK, Turkey, Malaysia, Switzerland, Russia, Iran, the USA and Japan as they account for ...

“The road, built by AzVirt in Serbia, is the first project implemented by an Azerbaijani company in Europe,” Minister of Economy Shahin Mustafayev told Azerbaijani journalists prior to the official inauguration of the road in Belgrade. ...

As was reported earlier, the Azerbaijani delegation headed by Economy Minister Shahin Mustafayev have visited Serbia to participate in the inauguration of Ljig- Boljkovci, Boljkovci- Takovo and Takovo- Preljina sections of Serbia’s main highway, the ...

Azerbaijani President Ilham Aliyev has signed an order providing funding for the construction of Sabunchu-Ramana road in Sabunchu settlement, Baku. Under the presidential order, 1.6 million manats were allocated from the State Budget for the construction of the road connecting ...

Russia's gypsum manufacturer Volma Corporation has expressed interest in cooperating with Azerbaijani counterparts, the company`s manager Sergei Kovalchuk told AZERTAC. Volma produces gypsum dry mix and gypsum wallboards. It has five plants ...

The Caspian Region’s largest building exhibition, BakuBuild 2016, the 22nd Azerbaijan International Construction Exhibition, will open its doors on 19 October at Baku Expo Center. BakuBuild is the most important trade event in the region for building and ...

From the 19th to the 22nd of October, Baku Expo Center will host the Caspian region’s major event in the construction field - the 22nd Azerbaijan International Construction Exhibition, BakuBuild 2016, which will mark the beginning of Caspian Construction Week. This is a long-awaited exhibition for many experts from various ...

Azeravtoyol and the World Bank have signed an agreement allocating a $140 million loan to Azerbaijan for the Additional Financing for the Third Highway Project. The agreement was signed by chairman of Azeravtoyol Saleh Mammadov and head of WB office in Baku Larisa Leshchenko ...

Serbian Prime Minister Aleksandar Vucic has hailed the activity of Azerbaijan’s AzVirt company in Serbia at the event held on the occasion of the completion of the construction of the Ljig-Preljina section of the Beograd-Juzni-Jadran highway ...

Ukraine`s Vice Prime Minister, Minister of Regional Development, Construction, Housing and Utilities Hennadii Zubko has said Ukrainian companies want to be involved in the construction of an additional metro line in the capital of Azerbaijan ...

ITE Group Plc Regional Director Edward Stroon has said “BakuBuild-2015” exhibition will bring together 535 companies from 30 countries. “BakuBuild-2015”, the largest construction event in the Caspian region, will take place from 21 – 24 October ...

Chairman of the Azerbaijani State Committee for Architecture and Urban Planning, Abbas Alasgarov met with the delegation led by Portugal's ambassador to Turkey, Jorge Cabral. Mr. A. Alasgarov informed the guests about the works done and activities of the Committee he supervises ...

The price of oil fell in the world markets. On the New York Stock Exchange NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $4.40 to stand ...