AZERTAC - Azerbaijan State News Agency https://azertag.az AZERTAC - Azerbaijan State News Agency Conference on innovative "Digital Twin" technology held in Baku A conference on innovative "Digital Twin" technology was held at “Fairmont” hotel in Baku on June 29. The conference was organized by the “AZEL Systems” company. World's leading provider of engineering software for design and operation of plants, ships and offshore facilities and for digital twin technologies “Hexagon” company https://azertag.az/en/xeber/Conference_on_innovative__quotDigital_Twin_quot_technology_held_in_Baku-2199665 Thu, 30 Jun 2022 18:08:00 +0400 Azerbaijan, Iran discuss development of transit cooperation Azerbaijani Ambassador to the Islamic Republic of Iran Ali Alizade has met with Minister of Roads and Urban Development of Iran Rostam Ghasemi. The sides discussed implementation of the Memorandum of Understanding signed between the two countries https://azertag.az/en/xeber/Azerbaijan_Iran_discuss_development_of_transit_cooperation-2196641 Tue, 28 Jun 2022 20:19:00 +0400 Chairman of Azerbaijan’s KOBIA meets with Director of USAID Mission to Azerbaijan Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has met with Director of the USAID Mission to Azerbaijan Jaidev Singh as he completes his tenure in the country. Orkhan Mammadov https://azertag.az/en/xeber/Chairman_of_Azerbaijans_KOBIA_meets_with_Director_of_USAID_Mission_to_Azerbaijan-2193437 Sat, 25 Jun 2022 16:08:00 +0400 First passenger bus leaves Baku for Fuzuli The first passenger bus has today left Baku for Fuzuli. The bus departed Baku International and Intercity Bus Terminal at 7:00 in the direction of Fuzuli. The Baku-Fuzuli-Baku route is being implemented for the first time https://azertag.az/en/xeber/First_passenger_bus_leaves_Baku_for_Fuzuli-2192984 Sat, 25 Jun 2022 11:43:00 +0400 Delegation of UAE investors to visit Azerbaijan Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Chief Executive Officer of Abu Dhabi Development Holding Company Mohamed Hassan Alsuwaidi. The sides exchanged views on expanding cooperation in the oil and gas production and investing in various sectors of the economy https://azertag.az/en/xeber/Delegation_of_UAE_investors_to_visit_Azerbaijan-2192633 Fri, 24 Jun 2022 21:01:00 +0400 Azerbaijan, UAE discuss expansion of partnership on green energy production Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Minister of Industry and Advanced Technology of the United Arab Emirates, Managing Director and Group CEO of ADNOC and Chairman of Masdar Company Sultan Al Jaber https://azertag.az/en/xeber/Azerbaijan_UAE_discuss_expansion_of_partnership_on_green_energy_production-2192486 Fri, 24 Jun 2022 18:44:00 +0400 SOCAR, ENOC discuss trade cooperation Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with Chairman of the National Oil Company of the United Arab Emirates (ENOC) Saeed Mohammed Ahmad Al Tayer. The sides discussed trade cooperation https://azertag.az/en/xeber/SOCAR_ENOC_discuss_trade_cooperation-2192039 Fri, 24 Jun 2022 16:09:00 +0400 Mikayil Jabbarov: Foreign trade turnover increased in five months “In January-May of this year, the foreign trade turnover increased by 74.1%, compared to the same period last year, and equalled to 20.57 bln. dollars, while exports increased by 2.1 times to 15.42 bln. dollars,” Azerbaijan`s Minister of Economy Mikayil Jabbarov said on Twitter. “An increase in exports https://azertag.az/en/xeber/Mikayil_Jabbarov_Foreign_trade_turnover_increased_in_five_months-2191892 Fri, 24 Jun 2022 15:14:00 +0400 Entrepreneurship Development Fund provides soft loans to two companies “In order to promote local production and support entrepreneurs, "Xanni-2017" LLC, which is engaged in the production of gloves, was provided with a soft loan of 2 million manats, and "Brightman BMC" LLC, which specializes in the processing of fruits and vegetables https://azertag.az/en/xeber/Entrepreneurship_Development_Fund_provides_soft_loans_to_two_companies-2190566 Thu, 23 Jun 2022 17:20:00 +0400 Mikayil Jabbarov: Exports of non-oil products increased by 30.9 percent “As a result of measures to diversify the economy, the positive trend in the export of non-oil products continues,” Azerbaijan`s Minister of Economy Mikayil Jabbarov posted on his Twitter account. “In January-May of this year, exports of non-oil products increased by 30.9 percent compared to the same https://azertag.az/en/xeber/Mikayil_Jabbarov_Exports_of_non_oil_products_increased_by_309_percent-2190287 Thu, 23 Jun 2022 15:56:00 +0400 Azerbaijani products on display at international exhibition in China An international exhibition has kicked off in the Chinese city of Qingdao on the sidelines of the East Asia Marine Cooperation Platform. The Azerbaijan Trade House in Qingdao presents "Made in Azerbaijan" brand products, including wine and other alcoholic beverages, pomegranate juice https://azertag.az/en/xeber/Azerbaijani_products_on_display_at_international_exhibition_in_China-2188970 Wed, 22 Jun 2022 17:10:00 +0400 Chairman of Azerbaijan`s State Statistics Committee attends international conference in Geneva Chairman of Azerbaijan`s State Statistics Committee Tahir Budagov is participating in the 70th plenary session of the Conference of European Statisticians in Geneva, Switzerland. The session marks 30 years since the Fundamental Principles of Official Statistics were first developed https://azertag.az/en/xeber/Chairman_of_Azerbaijans_State_Statistics_Committee_attends_international_conference_in_Geneva-2188841 Wed, 22 Jun 2022 16:31:00 +0400 ® Silk Way West Airlines celebrates ten years of success Silk Way West Airlines, a member of the Silk Way Group and the largest cargo airline in Europe serving a network of scheduled and charter destinations worldwide, celebrates its 10th anniversary. Silk Way West Airlines plays a key role in Azerbaijan's growing economy and regional leadership https://azertag.az/en/xeber/__Silk_Way_West_Airlines_celebrates_ten_years_of_success-2186873 Tue, 21 Jun 2022 14:46:00 +0400 ® Azercell products now at Azerpost offices Azercell services provided at Azerpost’s Baku and Absheron offices will be available at all the points in the soonest time. Adhering to the strategic goal of "Easing connectivity, empowering lives", the country's leading mobile operator Azercell Telecom is the https://azertag.az/en/xeber/__Azercell_products_now_at_Azerpost_offices-2185859 Mon, 20 Jun 2022 18:36:00 +0400 Azerbaijan, Uzbekistan discuss strengthening of economic ties Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with Deputy Prime Minister, Minister of Investments and Foreign Trade of the Republic of Uzbekistan Sardor Umurzak. "During the meeting with the Deputy Prime Minister, Minister of Investment https://azertag.az/en/xeber/Azerbaijan_Uzbekistan_discuss_strengthening_of_economic_ties-2185838 Mon, 20 Jun 2022 18:10:00 +0400 Ukraine was Azerbaijan’s top export market among CIS countries in five months Ukraine was Azerbaijan’s top export market in January-May 2022, according to the State Customs Committee. Ukraine, Russia and Belarus were the largest export destinations of Azerbaijan among the CIS member states. The volume https://azertag.az/en/xeber/Ukraine_was_Azerbaijans_top_export_market_among_CIS_countries_in_five_months-2185475 Mon, 20 Jun 2022 15:48:00 +0400 Trade between Azerbaijan and Moldova amounted to about $ 10 million in January-May 2022 The trade turnover between Azerbaijan and Moldova amounted to about $ 10 million in January-May of this year. Official figures suggest that the volume of exports from Azerbaijan to Moldova amounted to $8.1 million, while imports from Moldova to https://azertag.az/en/xeber/Trade_between_Azerbaijan_and_Moldova_amounted_to_about__10_million_in_January_May_2022-2183279 Sat, 18 Jun 2022 12:53:00 +0400 London hosts events dedicated to business partnership with Azerbaijan On the sidelines of the 5th session of the Joint Intergovernmental Commission on economic cooperation between the Government of the Republic of Azerbaijan and the Government of the United Kingdom of Great Britain and Northern Ireland in London, an event was held https://azertag.az/en/xeber/London_hosts_events_dedicated_to_business_partnership_with_Azerbaijan-2179037 Wed, 15 Jun 2022 17:46:00 +0400 London hosts 5th session of Azerbaijan-UK Intergovernmental Commission The fifth session of the Joint Intergovernmental Commission between the Government of the Republic of Azerbaijan and the Government of the United Kingdom of Great Britain and Northern Ireland on economic cooperation has been held in London https://azertag.az/en/xeber/London_hosts_5th_session_of_Azerbaijan_UK_Intergovernmental_Commission-2178635 Wed, 15 Jun 2022 11:22:00 +0400 bp: SWAP QBDX01 well safely plugged bp as operator under the Exploration, Development and Production Sharing Agreement ("EDPSA") for the Shallow Water Absheron Peninsula (SWAP) area, advises that on 25 May 2022 the third exploration well - QBDX01 was safely plugged and permanently abandoned https://azertag.az/en/xeber/bp_SWAP_QBDX01_well_safely_plugged-2176574 Mon, 13 Jun 2022 19:32:00 +0400 Azerbaijan’s Minister of Digital Development and Transport meets with Vice-Chair of European Parliament Committee Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev has met with Member of the European Parliament, Vice-Chair of the Committee on Transport and Tourism Andris Ameriks. During the meeting, the sides hailed the dynamic development of relations between Azerbaijan and the European Union https://azertag.az/en/xeber/Azerbaijans_Minister_of_Digital_Development_and_Transport_meets_with_Vice_Chair_of_European_Parliament_Committee-2173559 Sat, 11 Jun 2022 10:40:00 +0400 Cabinet of Ministers discusses expansion of Azerbaijan's transit opportunities Chaired by Prime Minister of Azerbaijan Ali Asadov, a meeting on the development of the country's existing transit opportunities has been held at the Cabinet of Ministers. According to the Cabinet of Ministers, the event participants included persons in charge of the field https://azertag.az/en/xeber/Cabinet_of_Ministers_discusses_expansion_of_Azerbaijan_039s_transit_opportunities-2172347 Fri, 10 Jun 2022 13:13:00 +0400 bp and its co-venturers’ new social investment project that promotes inclusive education completed bp and its co-venturers’ new social investment project that promotes inclusive education has been completed. The project helps create an inclusive educational environment and achieve a behavioural change at high schools by increasing awareness while supporting social integration https://azertag.az/en/xeber/bp_and_its_co_venturers_new_social_investment_project_that_promotes_inclusive_education_completed-2169464 Wed, 08 Jun 2022 15:13:00 +0400 GECF Secretary General: Under the vision of President Ilham Aliyev, Azerbaijan is writing a new chapter of economic growth driven by a rich energy portfolio” Secretary General of the Gas Exporting Countries Forum (GECF) Mohamed Hamel has been interviewed by the Azerbaijan State News Agency (AZERTAC) on the sidelines of the 27th Baku Energy Forum. AZERTAC presents the interview https://azertag.az/en/xeber/GECF_Secretary_General_Under_the_vision_of_President_Ilham_Aliyev_Azerbaijan_is_writing_a_new_chapter_of_economic_growth_driven_by_a_rich_energy_portfolio-2168891 Wed, 08 Jun 2022 10:41:00 +0400 Chairman of Azerbaijan`s KOBIA, Turkish Minister of Treasury and Finance discuss cooperation opportunities Chairman of the Board of the Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has met with Turkish Minister of Treasury and Finance Nureddin Nebati on the sidelines of the annual meeting of the Islamic Development Bank Group in Egypt https://azertag.az/en/xeber/Chairman_of_Azerbaijans_KOBIA_Turkish_Minister_of_Treasury_and_Finance_discuss_cooperation_opportunities-2165408 Sat, 04 Jun 2022 20:04:00 +0400 Azerbaijan, Iran sign MoU on cooperation in field of natural gas A Memorandum of Understanding on cooperation in the field of natural gas was signed between the Ministry of Economy of the Republic of Azerbaijan and the Ministry of Oil of the Islamic Republic of Iran as Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with Iranian Minister of Oil Javad Ovji https://azertag.az/en/xeber/Azerbaijan_Iran_sign_MoU_on_cooperation_in_field_of_natural_gas-2164691 Sat, 04 Jun 2022 13:26:00 +0400 Algerian news portals highlight Caspian Oil and Gas Exhibition The Algerian news portals Al Hiwar and Al Harir have published an article highlighting the 27th International Caspian Oil and Gas Exhibition held on the sidelines of the Baku Energy Week. Written by Azerbaijan's Chargé d'Affaires in Algeria Rafail Baghirov https://azertag.az/en/xeber/Algerian_news_portals_highlight_Caspian_Oil_and_Gas_Exhibition-2164076 Fri, 03 Jun 2022 20:46:00 +0400 Azerbaijan supports decision of OPEC+ to increase daily oil output by 648,000 barrels in July At the 29th Ministerial Meeting of OPEC and non-OPEC countries, Azerbaijan also supported the decision to increase daily oil production by 648,000 barrels in July. In according to the quotas set for July, the daily crude oil production in Azerbaijan is expected to increase https://azertag.az/en/xeber/Azerbaijan_supports_decision_of_OPEC_to_increase_daily_oil_output_by_648000_barrels_in_July-2164082 Fri, 03 Jun 2022 20:46:00 +0400 Azerbaijan, Iran sign Memorandum Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Iranian Minister of Oil Javad Owji. “During the meeting with Minister of Oil of the Islamic Republic of Iran Javad Owji, we talked about the current state and development of https://azertag.az/en/xeber/Azerbaijan_Iran_sign_Memorandum-2163977 Fri, 03 Jun 2022 19:44:00 +0400 Azerbaijan, Moldova discuss expansion of relations in field of exports Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Deputy Prime Minister, Minister of Infrastructure and Regional Development of the Republic of Moldova Andrei Spînu. “We held a productive meeting with the Deputy Prime Minister https://azertag.az/en/xeber/Azerbaijan_Moldova_discuss_expansion_of_relations_in_field_of_exports-2163878 Fri, 03 Jun 2022 18:49:00 +0400 ® Azercell opens first official dealer store in Zangilan Azercell Telecom, one of the key participants in the Regional Infrastructure Projects envisaged by the state program approved by the President of the Republic of Azerbaijan, is taking another considerable initiative in this direction. In accordance with the strategic goal of https://azertag.az/en/xeber/__Azercell_opens_first_official_dealer_store_in_Zangilan-2163791 Fri, 03 Jun 2022 18:17:00 +0400 OPEC+ alliance to boost July, August oil production OPEC and participating non-OPEC oil producing countries including Russia (OPEC+) agreed during the 29th Ministerial Meeting June 2 to raise production by 648,000 b/d in July and August, which is expected to moderately mitigate soaring energy prices and the resulting inflation https://azertag.az/en/xeber/OPEC_alliance_to_boost_July_August_oil_production-2163524 Fri, 03 Jun 2022 16:32:00 +0400 Azerbaijan, Romania discuss expansion of economic relations Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Romanian Minister of Energy Virgil-Daniel Popescu. The sides discussed the expansion of economic and trade relations between the two countries, the promotion https://azertag.az/en/xeber/Azerbaijan_Romania_discuss_expansion_of_economic_relations-2162579 Thu, 02 Jun 2022 21:01:00 +0400 bp, Azerbaijan State Oil and Industry University ink agreement bp and the Azerbaijan State Oil and Industry University (ASOIU) have today signed an agreement to work together to start a new higher education degree in renewable energy sources. The document was signed by bp’s vice president for the Caspian region, communications and advocacy https://azertag.az/en/xeber/bp_Azerbaijan_State_Oil_and_Industry_University_ink_agreement-2162537 Thu, 02 Jun 2022 20:11:00 +0400 Expansion of Southern Gas Corridor discussed as part of Baku Energy Forum Azerbaijan’s Energy Minister Parviz Shahbazov has held a number of meetings on the sidelines of the Baku Energy Week. At the meeting with Director of Energy Policy at DG ENER Cristina Lobillo Borrero, the issues on the agenda of the energy dialogue between Azerbaijan https://azertag.az/en/xeber/Expansion_of_Southern_Gas_Corridor_discussed_as_part_of_Baku_Energy_Forum-2162291 Thu, 02 Jun 2022 18:24:00 +0400 Azercosmos starts to cooperate with Spanish high-tech company Azercosmos under Azerbaijan’s Ministry of Digital Development and Transport has signed a Protocol of Intent with GTD Ingenieria de Sistemas, Spain’s aerospace, defense and security company.The document lays the foundation for cooperation in mutually beneficial space projects https://azertag.az/en/xeber/Azercosmos_starts_to_cooperate_with_Spanish_high_tech_company-2161700 Thu, 02 Jun 2022 13:50:00 +0400 Azerbaijan, Italy discuss expansion of bilateral economic and trade relations Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with Italy’s Undersecretary of State at the Ministry of Ecological Transition Vannia Gava. During the meeting, the sides discussed expansion of the bilateral economic https://azertag.az/en/xeber/Azerbaijan_Italy_discuss_expansion_of_bilateral_economic_and_trade_relations-2161469 Thu, 02 Jun 2022 12:15:00 +0400 Baku Energy Forum kicks off More than 400 delegates from 20 countries attend the forum VIDEO The Baku Energy Forum has kicked off on the sidelines of the Baku Energy Week in the Azerbaijani capital. The two-day event will focus on global energy prospects, financing the transition to green energy, gas supplies, a map of exploration, production opportunities in the Caspian region https://azertag.az/en/xeber/Baku_Energy_Forum_kicks_off__More_than_400_delegates_from_20_countries_attend_the_forum_VIDEO-2161427 Thu, 02 Jun 2022 12:05:00 +0400 Azerbaijan`s Minister of Economy: Value added in refining industry increased by 12.2% “As a result of promoting the activities of business entities and enterprises in our country, the growth rate of production in various fields has significantly accelerated,” Azerbaijan`s Minister of Economy Mikayil Jabbarov said on Twitter. “In the refining industry, which is one of the priority areas in the development of the non-oil sector https://azertag.az/en/xeber/Azerbaijans_Minister_of_Economy_Value_added_in_refining_industry_increased_by_122-2160911 Wed, 01 Jun 2022 21:37:00 +0400 ‘Volume of funds directed to fixed capital in non-oil and gas sector increased’ “The volume of funds directed to fixed capital in the non-oil and gas sector for 4 months of this year increased by 17.9% compared to the same period last year,” said Azerbaijan`s Minister of Economy Mikayil Jabbarov https://azertag.az/en/xeber/Volume_of_funds_directed_to_fixed_capital_in_non_oil_and_gas_sector_increased-2160506 Wed, 01 Jun 2022 18:49:00 +0400 Azerbaijan’s Economy Minister meets with head of EIB Regional Representation Azerbaijan’s Minister of Economy Mikayil Jabbarov has met with Head of the European Investment Bank's (EIB) Regional Representation for the South Caucasus Maciej Czura, Minister Jabbarov posted on his Twitter account. "During the meeting https://azertag.az/en/xeber/Azerbaijans_Economy_Minister_meets_with_head_of_EIB_Regional_Representation-2159525 Wed, 01 Jun 2022 14:12:00 +0400 Azerbaijan exports 127,700 tons of fruits and vegetables in four months Azerbaijan has exported 127,700 tons of fruits and vegetables in the first four months of this year. According to the State Customs Committee, the worth of exported fruits and vegetables amounted to $162.6 million https://azertag.az/en/xeber/Azerbaijan_exports_127700_tons_of_fruits_and_vegetables_in_four_months-2158787 Tue, 31 May 2022 19:33:00 +0400 Representative office of Azerbaijan Confederation of Entrepreneurs opens in Berlin A representative office of the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan has opened in Berlin, Germany. Azerbaijani businessman and executive director of Edel Tower GmbH Elnur Huseynov has been appointed as the representative of the Confederation in Germany https://azertag.az/en/xeber/Representative_office_of_Azerbaijan_Confederation_of_Entrepreneurs_opens_in_Berlin-2158751 Tue, 31 May 2022 19:21:00 +0400 Mikayil Jabbarov: GDP in non-oil and gas sector increased by 11.4% “As a continuation of the rapid recovery process in the Azerbaijani economy after the pandemic, in January-April this year GDP increased by 7.2%, compared to the same period last year, to 39 bln. 554.8 mln. manats, whilst the non-oil and gas sector GDP grew by 11.4% to 19 bln. 469.1 mln. manats,” said Minister of Economy Mikayil Jabbarov https://azertag.az/en/xeber/Mikayil_Jabbarov_GDP_in_non_oil_and_gas_sector_increased_by_114-2158694 Tue, 31 May 2022 18:47:00 +0400 Azerbaijan’s Ministry of Digital Development & Transport, Turkish Ministry of Industry and Technology sign MoU Azerbaijan`s Minister of Digital Development and Transport Rashad Nabiyev has met with Turkish Minister of Industry and Technology Mustafa Varank, who is on a visit to Baku as part of TEKNOFEST Azerbaijan Aerospace and Technology Festival https://azertag.az/en/xeber/Azerbaijans_Ministry_of_Digital_Development__amp_Transport_Turkish_Ministry_of_Industry_and_Technology_sign_MoU-2154998 Sat, 28 May 2022 15:17:00 +0400 Take Off Baku Startup Summit winners announced The winners of the Take Off Baku Startup Summit, held as part of the TEKNOFEST Azerbaijan Aerospace and Technology Festival which is being held for the first time in Baku on 26 – 29 May, jointly organized by the Turkish Technology Team Foundation (T3 Foundation) https://azertag.az/en/xeber/Take_Off_Baku_Startup_Summit_winners_announced-2154902 Sat, 28 May 2022 14:07:00 +0400 Mikayil Jabbarov: Tax revenues from private segment of non-oil sector increased by 44.7% “In January-April 2022, tax revenues from the private segment of the non-oil sector increased by 44.7% compared to the same period last year, and revenues from the private segment of the oil sector, excluding taxes from foreign and domestic subcontractors, increased by 45%,” Azerbaijan`s Minister of Economy https://azertag.az/en/xeber/Mikayil_Jabbarov_Tax_revenues_from_private_segment_of_non_oil_sector_increased_by_447-2154341 Fri, 27 May 2022 20:28:00 +0400 Minister Rashad Nabiyev meets with Selcuk Bayraktar “Today we met with Chairman of the Board of TEKNOFEST and the Board of Trustees of the T3 Foundation Selcuk Bayraktar and Deputy Minister of Industrial Technology of Turkiye Fatih Kacır,” said Azerbaijan’s Minister of Digital Development and Transport Rashad Nabiyev on his Twitter account https://azertag.az/en/xeber/Minister_Rashad_Nabiyev_meets_with_Selcuk_Bayraktar-2149103 Tue, 24 May 2022 19:51:00 +0400 Azerbaijan`s trade operations made up $4.9 billion in April The volume of trade operations in Azerbaijan in April amounted to $4 billion 955.4 million. According to the State Customs Committee, import operations totaled $1 billion 113 million, while export transactions amounted to $3 billion 842.4 million https://azertag.az/en/xeber/Azerbaijans_trade_operations_made_up_49_billion_in_April-2148722 Tue, 24 May 2022 17:41:00 +0400 Azerbaijan exported $2.3 billion worth products to EU countries in April Products worth $2.3 billion have been exported to the EU countries in April, the State Customs Committee told AZERTAC. “During the same period, Azerbaijan imported from EU countries products worth $181.5 million,” according to the committee https://azertag.az/en/xeber/Azerbaijan_exported_23_billion_worth_products_to_EU_countries_in_April-2148686 Tue, 24 May 2022 17:22:00 +0400