Azerbaijan: transparency in economy expanding

Transparency and accountability are the basis for stable and rapidly developing economy, Chairman of the Azerbaijan Chamber of Auditors Vahid Novruzov declared. Novruzov stressed that Azerbaijani President Ilham Aliyev paid special attention to ensuring transparency in the economy. “This is not coincidence because world practice shows that only transparent economy can be sustainable, develop rapidly…

Azerbaijan: honey in demand in Arab countries

Beekeeping, perhaps one of the most environmentally friendly types of agriculture, is vibrant and flourishing in Azerbaijan, and the industry almost doubled over the last eight years. Recent researches show that the products of the beekeeping industry have a significant demand both inside the country and abroad. Thus, head of the public relations and information…

Azerbaijan: Heydar Aliyev Airport among world’s 14 most beautiful airports

Heydar Aliyev International Airport, located in Baku, is among 14 most beautiful airports in the world, according to the rating made by Curbed, an American real-estate blog network. “Located in the capital of Azerbaijan, the Heydar Aliyev International Airport terminal features giant wooden cocoons designed by Turkish architecture studio Autoban,” said Curbed. “Light streams in…

Azerbaijan: EBRD sells stake in cement plant

The European Bank for Reconstruction and Development (EBRD) has sold its stake in Holcim Azerbaijan (Garadagh Cement Plant) to one of the shareholders, spokesman for EBRD, Anton Usov, declared. The EBRD shares in Holcim Azerbaijan (10%) was sold to LafargeHolcim, he added. Usov refused to disclose the amount of the deal, mentioning the confidentiality of…

Azerbaijan: draft state and consolidated budgets for 2019 submitted to president

Draft state, consolidated budgets of Azerbaijan for 2019 and indicators of the consolidated budget for the next three years have been submitted to Azerbaijani President Ilham Aliyev. The corresponding decision, published on September 26 in the newspaper “Khalg Gazeti”, was signed by Azerbaijani Prime Minister Novruz Mammadov. Also, the “Concept and Indicators of Azerbaijan’s Economic…

Azerbaijan: Ilham Aliyev allocates funding for construction of road in Oghuz

Azerbaijani President Ilham Aliyev has signed an order to provide funds for the construction of Bujag-Mukhas-Bash Dashagil road in Oghuz region.

Under the presidential order, the Azerbaijan Highway State Agency is allocated 9.4 million manats for the construction of the road connecting four residential areas with a total population of 4,000 people. (AzerNews/Business World Magazine)

Azerbaijan: car exports to start in 2019

The Azerbaijan-Iran car plant Khazar intends to start exporting cars to Russia and other CIS countries in 2019, Veronika Allahverdiyeva, official representative of the Azerbaijani AzerMash automobile company, declared. Allahverdiyeva made the remarks on the sidelines of the Moscow International Automobile Salon in Crocus Expo International Exhibition Center. Azerbaijani “Khazar” cars are showcased at the…

Azerbaijan: Iran Khodro to expand car production

Iranian automobile manufacturer “Iran Khodro” intends to launch a second line of production in Azerbaijan, said Mohsun Salehi Iran’s deputy minister of industry, mining and trade. This step will allow the company to expand its production in Azerbaijan. “At present “Iran Khodro” intends to increase the current production capacity to raise the daily vehicle output…