Azerbaijan: beekeepers increasing honey production

Significant increase in the production of honey has been observed in Azerbaijan since the Agriculture Ministry granted subsidies to Azerbaijani beekeepers, Head of the Azerbaijan Beekeepers Association Badraddin Hasratov declared. He said that there had been an increase in the number of apiaries among amateur beekeepers. For this year, it is planned to increase production…

Azerbaijan: rail freight turnover to increase

The volume of freight turnover of railway transport in Azerbaijan is planned to be increased to 5.3 ton-kilometers in 2019, or by 17.7% YoY. According to government forecasts, the turnover will increase in subsequent years. As such, this figure will stand at 5.9 billion ton-kilometers in 2020, 6.6 billion ton-kilometers in 2021, and 7.4 billion…

Azerbaijan: new airport to be constructed

A new airport is planned to be built in Shaki district in 2022-2023, the Cabinet of Ministers reported. The construction is mentioned in the strategic plan of Azerbaijan Airlines CJSC for 2018-2025. Recently, a new airport has been built in the Gabala district and the airport in the Zagatala district reconstructed. The largest airport in…

Azerbaijan: Aliyev’s decree to revive construction market

The decree by Azerbaijani President Ilham Aliyev on simplifying the issuance of permits for the operation of a number of multi-apartment buildings will help revive the construction market, Nusret Ibrahimov, real estate expert, director general of the consulting company MBA Group, reported. He said that earlier, investors and construction companies couldn’t commission construction projects for…

Azerbaijan: GDP up in January 2019

Azerbaijan’s GDP in January amounted to almost 5.9 billion manats, up by 2.9% YoY, the State Statistics Committee reported. GDP per capita was 601.1 manats. The volume of GDP produced in the non-oil sector of Azerbaijan increased by 2.7%, while there was an increase of 3.2% in the oil and gas sector. In 2018, except…

Azerbaijan: increased salary not to entail price hike

The Azerbaijani government will take all necessary measures to prevent intended increase in prices after increase of the minimum wage, Abulfat Maharramov, director of the labor policy department of the Ministry of Labor and Social Protection of Population of Azerbaijan, declared. Maharramov said the National Confederation of Entrepreneurs would be given relevant instructions to prevent…

Azerbaijan: production of Peugeot cars launched

Azerbaijan’s AzerMash company together with the automobile company Iran Khodro Industrial Group (IKCO) have launched the production of Peugeot cars under the Khazar brand on the basis of the Neftchala Industrial Site, spokesperson for AzerMash company Gunay Namidar reported. “Several Peugeot cars have been already produced,” she added. “The cars have been equipped with an…