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…

Azerbaijan: persimmon exports up in 2018

Last year, Azerbaijan increased the sale of persimmon by 17.5% YoY, the Chairman of the Association of Producers and Exporters of Persimmon, Gadir Yusifov, reported. In 2017, Azerbaijan sold persimmons for a total amount of $97 million. In 2018, the cultivation reached $114 million, which indicated an increase of 17.5%. Azerbaijani persimmon is mainly exported…

Azerbaijan: trade with Germany up in 2018

In 2018, the trade turnover between Azerbaijan and Germany increased by 61% YoY, Azerbaijani Deputy Economy Minister Rufat Mammadov said at the eighth meeting of the Azerbaijani-German high-level working group in Baku. The deputy minister noted that relations between the two countries were developing positively. Mammadov noted that Azerbaijan’s share among Germany’s partners in the…

Azerbaijan: Czech technology to be applied to renewable energy sector

The opportunity for Czech companies can represent the fields that are in priority to be developed by Azerbaijan’s government, to diversify the economy and support the development of the non-oil sector, Marta Novakova, Minister of Industry and Trade of the Czech Republic reported. “These are mainly agriculture, chemical and manufacturing industry, engineering, services (especially transport,…

Azerbaijan: Baku airport’s activity unaffected by heavy fog

Heavy fog in Baku didn’t affect the activity of the Heydar Aliyev International Airport.

All flights are performed in accordance with the schedule.

“There are no delays in arrival and departure of the flights,” the airport said. (Trend/Business World Magazine)

Azerbaijan: president allocates funds for road construction in Zardab

Azerbaijani President Ilham Aliyev has signed an Order regarding measures to construct Zardab-Garavalli road in Zardab.

Under the presidential order, the Azerbaijan Highway State Agency is allocated 3.9 million manats for the construction of the road connecting six residential areas with a total population of 7,000 people. (AzerNews/Business World Magazine)

Azerbaijan: trade with Serbia up in 2018

The trade turnover between Azerbaijan and Serbia has grown by 33% this year, Economy Ministry reported. The ministry was commenting on the fifth meeting of the Azerbaijan-Serbia intergovernmental commission on trade and economic cooperation. Prior to the meeting of the intergovernmental commission with the participation of delegations led by co-chairs of the commission – Azerbaijani…