The Russian-Azerbaijani Business Council (RABC) plans to initiate up to five joint projects in 2016, said RABC Chairman Petr Fradkov. Despite the fact that the council was created in May, there was a preliminary plan of action for the remaining part of 2016, Fradkov noted. “Currently, the business council includes about 30 companies representing various…
Russia, Iran and Azerbaijan will take measures on the development of transportation infrastructure, including the North-South international transportation corridor, the draft declaration says. “The sides intend to support efforts to integrate regional transportation and communication opportunities aimed at creating an economically profitable and environmentally friendly transportation infrastructure”, says the declaration that should be approved by…
Iran believes it is necessary to expand the energy cooperation with Azerbaijan’s state oil company SOCAR, said Iran’s Oil Minister Bijan Namdar Zanganeh. Zanganeh made the remarks during a meeting with SOCAR President Rovnag Abdullayev in Baku on August 8. During the meeting, Abdullayev pointed to the rapid and successful development of Azerbaijani-Iranian relations, which…
Changes occurred in the management of Azerbaijan’s AGBank OJSC, and Tokay Alizade has left his post of deputy chairman of the bank’s board, the bank said on its website. This post remains vacant for now, according to the bank. Currently, the bank’s executive board includes Acting Board Chairman Afqan Jalilov, Director of Department of Financial…
The physical volume of exports of Azerbaijani goods to Russia increased significantly in 2016, Minister of Economic Development and Trade of Russia Alexey Ulyukaev said. He made the remarks in Baku at the first meeting of the Azerbaijani-Russian and Russian-Azerbaijani Business Council. “Trade between our countries experiences a number of difficulties due to the fluctuation…
The North-South international transport corridor is one of the main issues between Iran and Azerbaijan as well as regional countries, Iranian President Hassan Rouhani said. He made the remarks while on an official visit to Baku on August 7, at a joint press conference with Azerbaijani President Ilham Aliyev. “The corridor will connect Azerbaijan to…
Relations between Azerbaijan and Iran have never been at such a high level as now, said Azerbaijan’s Economy Minister Shahin Mustafayev. Mustafayev made the remarks on August 6, at a meeting dedicated to laying foundation for a joint car plant with Iran’s Minister of Industry, Mine and Trade Mohammad Reza Nematzadeh. He said Iran’s investments…