Azerbaijan plans to start laying rail lines to border with Iran

Azerbaijan Railways CJSC plans to start laying rail lines in mid-August within construction of a railway section from Azerbaijan’s Astara station to the border with Iran as part of the North-South transportation corridor, Nadir Azmammadov, spokesperson for Azerbaijan Railways, said. The North-South transportation corridor is meant to connect northern Europe with South-Eastern Asia. It will…

Azerbaijan: 65 new projects for investment

Azerbaijan Export and Investments Promotion Foundation (AZPROMO) has updated the catalogue of Azerbaijan’s investment projects by including 65 projects, said a message from the country’s Economy Ministry. It was noted that the purpose of updating the catalog is to promote the attraction of foreign investment in Azerbaijan’s non-oil sector. The catalogue includes 65 projects covering…

Azerbaijan discussing projects in pharmaceuticals and car industry with Iran

Azerbaijan and Iran have discussed the projects for joint production of pharmaceutical products, cars and car spare parts, said the message from Azerbaijan’s Economy Ministry. The issues were discussed during the meeting of Azerbaijan’s Economy Minister Shahin Mustafayev with Iran’s Minister of Communication and Information Technology Mahmoud Vaezi. Vaezi was on an official visit to…

Azerbaijan: 12 projects receive investment promotion documents

Twelve more entrepreneurs have received investment promotion documents worth a total of 106 million manats for their projects. The documents were handed to the entrepreneurs during the event organized by Azerbaijan’s Economy Ministry on July 29. Azerbaijan’s Deputy Economy Minister Niyazi Safarov said that despite the difficult economic situation in the world, Azerbaijan took systematic…