Azerbaijan and Kuwait ink deal on air traffic

President of Azerbaijan Airlines CJSC (AZAL) Jahangir Asgarov and Director General of Kuwait’s Civil Aviation Yousef Sulaiman Al Fouzan signed an intergovernmental agreement on air traffic between the two countries on November 16. By signing the intergovernmental agreement, the sides removed obstacles to open air traffic between the two countries that would contribute to further…

Azerbaijan to become the exporter of grain products

Development of the agricultural sector is the priority direction for Azerbaijan. In the nearest future, it is planned to completely provide the domestic needs in grains, and develop the export potential, the President of Azerbaijan Ilham Aliyev declared. According to him, the country does not have large-scale land areas. Therefore, Azerbaijan will rationally use every…

Azerbaijan: WB ready to provide technical aid

The World Bank (WB) is ready to provide technical assistance to support the strengthening of macroeconomic stability in Azerbaijan, the WB leading expert Naoko Kojo said. Kojo made the remarks during his meeting with Rufat Aslanli, chairman of Board of Directors at Azerbaijan’s Financial Market Supervisory Authority. The sides discussed the current macroeconomic situation in…

Iran: Tehran and Baku discuss shipping co-op

Iranian Ports and Shipping Organization officials during a visit to Baku discussed prospects of bilateral cooperation with their Azerbaijani counterparts. The Iranian delegation was led by Managing Director of Ports and Maritime Organization Jabar Jalilian, while the Azerbaijani side was represented by Rauf Valiyev, the chairman of Azerbaijan Caspian Shipping Company. The sides discussed cooperation…

Azerbaijan: British Airways closes office

The UK’s air carrier British Airways has closed down its representative office in Azerbaijan. Creditors may submit their claims within two months to: Hyatt Tower-2, 8, Izmir Street, Yasamal district, Baku, Azerbaijan. British Airways suspended flights on the London-Baku route and vice versa from May 1. The last flight on the London-Baku-London route was implemented…

Azerbaijan: Azercosmos to render telecom services to Africa and Middle East

The Azercosmos OJSC of the Azerbaijani Ministry of Communications and High Technologies has signed a contract to render telecommunication services to the leading international satellite operators, DCS Telecom and Don Telecom. According to the contract, the DCS Telecom and Don Telecom will use the resources of the Azerspace-1 satellite for voice services, data transmission, cellular…

Azerbaijan: US bureau of shipping to audit company

The American Bureau of Shipping (ABS) classification society has started the audit of the Azerbaijan Caspian Shipping Company CJSC, the Azerbaijani company’s website said. The audit is being conducted in accordance with the international management standards, in the spheres of security, ecology, energy efficiency and labor protection. “The audit will be carried out in the…

Azerbaijan receives export compensation appeals

Azerbaijan’s Economy Ministry has already received first appeals from entrepreneurs regarding the partly repayment of their expenses for products’ export, the country’s Economy Minister Shahin Mustafayev reported. “As is known, in accordance with the export support mechanism, Azerbaijani government will return part of the money spent by entrepreneurs on the organization of export supplies (compensation…

Azerbaijan and Dagestan agree to seek investors jointly

Azerbaijan and Russia’s Dagestan agreed to cooperate on development of foreign economic relations. A memorandum of cooperation was signed between Agency for Entrepreneurship and Investments of Dagestan Republic of Russia and Azerbaijan Export and Investments Promotion Foundation (AZPROMO) during the 7th Azerbaijani-Russian Interregional Forum in Baku. The memorandum was signed by Bashir Magomedov, head of…

Azerbaijan and Vietnam to develop joint projects

Vietnam offers Azerbaijan certain proposals for cooperation in energy, transportation, agriculture and commerce, the Azerbaijani ambassador to Vietnam Anar Imanov reported. “All these proposals will be considered during the first meeting of the Azerbaijan-Vietnam Intergovernmental Commission for Economic, Trade, Scientific and Technical Cooperation, planned to be held in the near future”, he said. Currently, a…

Azerbaijan eyes closer contact with OPEC

OPEC Secretary General Mohammad Sanusi Barkindo received Azerbaijani Minister of Energy Natig Aliyev and Ambassador and Permanent Representative of the Permanent Mission to the International Organizations in Vienna Galib Israfilov. Non-OPEC countries were invited to join in talks following the Algiers Accord, reached in Algeria on September 28. Natig Aliyev said that Azerbaijan was very…

Azerbaijan: 101 state properties to be auctioned

An auction for privatization of state-owned properties in Azerbaijan will be held on November 1, Azerbaijani State Committee on Property Issues said. The auction will see 101 state properties and facilities put up for sale, including 23 joint-stock companies, 62 small enterprises and properties, as well as 16 vehicles. Joint-stock companies include enterprises operating in…

Kazakhstan: Azerbaijan to boost fruit and vegetable exports

Azerbaijan intends to strengthen partnership with the regions of Kazakhstan. “The Azerbaijani side will try to find common interests regarding the supply of certain goods and raw materials, boost the export of fruit and vegetables to the Kazakh market, including the Atyrau region”, Ambassador of Azerbaijan to Kazakhstan Rashad Mammadov said. “Azerbaijani enterprises need raw…