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…

Azerbaijan: Germany’s DHL enters market

Germany’s logistics company DHL has opened its office in Azerbaijan. The office, DHL Global Forwarding Azerbaijan, was registered according to the “single window” principle of Azerbaijani Ministry of Taxes on June. The company’s authorized capital is 100 manats. Turkish citizen Inanc Behcet Kerem is the company’s official representative. Azerbaijan Railways CJSC and DHL agreed to…

Azerbaijan calls on Croatia to invest in IT, tourism and agriculture

Azerbaijan calls on Croatian companies to invest in the country’s agriculture, tourism, IT and chemical industry, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said. He added that favorable conditions had been created in Azerbaijan for making investments, as well as for activity in industrial and technology parks. “Tourism sector is…

Azerbaijan: A.M. Best affirms AzRe rating

A.M. Best, the world’s oldest and most authoritative insurance rating and information source, has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of “bbb-” of AzRe Reinsurance OJSC, the sole domestic reinsurer in Azerbaijan. The outlook of these Credit Ratings (ratings) remains stable, according to the service’s message. “The ratings…

Azerbaijan: Venezuela interested in co-op

Azerbaijan’s Prime Minister Artur Rasizade has met President of Venezuela Nicolas Maduro. Rasizade said Azerbaijani-Venezuelan relations were at a good level, adding that both countries supported each other within international organizations. The Prime Minister said there was good potential for boosting economic ties between the two countries and stressed the importance of increasing efforts for…