Azerbaijan to supply wine to China

Azerbaijan will supply 500,000 bottles of wine to China, the Economy Ministry said. The ministry said that the agreement on the supply was reached during the visit of an export mission of Azerbaijani entrepreneurs to Hong Kong and Guangzhou on November 9-15. During the visit, the Azerbaijani entrepreneurs took part in two international exhibitions of…

Azerbaijan: Azeri Light production at 2015 level

Total production at the Azeri-Chirag-Deepwater Gunashli (ACG) was on average 644,000 barrels per day (b/d) (over 176 million barrels or 24 million tons in total) in January-September, same as in January-September 2015, BP Azerbaijan has said. According to the BP Azerbaijan report, 53,000 b/d of that volume accounted for Chirag platform, 149,000 b/d – Central…

Azerbaijan important for Northern Cyprus

Azerbaijan is one of the important countries for Northern Cyprus in the field of tourism development, Fikri Ataoglu, Cypriot minister of tourism and environment, said. Ataoglu is expected to visit Azerbaijan on November 29. Northern Cyprus’s potential for tourism will be presented as part of the visit. The minister will be accompanied by a delegation,…

Vietnam interested in Azerbaijani investments

The administration of Ho Chi Minh intends to draw Azerbaijani investments in infrastructure projects. Vietnam urges Azerbaijani investors to work over the subway construction project in Ho Chi Minh, as well as invest in tourism, information and communication technologies and services. The prospects of cooperation were discussed at the meeting of Azerbaijani ambassador to Vietnam…

Azerbaijan to increase energy efficiency by 2020

Azerbaijan intends to increase energy efficiency by 20% till 2020, Director of the Institute for Scientific Research on Economic Reforms (ISRER) under the Ministry of Economy of the country Vilayat Veliyev said. He said that these objectives were described in “Azerbaijan 2020: Look into the Future” concept of development adopted by the country’s president. “In…

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…