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…

Ukraine: biggest drug producer to build plant in Azerbaijan

Ukraine’s biggest pharmaceutical company Indar plans to build a medicine plant in Azerbaijan, Ukrainian Ambassador to Azerbaijan Alexander Mishchenko said.

He made the remarks on October 20,during a tourism forum in Baku.

Mishchenko noted that the company was in negotiations in Azerbaijan and the share in the enterprise would be divided 50-50. (Trend/Business World Magazine)

Azerbaijan to present its products at 5 international exhibitions

Entrepreneurs will be able to take part in at least 5 international exhibitions in 2017 through the line of Azerbaijan’s Economy Ministry, the country’s Economy Minister Shahin Mustafayev said. Mustafayev said that in 2017, Azerbaijani businessmen would be able to showcase their products at exhibitions in Dubai (UAE), Moscow (Russia), Habsburg (Switzerland) and Dusseldorf (Germany).…

Azerbaijan: number of business inspections cut

As many as 50 inspections of business activities were carried out in Azerbaijan in January-September, while the figure was 50,000 for the first nine months of last year, the country’s Economy Minister Shahin Mustafayev reported. “Recently, Azerbaijan’s President Ilham Aliyev has taken very significant steps to promote entrepreneurship, support local production and promote non-oil exports”,…

Azerbaijan and Iraq to launch regular passenger and cargo flights

Azerbaijan and Iraq have discussed opportunities for carrying out regular passenger and cargo flights.

The discussion took place as a delegation of Iraqi aviation administration visited Azerbaijan State Civil Aviation Administration.

The delegation also familiarized themselves with the activity of the Heydar Aliyev International Airport. (Azertac/Business World Magazine)