EU and Azerbaijan to mull bilateral relations

The EU Special Representative for the South Caucasus Herbert Salber will visit Azerbaijan in late October, Salber’s press service reported. Salber will hold a number of official meetings, at which the sides will discuss bilateral relations. It is also expected to discuss the situation around the Nagorno-Karabakh conflict. The conflict between the two South Caucasus…

Azerbaijan: investors exempt from state duties

Investors who put their funds in Azerbaijan in accordance with the Build-Operate-Transfer (BOT) model have been exempt from the state duties. The corresponding amendments to the law “On state duty” were approved by Azerbaijani MPs at the plenary session of the country’s parliament October 14. In accordance with the BOT model provided by the law…

Azerbaijan: Poland joins TCITR

Poland’s rail operator PKP LHS has become a member of the Coordination Committee of the Trans-Caspian International Transport Route (TCITR), Azerbaijan Caspian Shipping CJSC reported. Another meeting of the Coordination Committee was held in Astana. “The creation of a union of legal entities of the Coordination Committee, the signing of the agreement on the establishment…

Azerbaijan: passenger traffic through TRACECA sector up in January-August 2016

The Transport Corridor Europe-Caucasus-Asia (TRACECA) transported some 229.5 million passengers through Azerbaijan’s territory in January-August 2016, up by 2.2 percent% YoY, Azerbaijan’s State Statistics Committee reported. Meanwhile, some 33.24 million tons of cargo were transported via the TRACECA through Azerbaijan’s territory during the reporting period, down by 6.6% YoY. Some 64.1% (21.3 million tons) of…

Azerbaijan: Islamic microfinance fund to be created

The Islamic fund on microfinance might be created in Azerbaijan, a source on the country’s finance market reported. The source said that the issue was being discussed by Azerbaijan’s microfinance organizations. “The discussions are still at a very early stage, but if market participants agree and adopt a certain decision, then international financial organizations can…

Azerbaijan: Mahan Air to launch flights to Baku

Iranian Mahan Air airline will launch regular flights on Tehran-Baku-Tehran route from October 31, press service of Heydar Aliyev International Airport reported. Azerbaijan State Civil Aviation Administration issued the relevant permission after receiving a request from the airline to perform flights three times a week. Flights are scheduled three times a week on Tuesdays, Wednesdays…

Azerbaijan: electricity output down in January-September 2016

Power plants of the Azerenergy JSC, Azerbaijan’s main electricity producer, generated 16.5 billion kilowatt hours of electricity in January-September as compared to 16.8 billion kilowatt hours generated in the same period of 2015. Azerenergy’s power plants produced about 1.7 billion kilowatt hours of electricity in September. In 2015, Azerenergy produced more than 22.5 billion kilowatt…

Azerbaijan to discuss oil production freeze with OPEC

Azerbaijan’s Energy Minister Natig Aliyev will take part in an informal meeting of the OPEC member states and non-members of the organization within the framework of the 23rd World Energy Congress in Istanbul, Azerbaijan’s Energy Ministry reported. The OPEC Secretary General Mohammad Sanusi Barkindo sent the invitation to Azerbaijan’s energy minister to participate in the…

Azerbaijan: all North-South project members join cargo transportations

All countries involved in the North-South Transport Corridor project have connected to the cargo transportation process, reads the message of the ADY Express company, logistics operator of Azerbaijan Railways CJSC. The company implemented reception, handling and shipment of three out of five 40-foot universal containers loaded with electrical equipment and spare parts in Azerbaijan’s Astara…

Bulgaria ready to export wide range of products to Azerbaijan

Bulgaria is interested in exporting a wide range of products to Azerbaijan, Bojidar Loukarsky, Bulgarian minister of economy, said. He added that the issue was pharmaceutical products and medical equipment, clothing, food and other agricultural products, building constructions, as well as the construction of mini-plants for vegetable and fruit processing, etc. “Bulgaria is greatly interested…

Azerbaijan: Bulgaria prevents investing in occupied territories

Azerbaijan appreciates Bulgaria’s constructive stance regarding prevention of any unlawful acts, including attraction of the Bulgarian capital and resources to Azerbaijan’s occupied territories, the country’s Minister of Transport Ziya Mammadov said. “This year, the Foreign Ministry of Azerbaijan has submitted a report on the illegal economic and other activities in the occupied territories of Azerbaijan…