As of July 1 the number of hired employees in the Azerbaijani economy increased by 4.4% and exceeded 1.6 million people compared to the same period of 2018, the State Statistics Committee reported. Some 903,400 of people were employed in the public sector, while 710,300 people – in the private sector. Of the total number…
Local and Russian enterprises and businessmen demonstrate continuous interest in cooperation due to similar business structures, preferential tax and customs regimes and availability of different transport routes which ease logistics issues. Business people from Tyumen, Russia, who will be in Baku on August 11-16, plan to establish ties with potential partners from Azerbaijan. The visit,…
Azerenergy, the largest electrical power producer of the country, plans to complete the reconstruction of the Azerbaijan thermal power plant in Mingachevir in the first half of 2020, the company said in a message. “Work on the reconstruction of the power plant is being carried out at a fast pace. To date, repair work at…
In recent years Azerbaijan has turned from an electricity importing country into a country exporting electricity. Azerbaijan, which has been exporting electricity to neighboring countries for a long time, has already begun exporting energy to European countries. In early May Azerenergy started supplying electricity to Greece, Romania, Bulgaria and Hungary through Georgia and Turkey. In…
The self-employment program covered 6,000 families in Azerbaijan in 2018, which were provided with the assets to create small and medium-sized enterprises, Minister of Labor and Social Protection of Population Sahil Babayev said. Babayev made the remarks in Baku at the meeting related to the socio-economic sphere and chaired by President of Azerbaijan Ilham Aliyev.…
The Research Institute of Vegetable Growing under the Azerbaijani Ministry of Agriculture conducts extensive research and practical work on the production of potato seeds. Seeds of national potato varieties are grown in the sown areas of the experimental Saritala station in Tovuz region, along with the base of the research institute in neighboring Shamkir. The…
The Entrepreneurship Development Fund under the Azerbaijani Ministry of Economy and the Turkish Small and Medium Enterprises Development Organization have signed a memorandum on cooperation and exchange of experience in the field of entrepreneurship. The document was signed at the conference entitled “Concessional financial state support in the development of innovative entrepreneurship” held in Baku.…