About 100,000 tons of high-density polyethylene will have been produced by the end of 2019, Director General of SOCAR Polymer LLC Farid Jafarov announced. Jafarov noted that the plant for the high-density polyethylene production would reach its design capacity within the next two months. As for polypropylene, Jafarov said that its production volume by the…
Azerbaijani companies will be able to receive permits for constructing building facilities not requiring inspection within a 15-day period, and a permit for using real estate facilities within a 10-day period, Anar Guliyev, Head of Staff of the State Committee on Urban Planning and Architecture, declared. As noted by Guliyev, this will be possible via…
The decree by Azerbaijani President Ilham Aliyev on simplifying the issuance of permits for the operation of a number of multi-apartment buildings will help revive the construction market, Nusret Ibrahimov, real estate expert, director general of the consulting company MBA Group, reported. He said that earlier, investors and construction companies couldn’t commission construction projects for…
Azerbaijan’s GDP in January amounted to almost 5.9 billion manats, up by 2.9% YoY, the State Statistics Committee reported. GDP per capita was 601.1 manats. The volume of GDP produced in the non-oil sector of Azerbaijan increased by 2.7%, while there was an increase of 3.2% in the oil and gas sector. In 2018, except…
In 2018, the transshipment of containers at the Baku International Sea Trade Port amounted to 22,886 TEU (twenty-foot equivalent unit) – about 3.8 million tons, up by 49% YoY. As for passenger traffic, its volume reached a 20-year record figure – 47,736 people (+44%). The cargo transshipment potential of the Baku port within the first…
Azerbaijan has simplified the procedure for connecting enterprises to the power grid, Elsever Rustamli, head of the Azerishig OJSC department for prospective development and work with the ASAN service, reported. Now, the procedure of connecting to the power grid for entrepreneurs takes 20 days and is carried out in two stages. “The first stage involves…
The “Friend of Small and Medium-sized Enterprises” (Friend of SMEs) of the Agency for the Development of SMEs under Azerbaijan’s Economy Ministry has started operating in Azerbaijan’s Gabala district. This is the first “Friend of the SMEs” in the Sheki-Zagatala economic region, which, along with the Gabala district, will provide services to entrepreneurs operating in…