Azerbaijan and Saudi Arabia will discuss expansion of cooperation in the field of energy, agriculture and the IT sector, Azerbaijan’s Finance Ministry reported. These issues will be included in the agenda of the meeting of the fifth joint intergovernmental commission of the two countries to be held on March 4. The parties will also discuss…
In the second half of this year, construction materials plant Gobustone LLC in Garadagh district plans to expand the geography of exporting bricks and cellular concrete blocks, intended for construction of big facilities and residential areas, a source familiar with the matter reported. The company plans to begin exports to Russia, according to the source.…
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…