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…
The Azerbaijani government will take all necessary measures to prevent intended increase in prices after increase of the minimum wage, Abulfat Maharramov, director of the labor policy department of the Ministry of Labor and Social Protection of Population of Azerbaijan, declared. Maharramov said the National Confederation of Entrepreneurs would be given relevant instructions to prevent…
An Azerbaijani winemaking company Aspi Agro LLC, operating in the country’s Gabala district, plans to expand its export geography. The company plans to export its products to neighboring Turkey. “We plan to export “Savalan” wines to the new market. This brand is very popular in Azerbaijan, and is in great demand. Today we export alcoholic…
Azerbaijan’s AzerMash company together with the automobile company Iran Khodro Industrial Group (IKCO) have launched the production of Peugeot cars under the Khazar brand on the basis of the Neftchala Industrial Site, spokesperson for AzerMash company Gunay Namidar reported. “Several Peugeot cars have been already produced,” she added. “The cars have been equipped with an…
Azerbaijani alcohol manufacturer “Goygol Wine Plant” OJSC will broaden its range of exports, the company reported. Exports to Europe are expected to begin this year. “We have received several proposals to date, and this year we will supply our wines to the European market. We are planning to increase the production capacity of the enterprise…
January saw a growth in the import of Georgian wines. Azerbaijan imported 5,790 bottles of wine from Georgia in early 2019, the National Wine Agency of Georgia told Report. This is a two-fold increase compared to January 2018. Last month, Georgia exported 6.25 million bottles of wine to 24 countries, up by 22% YoY. During…
Azerbaijan is preparing rules for switching to electronic cash registers, a source close to the project reported. All work in this direction will be coordinated by the ministry of the country. “After the rules have been prepared and criteria determined, it will become clear when and how the transition to electronic cash registers will be…