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…
Last year, Azerbaijan increased the sale of persimmon by 17.5% YoY, the Chairman of the Association of Producers and Exporters of Persimmon, Gadir Yusifov, reported. In 2017, Azerbaijan sold persimmons for a total amount of $97 million. In 2018, the cultivation reached $114 million, which indicated an increase of 17.5%. Azerbaijani persimmon is mainly exported…
The Board of the Central Bank of Azerbaijan (CBA) will consider the change in the discount rate and interest rate corridor. Presently, the discount rate is 9.75%. Earlier, the change was considered in December 2018. Then the CBA decided to keep the discount rate unchanged. The CBA justified its decision by uncertainty in foreign markets.…
In 2018, the trade turnover between Azerbaijan and Germany increased by 61% YoY, Azerbaijani Deputy Economy Minister Rufat Mammadov said at the eighth meeting of the Azerbaijani-German high-level working group in Baku. The deputy minister noted that relations between the two countries were developing positively. Mammadov noted that Azerbaijan’s share among Germany’s partners in the…
Belarusian OJSC “Holding management company “Belkommunmash”” will supply four electrobuses to Azerbaijan. The electrobuses will go for a test-drive on specially organized routes in Ganja city of Azerbaijan. “A joint assembly production will be set up at the Ganja Automobile Plant in the future. A cooperation agreement was signed during a visit of the Azerbaijani…