Azerbaijan: second Wine House opens in China

Azerbaijan’s second Wine House in China has opened in Shanghai, Azerbaijan’s Economy Ministry said in a message. Azerbaijan’s Wine House located in Shanghai Waigaoqiao Free Trade Zone, which is the International Trading Operation Center (ITOC) of Shanghai, will host exhibitions, wholesale and retail sales, as well as product tasting. In Azerbaijan’s Wine House, there are…

Azerbaijan: tea to be exported to Turkey

An agreement has been reached between Farma-Shah LLC (Azerbaijan) and a Turkish company on the export of Azerbaijani tea to Turkey, the Ministry of Economy said in a statement on November 6. Also, the negotiations on the export of raw materials used as an additive in cement production have been held between Nakhchivan Cement Plant…

Azerbaijan: unemployment rate to drop

By 2030 there are plans to reduce the unemployment rate to 4% in Azerbaijan, as well as to bring the unemployment rate among women and youth to a minimum, according to the Employment Strategy of Azerbaijan for 2019-2030. The unemployment rate in Azerbaijan in 2017 was 5%, the unemployment among women was 5.9%, among young…

Azerbaijan: pomegranates to be exported to EU

Azerbaijan may export pomegranates to four EU countries – Germany, France, Latvia and Poland. This was stated by secretary of the Association of Manufacturers and Exporters of Pomegranate Shahin Hasanli. Negotiations are underway in this direction, the conclusion of contracts is expected, he stressed. The representative of the association noted that this year the growth…

Azerbaijan: transparency in economy expanding

Transparency and accountability are the basis for stable and rapidly developing economy, Chairman of the Azerbaijan Chamber of Auditors Vahid Novruzov declared. Novruzov stressed that Azerbaijani President Ilham Aliyev paid special attention to ensuring transparency in the economy. “This is not coincidence because world practice shows that only transparent economy can be sustainable, develop rapidly…

Azerbaijan: honey in demand in Arab countries

Beekeeping, perhaps one of the most environmentally friendly types of agriculture, is vibrant and flourishing in Azerbaijan, and the industry almost doubled over the last eight years. Recent researches show that the products of the beekeeping industry have a significant demand both inside the country and abroad. Thus, head of the public relations and information…

Azerbaijan: Heydar Aliyev Airport among world’s 14 most beautiful airports

Heydar Aliyev International Airport, located in Baku, is among 14 most beautiful airports in the world, according to the rating made by Curbed, an American real-estate blog network. “Located in the capital of Azerbaijan, the Heydar Aliyev International Airport terminal features giant wooden cocoons designed by Turkish architecture studio Autoban,” said Curbed. “Light streams in…

Azerbaijan: EBRD sells stake in cement plant

The European Bank for Reconstruction and Development (EBRD) has sold its stake in Holcim Azerbaijan (Garadagh Cement Plant) to one of the shareholders, spokesman for EBRD, Anton Usov, declared. The EBRD shares in Holcim Azerbaijan (10%) was sold to LafargeHolcim, he added. Usov refused to disclose the amount of the deal, mentioning the confidentiality of…

Azerbaijan: draft state and consolidated budgets for 2019 submitted to president

Draft state, consolidated budgets of Azerbaijan for 2019 and indicators of the consolidated budget for the next three years have been submitted to Azerbaijani President Ilham Aliyev. The corresponding decision, published on September 26 in the newspaper “Khalg Gazeti”, was signed by Azerbaijani Prime Minister Novruz Mammadov. Also, the “Concept and Indicators of Azerbaijan’s Economic…