The problem in the export of Azerbaijani wines to Russia has been solved, said Ministry of Economy. A delegation of the senior officials from the Ministry of Economy and the State Customs Committee of Azerbaijan was sent to Russia to promptly study the difficulties of some companies involved in the export of Azerbaijani wines to…
Fitch Ratings, an international rating agency, has noted improvement in the macroeconomic conditions in Azerbaijan, the agency said in a message. The message reads that in January-September the economy of Azerbaijan grew by 0.8% YoY, while the growth rate of non-oil GDP was 1%. Inflation fell sharply from 12.9% at the end of 2017 to…
In Azerbaijan, the production of machinery and equipment, cars, trailers and semi-trailers reached 241.1 million manat ($141.86 million), the State Statistics Committee said. Compared to the same period of the previous year, the production of cars increased 26.5-fold, machinery and equipment – by 17.7% and other vehicles – by 65.6%. As many as 1,220 tractors…
Azerbaijan will start exporting wine to Mongolia, Acting Director of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Yusif Abdullayev said at a briefing in Baku on November 14. Abdullayev added that wine was expected to be exported to Mongolia by the end of 2018 – in early 2019. “For the Mongolian market, Azerbaijani wines…
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…
In 2019 income of the population of Azerbaijan will increase by 9%, reaching 54.4 billion manats, which is a positive indicator, the Deputy Minister of Labor and Social Protection of the Population Idris Isayev said on November 8 at the meeting of the parliamentary committee on labor and social policy. He said next year the…
Pakistan is ready to supply the Azerbaijani army with the necessary products of the defense industry, the Federal Defense Production Minister of Pakistan Zubaida Jalal Khan announced at a meeting with Azerbaijani Ambassador to Pakistan Ali Alizade, the Embassy said in a message. During the meeting, the parties expressed satisfaction with the cooperation between Azerbaijan…