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…
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…
In 2018 the volume of money supply in the economy of Azerbaijan has grown by more than 8%, Elman Rustamov, the Chairman of the Central Bank, said at a meeting with members of the American Chamber of Commerce in Azerbaijan (AMCHAM). Rustamov noted that despite the fairly large liquidity in the banking sector, there were…
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…
In the first nine months of 2018 the trade balance surplus in Azerbaijan was 19% of the GDP, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at a press conference in Baku on October 30. Rustamov stressed that export of the non-oil goods in January-September increased by 13% YoY. Moreover, he stressed…