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…
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…
Currency reserves of the Central Bank of Azerbaijan (CBA) amounted to $5,534.5 million at the end of September 2018, up by $367 million or by 7.1% YoY, according to statistical data posted on the CBA website. CBA’s reserves increased by $31 million during September, while since early 2018 the figure has increased by $199.9 million.…
Nakhchivan Automobile Plant is implementing a project for production of electric cars, which, along with being cost-effective, are environmentally friendly, Director of the Nakhchivan Automobile Plant Musa Abdullayev reported on October 3. At the same time, the plant ordered ambulances based on a LIFAN commercial minivan and the first models would be assembled in early…
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…
As of October 1, assets of the Azerbaijani Armed Forces Relief Fund was more than 94 million manats, over $213,577, 12,436 euros, and 5,000 Russian rubles, the press service of Azerbaijan’s Defense Ministry said in a message. The Armed Forces Relief Fund was created by a presidential decree on August 17, 2002. The Fund is…
Work on the reconstruction of the Baku-Yalama railway is scheduled to begin in 2019, the chairman of the Azerbaijan Railways CJSC, Javid Gurbanov announced. “Tender documents will be signed soon. The length of the railway is about 200 kilometers. Also, work is underway to move the 313 kilometers-long Baku-Astara railway, a part of which lies…