The Ganja automobile plant and the Minsk tractor plant may extend the contract for production of the “Belarus” tractors in Azerbaijan until the end of 2018, director of the Ganja automobile plant Kamran Nazarov declared. He noted that the Ganja automobile plant took part in the international exhibition Belagro 2018 in Minsk. Nazarov said at…
Azerbaijan needs to increase the yield of pomegranate, Vice-President of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Yusif Abdullayev said at an event on June 4. “There is a potential in this area. For example, in Israel, pomegranate is grown on the territory of just 200 hectares, and the yield is more than 60,000…
Azerbaijan may introduce a unified tax on salary, Taxes Minister Mikayil Jabbarov said. This issue is being discussed as part of amendments to Azerbaijan’s Tax Code, he added. “This issue is very important for all taxpayers,” Jabbarov said. “This step is aimed at reducing the tax burden and facilitating the taxation of salaries. The unified…
A delegation of the China Export & Credit Insurance Corporation (Sinosure), headed by Executive Director Wang Yi, held a business meeting in the International Bank of Azerbaijan (IBA), the bank said in a message. As part of the meeting, Abbas Ibrahimov, acting chairman of the IBA board, spoke about the IBA’s activities, its role in…
By 2019 Azerbaijan plans to have eliminated dependence on imported butter almost completely, Samir Eyyubov, Chairman at Azerbaijan Milk and Dairy Producers and Export Association, declared. “Azerbaijan is heavily dependent on the import of butter. The state intends to resolve this issue. To this end, until the middle of 2019, two new enterprises will be…
The digitalization of the banking sector in Azerbaijan is inevitable, Ibrahim Alyshov, Chief Executive Officer of the Financial Markets Supervision Chamber, said on May 17. He noted that this goal was one of the priorities in the Strategic Roadmap for the Development of the Financial Market. “The digitalization of the country’s banking market is one…
Azerbaijan’s cargo airline Silk Way West Airlines has purchased two additional Boeing 747-400 aircraft, as well as expanded its flights in European direction. Last week the Azerbaijani airline received one cargo 747-400F, previously owned by Malaysian Airlines, and the second one will be brought in June. Silk Way West also began in April to fly…