PASHA Bank intends to bring its loan portfolio to 2 billion manats by 2020, Taleh Kazimov, chairman of the Board of PASHA Bank, said at a press conference on May 1. He said that by the same period, it was planned to have increased the value of assets to 5.2 billion manats. Speaking about the…
The Association of Beekeepers of Azerbaijan will send an appeal to the Agriculture Ministry, according to the president of the association Badraddin Khasratov. The goal is to obtain organic certification for Azerbaijani honey. “The ministry should apply to the Cabinet of Ministers for this. After the receipt of the certificate of organic product, the entry…
Azerbaijan’s construction and production company Akkord has been declared the winner of the tender for the implementation of two infrastructure projects in Georgia with a total value of $59.5 million, the company said in a statement. The customer of both projects is the Road Department of the Ministry of regional development and infrastructure of Georgia,…
The start of production of cars at the joint Azerbaijani-Iranian factory in the Neftchala industrial zone may stabilize prices on the automotive market of Azerbaijan, General Director of MBA Group consulting company, expert in the field of valuation Nusret Ibrahimov declared. According to the expert, the main factor that can cause price stabilization will be…
Azerbaijan plans to begin exporting eggs to Russia and Iran, Executive Director of the National Entrepreneurship Support Fund (NFES) of Azerbaijan Shirzad Abdullayev said at a press conference. Abdullayev said that if in the past Azerbaijan could not completely provide itself with this product, now the local production was sufficient not only to ensure domestic…
The frequency of trains running on the Baku-Kiev railway route can be increased, Evgeny Kravtsov, acting chairman of the board of the Ukrainian Railways JSC, wrote on his Facebook page. He said that the issue could be considered in case of higher demand. “We hope that passengers will appreciate the convenience of this route. If…
Azerbaijan’s Bank BTB has created a BTB Kapital investment company. The authorized capital of the company is 350,000 manats. The official representative of the company is Rustam Jafarov. Presently, five investment companies with a total turnover of 4.3 billion manats operate in Azerbaijan. Bank BTB has been operating in Azerbaijan since 2010. (Trend/Business World Magazine)