The Baku International Sea Trade Port (Port of Baku) aims to become the most environmentally friendly port in the region, the port’s Director General Taleh Ziyadov declared. “Today, modern ports are built with such infrastructure and state-of-the-art technologies that are less harmful to environment,” noted Ziyadov. “By achieving Green Port status, the Port of Baku…
Four bridges have been constructed in Azerbaijani Agstafa district, Azeravtoyol OJSC reported. Three bridges were built on the Agstafa-Poylu-Georgian state border highway and one bridge on the Agstafa-Poylu-Duzgishlag-Gazakh highway to ensure comfortable and safe movement of the citizens. New bridges were built across Agstafachay, Ajiderechay and Kura rivers, as well as over the railway. The…
The European Bank for Reconstruction and Development (EBRD) expects Azerbaijan’s economy to grow by 2% in 2018, according to an updated Regional Economic Prospects report published on November 7. The bank’s analysts noted that the start of gas production within the second stage of development of the Shah Deniz gas condensate field would support the…
Azerbaijan’s power plants generated 18.3 billion kilowatt hours of electricity in January-October, as compared to 18.4 billion kilowatt hours in the same period of 2016, says a message of Azerenergy JSC. Azerenergy JSC generates, transmits, distributes, and supplies electric and heat energy by using thermal and hydro resources in Azerbaijan. According to the message, more…
The European Union (EU) and Azerbaijan must focus on the expansion of agricultural trade volume, head of the EU Delegation to Azerbaijan Kestutis Jankauskas said. He said that despite EU being the main trade partner of Azerbaijan, the trade turnover volume in agricultural sector was low. “Export of agricultural products from Azerbaijan to the EU…
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on November 6 to raise funds, the CBA said on November 2. CBA is ready to receive 100 million Azerbaijani manats from banks, with interest rate on deposits varying from 10.01% to 14.99%. The auction will be held on the Bloomberg trading platform. The…
Ziraat Bank will contribute to the development of relations between two brotherly countries – Turkey and Azerbaijan, Ziraat Bank CEO Huseyin Aydin has said at the opening of the bank’s new head office in Baku. He noted that Ziraat Bank came to Azerbaijan to help the development of the country’s financial sector. “With the growing…