The volume of trade turnover between Azerbaijan and Kyrgyzstan increased by 55% YoY during the first half of 2020, the National Statistical Committee reported. According to the statement, the volume of trade turnover amounted to $3.5 million during the reporting period. The volume of export amounted to $2.7 million, while import – to 0.8 million.…
Railway transport, in particular when using containers, is currently the safest and most stable way for goods transportation between Azerbaijan and Kazakhstan, a representative of the Ministry of Trade and Integration has reported. The ministry official said that normally cargo transportation between Kazakhstan and Azerbaijan was carried out by all types of transport on the…
Azerbaijan’s EVRASCON (Euro-Asian Construction Corporation) company has won the construction tender in Kyiv’s road transportation sector. As a result of the tender, EVRASCON will oversee the construction of traffic interchanges on the M-05 Kyiv-Odessa and M-06 Kyiv-Chop roads. The interchanges will be built on three sites. The construction of interchanges will ensure the unloading of…
Investments made in Azerbaijan’s regions exceeded 8 billion manats ($4.7 billion) in 2019, Economy Minister Mikayil Jabbarov said, while summing up the results of the first year of implementation of “The State Program on socio-economic development of the regions of Azerbaijan in 2019-2023”. “In 2019, 7.2 billion manats were allocated for the implementation of “The…
The areas allocated for cotton cultivation will amount to 105,000 hectares in 2020, Azerbaijan’s Agriculture Minister Inam Karimov said. According to the new subsidization mechanism, that will come into force in 2020, some 220 manats ($129) will be issued to farmers for every hectare of sown cotton, and 100 manats ($58) for each ton of…
The VTB Bank Azerbaijan management’s forecast assumes the profit worth 6 million manats ($3 million) at the end of 2019, Chairman of the Management Board of VTB Bank Azerbaijan Yevgeniy Kirin declared speaking about the bank’s plans for profit for 2019. Kirin made the remarks at the press conference in Baku on December 19. “At…
In the first nine months of 2019 the volume of agricultural production increased by 7.1% YoY in Azerbaijan, Agriculture Minister Inam Karimov said at the conference on the theme “Cooperation with NGOs in the field of social services”. According to the minister, the share of value added in GDP in agriculture, forestry and fisheries amounted…