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…
Azerbaijani President Ilham Aliyev has signed an order regarding measures to renovate roads in Khirdalan city. Under the presidential order, 3 million manats are allocated to the Azerbaijan Highway State Agency for renovation of the roads in Nizami, Haji Zeynalabdin Tagiyev, Sattar Bahlulzade and Galubiyya streets in Khirdalan city. (AzerNews/Business World Magazine)
Poland and France have joined the list of countries that import Azerbaijan’s most famous fruit – pomegranates, Chairman of the Association of Producers and Exporters of Pomegranate Farhad Garashov has said. “This year we have access to two new markets – Poland and France. In the regions, trainings are regularly held with the participation of…
The first meeting of the commission created upon the Azerbaijani president’s order on “Measures of implementing pilot projects in the field of using renewable energy sources” dated December 5 has been held at the Ministry of Energy. Chairman of the commission, Minister of Energy Parviz Shahbazov stressed that the goal of the ministry was to…