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…
The Baku Stock Exchange held an auction on the placement of short-term notes of the Central Bank of Azerbaijan (CBA) on December 12. The Baku Stock Exchange raised 170 million manats ($100.2 million) from the Azerbaijani banks. The supply exceeded the demand 5.8-fold. 17 investors made 29 applications worth over 991.8 million manats ($584.5 million).…
A document has been signed between Turkey and Azerbaijan in order to further develop international car transportation between the two countries, Head of the Public Relations department of Azerbaijan’s State Road Transport Service Nurida Allahyarova has said. In connection with the fulfillment of the requirements of the bilateral agreement between the countries, a regular meeting…
To develop the route network and increase passenger traffic, Heydar Aliyev International Airport is carrying out large-scale work on attracting large passenger airlines and opening new destinations. The airport management is actively negotiating with international passenger airlines, which are capable to operate regular flights from different cities of the world to Baku. “As part of…
Azerbaijan and Russia have signed a program of cooperation in the agricultural sector for 2020-2022. On Azerbaijan’s behalf the document was signed by co-chair of the intergovernmental commission on economic cooperation between Azerbaijan and Russia, Deputy Prime Minister Shahin Mustafayev. On Russia’s behalf the document was signed by co-chair of the intergovernmental commission on economic…
In January-October the volume of paid services to the population in Baku increased by 2.3% YoY and amounted to 4.4 billion manats ($2.5 billion). Legal entities provided services to the population for 3 billion manats ($1.7 billion), which amounted to 67.3% of the total volume of services. The turnover of public catering in Baku grew…
As of November 30 currency reserves of the Central Bank of Azerbaijan (CBA) have increased by $69 million, compared to the figure at the end of October 2019. The reserves increased from $6.114 to $6.183 billion. Since the beginning of the year the CBA’s currency reserves have grown by 9.9%, from $5.6 billion. On an…