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…
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…