Azerbaijan is one of the important countries for Northern Cyprus in the field of tourism development, Fikri Ataoglu, Cypriot minister of tourism and environment, said. Ataoglu is expected to visit Azerbaijan on November 29. Northern Cyprus’s potential for tourism will be presented as part of the visit. The minister will be accompanied by a delegation,…
Board of Directors of the Asian Infrastructure Investment Bank (AIIB) plans to consider the allocation of a loan worth $600 million for the Trans Anatolian Natural Gas Pipeline (TANAP) project in March 2017, the AIIB reported. The AIIB said that the loan would be allocated for the Southern Gas Corridor CJSC. Azerbaijan is one of…
The administration of Ho Chi Minh intends to draw Azerbaijani investments in infrastructure projects. Vietnam urges Azerbaijani investors to work over the subway construction project in Ho Chi Minh, as well as invest in tourism, information and communication technologies and services. The prospects of cooperation were discussed at the meeting of Azerbaijani ambassador to Vietnam…
Saipem Contracting Netherlands B.V. signed a 4-year contract with the Azerbaijani branch of the Lighthouse company in order to conduct survey work as part of the Shah Deniz Stage 2 project, Lighthouse said in a message posted on its website. “The two companies have signed a new revision of the existing frame agreement, which concerns…
Shareholders of Bashak Inam Insurance OJSC will discuss increasing the company’s authorized capital on December 22, the company said in a message. Currently, the authorized capital of Bashak Inam is 7 million Azerbaijani manats. Moreover, during the meeting, the shareholders will discuss changing the name of the insurance company and the results of the company’s…
Entrepreneurs of the United Arab Emirates (UAE) can use conditions created in Azerbaijan’s industrial parks, Azerbaijani Economy Minister Shahin Mustafayev said. Mustafayev made the remarks during his meeting with Majid Saif Al Ghurair, chairman of the Board of Dubai Chamber of Commerce and Industry, the Azerbaijani Economy Ministry said in a message. There is also…
Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance from the current 16% to 20% until 2020, Rauf Gurbanov, deputy head of department of economy and governmental programs at the State Agency on Alternative and Renewable Energy, said. Gurbanov noted that Azerbaijan had a great potential to…