An auction for placement of mid-term state bonds worth 15 million manats ($8.8 million) of Ministry of Finance was held at Baku Stock Exchange (BSE) on November 26. The maturity period of the bonds is 1,092 days. During the auction 16 investors submitted 29 bids in the price range from 94.9 manats ($55.9) with a…
On November 25 the Port of Baku, Austrian OBB Rail Cargo Group and Cabooter Group (NL) signed an agreement to strengthen and expand the freight traffic from Europe to Central Asia and China via the Trans-Caspian International Transport Route (Middle Corridor). The Federal Minister of Transport, Innovation and Technology of Austria Andreas Reichhardt, and Ambassador…
Some 1,880 passenger cars were produced in Azerbaijan in January-October, up 3-fold YoY, the State Statistics Committee reported. The total value of cars, trailers and semi-trailers produced in Azerbaijan amounted to 79.3 million manats ($46.7 million), down by 18.3%. According to the committee, 27,825 passenger cars worth almost 380 million manats ($223.9 million) were imported…
The volume of trade exchange between Azerbaijan and its southern neighbor Iran increased by 30%, reaching $422.68 million, in January-October 2019 compared to the same period in 2018. In 10 months the volume of trade with Iran increased by $99.23 million. The volume of Azerbaijan’s exports to Iran amounted to $30.99 million, up by $8.7…
Dubai, the largest city in the United Arab Emirates, hosted the annual Dubai Air Show 2019 – one of the most prestigious and significant air shows in the world. More than 60 countries, represented by companies from different spheres of aviation, take part in it. Azerbaijan Airlines’ delegation headed by AZAL Vice-President Eldar Hajiyev took…
Azerbaijan intends to resume horsemeat export to Kazakhstan. Resumption of horsemeat exports to Kazakhstan will contribute to the growth of mutual trade turnover and development of trade and economic relations between two countries. Azerbaijan first started horsemeat exports in 2016 when 1,155 horses were exported abroad. In 2017 the figure increased 6.6-fold, to 7,619. Kazakhstan…
During the first 10 months of 2019 Azerbaijan exported 65,794 tons of cotton fiber and 10,309 tons of cotton yarn, the State Customs Committee (SCC) reported. According to the committee, over the reporting period the value of the exported cotton fiber exceeded $91.8 million, while the value of cotton yarn exports amounted to over $24.5…