In January-August the import volumes of wheat to Azerbaijan totaled 953.6 thousand tons, up by 1.8% YoY, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics figures, the general cost of imported wheat to the country totaled nearly $179 million (down by 17.2%). Also, in the reporting period Azerbaijan imported…
Ukraine’s biggest pharmaceutical company Indar plans to build a medicine plant in Azerbaijan, Ukrainian Ambassador to Azerbaijan Alexander Mishchenko said. He made the remarks on October 20,during a tourism forum in Baku. Mishchenko noted that the company was in negotiations in Azerbaijan and the share in the enterprise would be divided 50-50. (Trend/Business World Magazine)
Joint construction of new power plants by Azerbaijan and Iran will enhance energy stability and export potential of Nakhchivan Autonomous Republic, Etibar Pirverdiyev, head of Azerenergy OJSC, the largest electrical power producer in Azerbaijan, reported. Pirverdiyev said that it was necessary to begin implementation of this project as soon as possible. “This project is very…
BP on behalf of its co-venturers in the projects that it operates – the Azeri-Chirag-Gunashli (ACG), Shah Deniz, Baku-Tbilisi-Ceyhan (BTC) oil export pipeline and the South Caucasus Pipeline projects, – has announced its support for the establishment of the first big data, data sciences Instruction and research center in Azerbaijan. The project is part of…
In January-September Azerbaijan increased export of agricultural products by 31.9% YoY, the country’s Deputy Minister of Agriculture Seyfaddin Talibov said. He said that about 90% of agricultural products of Azerbaijan was exported to Russia. “We hold 11th place among exporters of agricultural products to Russia”, Talibov said. “2.7% of Russian imports of fruit and 3.5%…
Entrepreneurs will be able to take part in at least 5 international exhibitions in 2017 through the line of Azerbaijan’s Economy Ministry, the country’s Economy Minister Shahin Mustafayev said. Mustafayev said that in 2017, Azerbaijani businessmen would be able to showcase their products at exhibitions in Dubai (UAE), Moscow (Russia), Habsburg (Switzerland) and Dusseldorf (Germany).…
Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance to 20% by 2020, Head of Azerbaijan’s State Agency for Alternative and Renewable Energy Akim Badalov said. He said that currently the share of alternative energy in Azerbaijan was 16%. “By 2020, we plan to increase this figure…