As many as 50 inspections of business activities were carried out in Azerbaijan in January-September, while the figure was 50,000 for the first nine months of last year, the country’s Economy Minister Shahin Mustafayev reported. “Recently, Azerbaijan’s President Ilham Aliyev has taken very significant steps to promote entrepreneurship, support local production and promote non-oil exports”,…
Azerbaijan and Iraq have discussed opportunities for carrying out regular passenger and cargo flights. The discussion took place as a delegation of Iraqi aviation administration visited Azerbaijan State Civil Aviation Administration. The delegation also familiarized themselves with the activity of the Heydar Aliyev International Airport. (Azertac/Business World Magazine)
Alternative and renewable energy sources won’t be able to completely replace the traditional ones, Azerbaijan’s Energy Minister Natig Aliyev said, according to the message of the country’s Ministry of Energy. “Despite the work done in this sphere, the share of renewable energy on Azerbaijan’s energy balance is not so high for now, and it’s necessary…
As many as 62 projects by Azerbaijan’s entrepreneurs have received an investment promotion document worth 787 million manats since April, the country’s Economy Minister Shahin Mustafayev said. The minister said that currently nine projects worth 55 million manats were also being considered. “The implementation of these projects will make it possible to open over 5,000…
Azerbaijan’s oil supply is anticipated to average 0.87 million barrels per day, unchanged from the previous report, indicating minor growth of 10,000 barrels in 2016, OPEC said in its monthly oil market report. Azerbaijan’s crude oil output in August decreased by 30,000 barrels per day to average 0.86 million barrels per day, said the report.…
The EU Special Representative for the South Caucasus Herbert Salber will visit Azerbaijan in late October, Salber’s press service reported. Salber will hold a number of official meetings, at which the sides will discuss bilateral relations. It is also expected to discuss the situation around the Nagorno-Karabakh conflict. The conflict between the two South Caucasus…
As many as 73 state enterprises and facilities will be put up at the auction for the privatization of the State Property Issues Committee of Azerbaijan on November 15, the message of the committee said. The enterprises to be put up for privatization operate in the fields of cotton growing, agricultural chemistry, transport, construction and…