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…
A group of representatives of the Azerbaijani ‘Silk Road’ Public Union for Promotion of Development of Entrepreneurship, Indonesia’s Ambassador to Azerbaijan Husnan Bey Fananie and a number of the embassy employees were on a visit to Indonesia. The delegation visited Jakarta to attend the Trade Expo Indonesia 2016. Azerbaijani entrepreneurs were also holding meetings in…
Investors who put their funds in Azerbaijan in accordance with the Build-Operate-Transfer (BOT) model have been exempt from the state duties. The corresponding amendments to the law “On state duty” were approved by Azerbaijani MPs at the plenary session of the country’s parliament October 14. In accordance with the BOT model provided by the law…