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…
In order to review prospects of bilateral cooperation in maritime sector, Ambassador of Mexico Rodrigo Labardini has met with Director of Azerbaijan’s State Maritime Agency Gudrat Gurbanov. Welcoming the ambassador, the director spoke about agency’s functions, its bilateral and multilateral links. Also, he underlined agency’s activity within the International Maritime Organization (IMO). In this regard,…
Budgetary allocations in the military industry will grow by 122% in 2020, Hakob Arshakyan, Minister of High-tech Industry, declared. “Out of the AMD 12.5 billion ($26.3 million) to be allocated to the Ministry of High-tech Industry, AMD 6.3 billion ($13.3 million) will be spent on military industry,” Arshakyan said. Some of the expenses, the minister…
Minister of Labor and Social Protection of the Population Sahil Babayev has said that average monthly wages will be increased by 14% in 2019. “We expect that the average monthly wage growth in 2019 will be 14%. There are good prerequisites for this. The salary fund grew by 34% over 10 months, and the median…
Georgia’s external trade turnover amounted to $10.37 billion in January-October, up by 0.5% YoY, according to preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports increased by 10.4% and reached $3.04 billion, while imports decreased by 3.1%, amounting to $7.33 billion. The trade deficit of Georgia in January-October amounted to…
In September the foreign trade turnover of Latvia amounted to EUR 2.44 billion, which at current prices was 1.6% less than a year ago, of which the exports value of goods was 2.5% higher, but imports value of goods was 4.6% lower. In September Latvia exported goods in the amount of EUR 1.09 billion, but…
Azerbaijan has invested about $350 million in the UAE economy, Azerbaijani Minister of Economy Mikayil Jabbarov said. Jabbarov made the remark at the fourth meeting of the Azerbaijan-UAE Joint Intergovernmental Commission on Economic, Trade and Technical Cooperation in Baku. “Some $2.2 billion were invested in the Azerbaijani economy by the UAE, of which $900 million…