Azerbaijan receives export compensation appeals

Azerbaijan’s Economy Ministry has already received first appeals from entrepreneurs regarding the partly repayment of their expenses for products’ export, the country’s Economy Minister Shahin Mustafayev reported. “As is known, in accordance with the export support mechanism, Azerbaijani government will return part of the money spent by entrepreneurs on the organization of export supplies (compensation…

Azerbaijan and Dagestan agree to seek investors jointly

Azerbaijan and Russia’s Dagestan agreed to cooperate on development of foreign economic relations. A memorandum of cooperation was signed between Agency for Entrepreneurship and Investments of Dagestan Republic of Russia and Azerbaijan Export and Investments Promotion Foundation (AZPROMO) during the 7th Azerbaijani-Russian Interregional Forum in Baku. The memorandum was signed by Bashir Magomedov, head of…

Azerbaijan and Vietnam to develop joint projects

Vietnam offers Azerbaijan certain proposals for cooperation in energy, transportation, agriculture and commerce, the Azerbaijani ambassador to Vietnam Anar Imanov reported. “All these proposals will be considered during the first meeting of the Azerbaijan-Vietnam Intergovernmental Commission for Economic, Trade, Scientific and Technical Cooperation, planned to be held in the near future”, he said. Currently, a…

Kazakhstan: inflation hits 6.2% since early 2016

Inflation rate in Kazakhstan hit 6.2% in January-October, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 5.7%, non-food items’ prices have gone up by 7.6%, and paid services’ prices have increased by 5.4% since early 2016. Kazakhstan’s inflation rate over the 12 months ending in October amounted…