In an auction held on December 6, by Azerbaijan’s State Committee on Property Issues, 12 state properties were sold as part of a new privatization program. The privatized properties are located in Baku, Shirvan, Sabirabad and Saatli. There are 5 vehicles among the privatized properties. The next auction, to be held on December 13, will…
Fitch Ratings has assigned Armenian capital city of Yerevan Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) of “B+” and a Short-Term Foreign Currency IDR of “B”. The Outlooks on the Long-Term IDRs are Stable. The ratings reflect Yerevan’s status as Armenia’s capital, satisfactory budgetary performance, supported by steady transfers from the central government,…
The Belarusian-American forum of small and medium-sized businesses will be held in Philadelphia in the first half of 2017. This matter was discussed during the Eurasian-American Technology Entrepreneurship Conference in Philadelphia, the press service of the Ministry of Foreign Affairs of Belarus reported. Senior counselor of the Belarusian Embassy in the United States Sergei Nagorny…
In spite of slow non-life insurance market growth in Latvia, which had reached a mere 6% in the first three quarters, BALTA insurance association concluded the first nine months of 2016 with profits of EUR 3.2 million. According to the company’s representatives, the company’s growth has reached 14% in comparison with the same period of…
Azerbaijan and Pakistan have agreed on the main areas of bilateral economic cooperation, Khurram Dastgir Khan, Pakistan’s federal minister for commerce, reported. “We have agreed on three main areas to work in. The first area is the creation of a joint working group to review the issue of preferential trade between our countries”, the minister…
Azerbaijan’s Azre reinsurance company has sent a delegate to Iran to explore the market in hope of future cooperation. “We started cooperating with Iran two years ago. The cooperation is quite successful and we are participating in several treaties in Iran. So far I think we have signed more than eight or nine contracts”, Azre…
Azerbaijan is ready to create necessary working conditions for Pakistani companies in the country, Shahin Mustafayev, Azerbaijani minister of economy, said. “Pakistani companies show interest in activity in such fields in Azerbaijan as industry, production of agricultural equipment, accumulators, as well as pharmaceutics”, the minister said. He added that pharmaceutics was of special interest for…