Iranian companies will be able to use the Pirallahi Industrial Park, which will specialize in pharmacy, Azerbaijan’s Minister of Economy Shahin Mustafayev said. He made the remarks during the meeting with the Iranian Ambassador to Azerbaijan Mohsen Pak Ayeen, said the country’s Economy Ministry. The meeting was held in connection with completion of Pak Ayeen’s…
A delegation of the European Bank for Reconstruction and Development (EBRD), headed by Bruno Balvanera, director for the South Caucasus, Moldova and Belarus, arrived in Baku. Balvanera introduced Ivana Duarte, the new head of the bank’s Baku office, to the Azerbaijani government. The EBRD delegation was received by Shahin Mustafayev, Azerbaijani economy minister, as part…
The 13th session of the Kazakh-Azerbaijani intergovernmental commission on economic cooperation will be held in Astana on September 21-22, the Kazakh embassy in Baku said in a message. The Azerbaijani delegation will be headed by Natig Aliyev, energy minister, co-chairman of the intergovernmental commission. “The sides will discuss a wide range of bilateral issues relating…
Ambassador Extraordinary and Plenipotentiary of the United States of Mexico to the Republic of Azerbaijan Rodrigo Labardini has received Caspian Energy’s delegation headed by President and Editor-in-Chief of the Caspian Energy International Media Group Natalya Aliyeva. During the meeting the sides discussed possibilities of expansion of contacts on the informational level within the Caspian European…
Turkmenistan’s President Gurbanguly Berdimuhamedov has named the main vectors of the country’s socio-economic development which will be taken into account in the draft 2017 state budget. The president noted that the country would continue the reforms on the integrated diversified economic development. These reforms envisage the implementation of major investment projects of international and regional…
The Executive Board of the International Monetary Fund (IMF) completed the second review of Ukraine’s implementation of an economic program backed by the Extended Fund Facility and approved of the disbursement of a third tranche worth SDR 716.11 million, or about $1 billion, the IMF said in a statement. “This brings total disbursements under the…
The International Monetary Fund (IMF) has improved the inflation outlook in Azerbaijan for 2016 and 2017 to 10.2% and 8.5%, respectively, the fund’s report said. Earlier in April, the IMF expected inflation in Azerbaijan at the level of 12.8% for 2016 and at 9.5% for 2017. The IMF also expects inflation in Azerbaijan to decline…