Business & Economics
China Seeks to Join JV With Azerbaijani, Kazakh, Georgian Railways to Develop Trans-Caspian Route
Interfax.ru. China has announced plans to join Middle Corridor Multimodal Ltd., a joint venture formed by the railway operators of Kazakhstan, Azerbaijan and Georgia to develop a multimodal service on the Trans-Caspian International Transport Route (TITR). The announcement was made
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Share of Azerbaijan-Russia Settlements in National Currencies Growing – Aliyev
The share of national currencies in settlements between Azerbaijan and Russia has been growing, Azerbaijani President Ilham Aliyev said. “Of course, there was an increase in trade last year and this year. It demonstrates that our economies actively cooperate. It
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SOCAR, VNG Sign Memorandum on Gas, Renewable Energy
State Oil Company of the Azerbaijani Republic (SOCAR) and Germany’s Verbundnetz Gas Agbo (VNG) have agreed to increase cooperation in natural gas and renewable energy, SOCAR said in a statement. “SOCAR and VNG signed a memorandum of understanding in the
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ADNOC Opens Branch in Azerbaijan
Abu Dhabi National Oil Company (ADNOC) has opened a branch in Azerbaijan. A branch of ADNOC, International Project Co. 1 RSC Limited, was registered on March 5, 2024, the State Tax Service of Azerbaijan told Interfax. ADNOC (UAE) completed the
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Baku Energy Week: Important Event in Region’s Energy Sector
The Baku Energy Week, a significant event in the region’s energy sector, will be held on June 4-6. It encompasses three prestigious events: the 29th International Caspian Oil and Gas Exhibition – Caspian Oil&Gas, the 12th Caspian International Energy and
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Green energies offer new opportunities for Azerbaijan and an example to follow: Denmark
By Dr Carsten Sander Christensen Renewable energy is a collective term for bioenergy, wind energy, solar energy, wave power, geothermal energy, hydrology and other technologies that differ from coal and other fossil fuels by, among other things, being CO2 neutral.
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Ilham Aliyev Inaugurated Zangilan And Shayifli Hydroelectric Power Plants
President of the Republic of Azerbaijan Ilham Aliyev participated in the inauguration of the “Zangilan” and “Shayifli” hydroelectric power plants operated by the AzerEnerji OJSC. President of AzerEnerji, Baba Rzayev, provided an update on the completed work. In line with
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Azerbaijan’s Bank Respublika Raises MSME Loan of 10 million Euros from EIB Global
Azerbaijan’s Bank Respublika has raised a loan of 10 million euros from EIB Global, a member of the European Investment Bank group, to support micro, small and medium-sized enterprises (MSMEs) in Azerbaijan. Bank Respublika said in a press release that
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Inflation in Azerbaijan in March is 0.2%, Annual Inflation Reaches 0.4%
Monthly inflation in Azerbaijan in March 2024 was 0.2% versus 0.6% in February, the State Statistics Committee told Interfax. “Inflation in Azerbaijan in March totaled 0.2%. Meanwhile, prices for food products, drinks and tobacco increased 0.4% and services increased in
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BGP Will Positive Impact to Development of Baku Tourism Destination
Appropriate conditions for development of different types of tourism will be created in Baku according to BGP. Tourism is rightly considered as one of the most important field of non-oil sector of national economy. Baku is speedy developing tourism destination.
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