IDB allocated $1B loan to Azerbaijan so far
International conference on Investments in Azerbaijan has today kicked off in Baku.
11:57 08 December
SOCAR’s losses caused tariff changes - minister
During the discussion of state budget package for 2017 at the plenary meeting of the parliament, the minister Shahin Mustafayev said that the tariffs were differentiated due to the SOCAR’s losses: “We understand that Tariff Council’s decision is not so popular decision. 1,000 cubic meters of gas costs AZN 140. However, sale price of 1,000 cubic meters of gas makes up AZN 90. Therefore, it was impossible to keep the production at a certain level. Allocation of funds from the state budget was on the agenda. For gas production, repair works and transportation costs, it was decided to differentiate the tariffs. The tariffs will be applied from January 1, 2017 and the population will do payments on new tariffs in summer months. As finance minister Samir Sharifov said, it is planned to increase the amount of targeted social assistance for low-income families”.
18:34 07 December
Ambassador: Iran ready to do utmost to help settle Karabakh conflict
Baku. Malahat Najafova – APA. Interview with Iranian Ambassador to Azerbaijan Javad Jahangirzadeh
15:40 21 November
Infrastructure of road constructed by AzVirt in Serbia plundered
According to Cabinet of Ministers of Serbia, opening of Lyiq-Boljkovci-Takovo and Takovo-Prelina parts was held on November 7 with the participation of Azerbaijani Economic Minister Shahin Mustafayev and Serbian Prime Minister Aleksandar Vučić. Construction of abovementioned part of the highway was funded in accordance with the loan agreement signed between Azerbaijan and Serbia and contractor is AzVirt LLC.
10:32 17 November
Azerbaijan creates State Commission on improving operation of reservoirs
Baku – APA. Azerbaijani President Ilham Aliyev has signed an order on the creation of a State Commission for the improvement of the operation of reservoirs in the country.
13:53 14 November
President Ilham Aliyev attends opening of Fuzuli carpet factory
Baku - APA. The first branch of Azerkhalcha carpet company has opened in Fuzuli district.
17:21 12 November
Azerbaijani minister: Serbia can join TAP project
Baku. Vusal Nabiyev – APA-Economics. A delegation led by Azerbaijan’s Minister of Economy Shahin Mustafayev met with Serbian Deputy Prime Minister Aleksandar Vučić.
19:12 07 November
Minister: Azerbaijan invested over $1B in Russian economy
Baku. Ilkin Ahmadov – APA-Economics. In January-September 2016, the trade turnover between Azerbaijan and Russia increased. Currently, Russia ranks 3rd in Azerbaijan’s trade turnover, 1st in import, Minister of Economy Shahin Mustafayev said at the 7th Azerbaijani-Russian Regional Forum held in Baku.
12:06 01 November
Minister: Delay in BTK Project occurrs in Turkish side
Construction of Baku-Tbilis-Kars project depends not only on Azerbaijan and Georgia, but also on Turkey, Minister of Economy of Azerbaijan Shahin Mustafayev, who is on a visit to Georgia, said, APA’s Tbilisi bureau reports.
17:18 28 October
World Bank: Azerbaijan achieved highest result in eliminating poverty
Baku. Aqshin Rafiqoglu – APA-Economics. Minister of Economy Shahin Mustafayev on Thursday met with Mercy Tembon, the World Bank's (WB) Regional Director for the South Caucasus, and Naveed Hassan Naqvi, new head of the WB office in Azerbaijan.
19:39 20 October
UN welcomes establishment of National Coordination Council on Sustainable Development in Azerbaijan
Baku, Azerbaijan - The Office of the UN Resident Coordinator in Azerbaijan has made a statement welcoming the decree of the country’s president on establishment of the National Coordination Council on Sustainable Development, the UN Baku Office told APA on Monday.
13:02 10 October
Azerbaijan creates National Coordination Council on Sustainable Development
APA reports the Council aims to determine national priorities in accordance with global targets which attach importance for Azerbaijan by 2030 and their indicators, provide conformation of programs and strategies covering socio-economic spheres to the Sustainable Development Goals, as well as prepare annual reports on achievement of Sustainable Development Goals. The council may involve local and foreign experts, specialists, international organizations and scientific institutions, as well as create Working Groups on separate directions.
18:58 06 October
Azerbaijani gov’t discusses 2017 state budget
According to the press service of the Cabinet of Ministers, delivering keynote speech, Artur Rasizade said that the draft state budget for 2017 has been prepared on the basis of global financial and economic processes, achievements gained as a result of successful economic policy conducted by Azerbaijani President Ilham Aliyev. Moreover, factors such as improvement of material well being of the population, provision of defense and security of the state, especially support to non-oil sector have been taken into account while preparing the draft state budget.
18:31 22 September
Statement issued on visit of European Parliament’s delegation to Azerbaijan
Baku. Mubariz Aslanov – APA. Co-chairs of the EU-Azerbaijan Parliamentary Cooperation Committee Sajjad Karim and Samad Seyidov have signed the statement on the outcomes of the visit of European Parliament’s delegation to Azerbaijan.
18:31 21 September
Nursists detained in Azerbaijan transferred to minimum security facility
Baku. Shahriyar Alizade – APA. Two Nursists – Eldaniz Hajiyev and Ismail Mammadov, who were kept in the jail No.14, filed a petition to commute the type of correctional institution.
13:37 15 September
President Ilham Aliyev inaugurates Yalama Agropark
Minister of Economy Shahin Mustafayev informed the head of state of the work carried out in the agropark. He said that at the initial stage 20 million manats were invested in the establishment of the agropark, which occupied a total area of 523 hectares.
14:39 08 September
Car plant groundbreaking ceremony held in Azerbaijan’s Neftchala
Neftchala. Alibey Zeynalli – APA. A groundbreaking ceremony for construction of a joint Azerbaijani-Iranian car plant was today held in Azerbaijan’s Neftchala industrial quarter. The plant is a joint project of Azerbaijan’s AzEuroCar LLC and Iran’s giant automaker Iran Khodro.
15:26 06 August
Azerbaijan establishes Financial Stability Board
Baku – APA. Azerbaijan’s President Ilham Aliyev signed a decree July 15 on the establishment of a Financial Stability Board.
17:55 15 July
Azerbaijan, UN sign framework agreement
Baku. Yegane Lachinzade – APA-Economics. The ceremony for signing the UN-Azerbaijan framework agreement for 2016-2020 was held in Baku in July 12.
12:33 12 July
Ministry of Economy denies loan allocation of to Montenegro
Baku - APA-Economics. Allocation of loan by Azerbaijani government to Montenegro for construction of bridge over Verige Strait is not on the agenda, spokesperson for Ministry of Economy Abbas Aliyev told APA-Economics.
18:17 05 July