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Tag Archives: Azerbaijan

Sector that Attracts Investors in Azerbaijan

Investors in Azerbaijan working in the stock market are more interested in debt instruments, deputy director of Azerbaijan’s investment company InvestAZ Orkhan Bagirov told Trend. He said that nevertheless, in Azerbaijan, bank deposits are preferred more often than, for example, bonds. “If we can reduce the risk of liquidity, it will …

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New Airport to be Constructed in Azerbaijan

Availability of airports in various parts of the country demonstrates the development of Azerbaijani regions and their popularity for tourism and business trips. Airports of Azerbaijan make an unforgettable impression on all tourists arriving to the Land of Fire, and smoothly serve millions of passengers, every day taking dozens of flights from many …

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Gas Supply from Azerbaijan to Georgia may Increase by 11% in 2019

Gas supply from Azerbaijan to Georgia may increase by 11 percent in 2019, Azerbaijan’s state oil company SOCAR told Trend. “SOCAR Georgia Gas LLC has imported around 500 million cubic meters of natural gas to Georgia from early 2019 to late February this year. The company plans to directly supply …

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Azerbaijan Doubles Import of Georgian Wine

January saw a growth in the import of Georgian wines. Azerbaijan imported 5,790 bottles of wine from Georgia in early 2019, the National Wine Agency of Georgia told Report. This is a two-fold increase compared to January 2018. Last month, Georgia exported 6.25 million bottles of wine to 24 countries, which is 22 …

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EBRD is Ready to Invest in Climate Finance Projects in Azerbaijan

The European Bank for Reconstruction and Development (EBRD) would like to invest in climate finance projects in Azerbaijan, Head of EBRD Baku office Ivana Duarte told Trend. Duarte noted that EBRD will be ready to look at bankable projects across a variety of sectors with focus on diversification of economy. …

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World Bank Forecasts Azerbaijan’s Economy Growth Coming Year

The World Bank (WB) forecasts Azerbaijan’s economy growth at 3.6 percent in 2019, Trend reports with reference to the “Global Economic Prospects” report by the WB. According to the report, this figure will be 3.3 percent in 2020 and 2.7 percent in 2021. Growth rates in the Europe and Central …

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Azerbaijan Increases Wine Imports from Georgia

Azerbaijan has increased import of Georgian wine, having acquired 197,724 bottles of wine last year, the Georgian National Wine Agency reported. In annual comparison, wine import from a neighboring country grew by 40 percent. In 2018, Georgia exported 86.2 million bottles of wine to 53 countries, that is 13 percent more …

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Georgia’s Approach to Gas Market Set to change

Georgia is getting ready to reform its gas market by putting in new energy legislation. The demand for natural gas is increasing each year and Georgia’s gas contracts are expiring. Geopolitics make Georgia’s energy security even more vulnerable, given that the country doesn’t have enough local gas resources to satisfy …

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Georgia and Azerbaijan to Open Joint Enterprises

According to the Head of Government, the meetings in Baku discussed joint projects poised to boost the economic relations between Georgia and Azerbaijan. “As you know, free trade is in force between our countries, though there are some flaws. We must expand the framework of our free trade with Azerbaijan …

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We Need to make Additional Efforts to Increase Trade Turnover

“Georgia and Azerbaijan are strategic partners. Our kind neighboring and friendly relations have been exemplary throughout centuries” stated Mamuka Baktadze, Prime Minister of Georgia at a face to face meeting with Ilham Aliyev, President of the Republic of Azerbaijan in Baku today. Host leader expressed his gratitude to the Georgian …

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