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Tag Archives: Azerbaijan

Mehriban Aliyeva Appointed as Azerbaijani First Vice-president

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President of the Heydar Aliyev Foundation, UNESCO and ISESCO Goodwill Ambassador, MP Mehriban Aliyeva was appointed First Vice-President of the Republic of Azerbaijan by President Ilham Aliyev`s order Feb. 21. Until her appointment, Aliyeva led a charitable foundation to promote the political legacy of her father-in-law by sponsoring music and …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Azerbaijan economy up 0.8% y/y in 1M17 In 1M17 real GDP increased 0.8% y/y, compared to the 3.3% y/y contraction recorded in 1M16. Non-oil GDP was up 1.5% y/y, compared to the 3.7% y/y decline in …

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Azerbaijan Was the Main Electricity Importer in January

Azerbaijan Was the Main Electricity Importer in January

Georgia has acquired electricity of 172, 3 million kwh from Azerbaijan in January, which already exceeds total import of previous 12 months (109, 77 mln). However, import from Russia has made up 6, 7 million kwh. Georgia has exported electricity of 0, 997 kwh in the same month. The transit …

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Turkey, Georgia, Azerbaijan Plan to Increase Turnover to $20B

Turkey, Georgia, Azerbaijan Plan to Increase Turnover to $20B

Turkey, Georgia and Azerbaijan plan to increase the volume of mutual trade up to $20 billion, said Turkey’s Deputy Economy Minister Fatih Metin at the 5th Turkey-Azerbaijan-Georgia business forum in Istanbul Feb. 17. Metin said that a business forum in such a format is important not only for the development …

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Tegeta Motors: We See Great Potentials on Azerbaijan Market

Tegeta Motors: We See Great Potentials on Azerbaijan Market

Tegeta Motors entered Azerbaijan market. The company, largest service provider in Georgian auto industry, opened the first branch in Baku. Tegeta Motors has made investment of several millions jointly with local partners. We see great potential on Azerbaijani market, – Dmitry Gozalishvili, commercial director of the company so explains the …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Non-performing loans up to 9.0% in December 2016 Total loans by commercial banks were up 1.0% m/m (-24.3% y/y) to AZN 16.4bn, driven by 0.7% m/m increase in local currency loans and continued depreciation, which led to …

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Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: GDP down 3.8% y/y in 2016 Azerbaijan’s economy contracted 3.8% y/y in 2016, driven mainly by a 27.6% y/y decline in construction activity. Positive contribution to growth came from agriculture (+2.6% y/y), information and communication (+4.5% …

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Azerbaijan, WB Set to Sign Loan Deal on TANAP Today

Azerbaijan, WB Set to Sign Loan Deal on TANAP Today

Baku will today, Jan. 16, host a ceremony for signing of a loan agreement between Azerbaijan and the World Bank (WB) on the Trans Anatolian Natural Gas Pipeline (TANAP) project, the WB Baku office told Trend Jan. 16. The WB allocated $400 million for Azerbaijan for the project’s implementation. The …

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Over 1.5 million Azerbaijanis Visit Georgia

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Georgia saw a rise in number of travelers, especially Azerbaijanis, visiting the country in 2016. A total of 1,523,075 Azerbaijani citizens traveled to Georgia last year, Azertac reported citing the Georgian National Tourism Administration. The figure is more by 9.3 percent compared to the figure in 2015. Georgia received 1,283,214 …

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