Home / Tag Archives: Azerbaijan (page 10)

Tag Archives: Azerbaijan

Hydrolea Considers Leaving Georgia due to Complication of Market Forecasting

Hydrolea Considers Leaving Georgia due to Complication of Market Forecasting

The investor is not excluding leaving of Georgia due to the complication of energy market and tariff policy forecasting. Radoslav Dudolenski, executive director of “Hydrolea” has declared on the review of investment policy at the business conference held within the frame MEETING ROOM of “PASHA Bank”.  noted on the investment …

Read More »

Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: CBAR reserves up 0.1% m/m to US$ 4.0bn Central Bank’s reserves were up marginally (+0.1% m/m) in November 2016, following two months of minor declines. In annual terms, reserves are down 35.8%. Oil exports down 13.1% …

Read More »

Ukraine Started Import of Liquefied Gas from Azerbaijan via Batumi

Ukraine Started Import of Liquefied Gas from Azerbaijan via Batumi

Ukraine has imported 740 tons of propane-butane mixture (LPG) from Azerbaijan in the beginning of the third decade of November, according to UPECO consulting company. The company said that Ukraine hasn’t previously received liquefied gas from Azerbaijan. “The importers are Ukrainian Nadezhda company and SOCAR Energy Ukraine (subsidiary of Azerbaijan’s …

Read More »

Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week: Oil extractiondown at the Azeri-Chirag-Gunashli oil field in 3Q16 In 3Q16, oil production was down 2.5% y/y to 622,359 barrels per day at the Azeri-Chirag-Gunashli (ACG) oil field, operated by the BP-led consortium, as operations at …

Read More »

SOCAR Drilling New Well at Oldest Oil field in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce about 3,650 tons of oil annually, thanks to the commissioning of a new well that is being drilled at the Oil Rocks offshore field, SOCAR said in a message posted on its website Nov. 24. The well’s projected depth is 1,700 meters …

Read More »

Azerbaijan to Host Next GUAM Customs Reps Meeting

The 26th meeting of the Trade and Transport Facilitation (TTF) Project Steering Committee of the GUAM Organization for Democracy and Economic Development will be held in Azerbaijan, the country’s State Customs Committee said in a message Nov. 11. The decision was made during the 25th meeting of the committee in …

Read More »

Azerbaijan-Turkey-Georgia Business Forum due in Istanbul

The fifth Azerbaijan-Turkey-Georgia trilateral business forum will be organized in Istanbul on November 16. Turkey is one of Azerbaijan`s largest trade and investment partners as it invested $10.1 billion in the country`s economy, including $2.6 billion in the non-oil sector, Azertac reported. Azerbaijan invested $7.9 billion in the Turkish economy. …

Read More »

Azerbaijan, Romania Discuss AGRI Project

Azerbaijan, Romania Discuss AGRI Project

The Azerbaijan-Georgia-Romania Interconnector (AGRI) project was mulled by Azerbaijan’s Energy Minister Natig Aliyev and Romania’s ambassador Dan Iancu in Baku, Azerbaijan’s Energy Ministry said Nov. 3. “Important steps are being taken as part of energy cooperation to implement the AGRI project, designed to supply Azerbaijani gas to Europe via Azerbaijan-Georgia-Romania-Hungary …

Read More »

Azerbaijan Weekly Market Watch

Azerbaijan Weekly Market Watch

Galt&Taggart Publishes Report on Main Developments that Took Place in Azerbaijani Economy Last Week. Slight improvements in Azerbaijan’s Doing Business indicators According to the latest Doing Business 2017 report, Azerbaijan has moved from a revised 61st position to 65th position. While retreating in the global ranking, its distance to frontier …

Read More »

Meeting of Georgian President and Azerbaijan’s Minister of Economy

With greetings from the President of Azerbaijan, Shahin Mustafayev, Azerbaijan’s Minister of Economy, and Giorgi Margvelashvili, President of Georgia, held a meeting in Tbilisi. Additionally, Azer Huseyn, the Ambassador of Azerbaijan in Georgia, attended the meeting. The meeting discussed the political, economic and defense cooperation between the two countries. Furthermore, …

Read More »

Azerbaijan Removes Taxes on Transshipment of Transit Goods

Azerbaijan Removes Taxes on Transshipment of Transit Goods

Azerbaijan’s President Ilham Aliyev has signed a decree on application of the “Law on Amending Tax Code of Azerbaijan” adopted by the country’s parliament September 30. The amendments stipulate removing the value added tax (VAT) for the goods transshipment services directly related to transit cargo transportation. The VAT rate in Azerbaijan …

Read More »