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Tag Archives: Azerbaijan

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. …

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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 …

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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. 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 …

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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, …

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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 …

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Azerbaijan may Export up to 700 Million MW through Georgia

Azerbaijan may Export up to 700 Million MW through Georgia

Electricity export from Azerbaijan via the Azerbaijan-Georgia-Turkey energy bridge may reach 700 million megawatts, said Azerbaijani Energy Minister Natig Aliyev in his article published by the official press Oct. 20. “The work on the creation of the Azerbaijan-Georgia-Turkey energy bridge is continuing,” noted Natig Aliyev. “The project will allow integrating …

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Azerbaijan to Join Motor Races in Georgia

Azerbaijan to join motor races in Georgia [PHOTO]

Fans of extreme, the country’s oldest off-road club “4×4 Club” will join Rain Forest Challenge in Georgia. One of the world’s top 10 toughest motor races will take in Tbilisi from October 20 to 23, Trend Life reported. National team includes Emil Guliyev, Kamran Asadov, Musa Mustafaev and prize-winner of numerous competitions Azer Bunyadzade. Race …

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Georgia Sets Preferential Tariff on Kazakh Cargo Transit

Georgia Sets Preferential Tariff on Kazakh Cargo Transit

Georgia, Kazakhstan and Azerbaijan have reached agreement on preferential tariffs for Kazakh cargo transit in the TransCaspian corridor. The agreement was reached at the meeting of TransCaspian International Transport Route Coordination Committee in Astana. A part of Kazakh export cargo, including cereals, oil products and nonferrous metals will enjoy preferential tariffs …

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SOCAR May Put Up Joint Ventures’ Shares for Sale

SOCAR May Put Up Joint Ventures’ Shares for Sale

Azerbaijan’s state oil company SOCAR may put up for sale the shares of a number of its joint ventures, said SOCAR President Rovnag Abdullayev. He made the remarks Oct. 18 at a press conference dedicated to the beginning of the sale of bonds in the secondary market of Baku Stock …

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Azerbaijan Offers Uzbekistan to Benefit from BTK

Azerbaijan Offers Uzbekistan to Benefit from BTK

Azerbaijan has invited Uzbekistan to benefit from the Baku-Tbilisi-Kars railway project. Azerbaijan’s Foreign Minister Elmar Mammadyarov met with his Uzbek counterpart in Tashkent on October 17, Azerbaijan’s Foreign Ministry told Trend. During the meeting, Mammadyarov informed his counterpart about the restoration of the historical ‘Silk Road’ and the Baku-Tbilisi-Kars project, in particular, …

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Turkish Stream Not a Rival to TANAP

Turkish Stream Not a Rival to TANAP

Turkish Stream is not a rival to the Trans-Anatolian Gas Pipeline (TANAP), Saltuk Duzyol, head of TANAP consortium, said in an interview with TRT Haber on Oct. 13. He said TANAP has two contracts for gas transportation for a period of 15 years, which guarantees its stable income. “Turkish Stream …

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Azerbaijan Built 200 km of Railways Since 2016

Azerbaijan Built 200 km of Railways Since 2016

Azerbaijan Railways CJSC has built nearly 200 kilometers of railways since early 2016, Javid Gurbanov, head of Azerbaijan Railways CJSC, told reporters in Baku Oct. 13. He said that the construction and renovation of Azerbaijan’s railways continues. “On Oct. 12, we commissioned the updated production base for the construction of …

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