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Tag Archives: Azerbaijan

Azerbaijan Eyes China’s Wine Market

Azerbaijan Eyes China's Wine Market

Azerbaijan intends to increase wine exports to China, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) said on its website Friday. The issue of expanding cooperation between Azerbaijan and China in the area of wine trade was discussed at a meeting participated by local winemakers and the trade representative of Azerbaijan …

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ADY Express Launches Georgia-Azerbaijan Container Train

ADY Express Launches Georgia-Azerbaijan Container Train

A subsidiary of Azerbaijan Railways CJSC, Logistics Company called ADY Express LLC has launched new container block train on the Poti/Batumi (Georgia) – Keshla station (Azerbaijan) route, said company’s the website. The train is scheduled to depart three times a week and cover a distance of 900 kilometers in 30 …

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Trade Turnover Between Azerbaijan, Georgia Hits $425M

The trade turnover between Azerbaijan and Georgia amounted to $425.91 million in January-July 2017, which is 34.2 percent more compared to the same period of 2016. Azerbaijan occupies the fifth place among the importers of Georgian products, according to Georgia’s Statistics Service. During the reporting period, the supply of goods …

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Azerbaijan Issues $632M for Construction of BTK’s Georgian Section

Azerbaijan’s state oil fund allocated $631.79 million as of July 1, 2017 for financing construction of the Baku-Tbilisi-Kars railway (BTK) project. Under the agreement signed between Azerbaijan and Georgia, the funds were transferred through the International Bank of Azerbaijan to the Marabda-Kartsakhi Railway, which was created for the design, construction, …

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Details of Turkey-Azerbaijan logistics Project

Details of Turkey-Azerbaijan logistics Project

The logistics center that is being built in Kars as part of the Baku-Tbilisi-Kars (BTK) railway project will be commissioned in October 2018, Turkey’s Ministry of Transport, Maritime and Communications told Trend Aug. 7. The project’s cost is estimated at about 94.3 million Turkish liras. According to the ministry, a …

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Silicon Island of the Caspian region: can we make it real?

Silicon Island of the Caspian region: can we make it real?

Azerbaijan, the cradle of the first democratic republic in Muslim world where women took off the veil for the first time in an Muslim majority country now has to prove to the rest of the world that it is no longer “a former Soviet republic”, but the nation the world …

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Azerbaijani Gas to be Priority for Georgia’s Future Imports – Minister

Azerbaijani Gas to be Priority for Georgia’s Future Imports – Minister

Azerbaijani gas will be taken into account at first for Georgia’s future imports, Georgia’s Energy Minister Ilia Eloshvili said in an exclusive interview with Trend. “To look at figures, in Georgia the gas demand accounted for 2.2 billion cubic meters in 2016 where SOCAR’s [Azerbaijani state oil company] share amounted …

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Iran-Azerbaijan Railway Cooperation to Work Out Soon

Iran-Azerbaijan Railway Cooperation to Work Out Soon

In the coming months, Iran and Azerbaijan are expected to launch transporting goods and cargos through the International North-South Transport Corridor, a grand project that will intricately interconnect Europe and Asia. Tehran and Baku are apparently making efforts to boom trade turnover, which surged by 78 percent to reach $221.2 …

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SOCAR Increases Share in its Georgian Subsidiary

SOCAR Increases Share in its Georgian Subsidiary

Azerbaijan’s state oil company SOCAR increased its share in the authorized capital of SOCAR Energy Georgia Ltd. (its Georgian subsidiary) from 51 percent to 67.34 percent, according to the SOCAR’s consolidated financial statements for 2016 audited by the London-based Ernst & Young company. SOCAR paid 58 million manats ($34 million) …

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