Business and Economy

Azerbaijan Business and Economy

Azerbaijan Business and Economy News

Georgian president arrives in Azerbaijan to discuss strategic military and economic alliances

Georgian President Salome Zurabishvili has arrived in the Republic of Azerbaijan on an official visit to discuss strategic military and economic alliances between the two...

Azerbaijan exported $35 million worth of apples to Russia, last year

Azerbaijan exported apples totaling $ 34.7 million to Russia in 2018. This is 6.7 percent of the total Russian imports of apples, Report informs citing...

Azerbaijan renews lucrative F1 contract through 2023

Baku renewed its contract Tuesday to host the Azerbaijan Grand Prix through 2023, prolonging the stay of a circuit which initially struggled for acceptance in...

Digitalization to drive insurance market development in Azerbaijan

Technological approach and digitalization will become driving forces behind the development of the insurance market in Azerbaijan, Viladi Maniyev, Chairman of the Board of Directors...

Demand at deposit auction of Azerbaijan’s Central Bank exceeds supply

The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on Jan. 7, Trend reports referring to the CBA....

ECC set to okay import of Azerbaijan fuel on credit

Finance Minister Asad Umar will preside over the ECC meeting that would also review a status report on export of public sector wheat stocks, arrangement...

Russia, Azerbaijan to deepen bilateral economic ties in 2019, vows envoy to Baku

The upcoming year will see a surge in economic cooperation between Moscow and Baku, Russian Ambassador to Azerbaijan, Mikhail Bocharnikov, told a press conference in...

Petkim driving development of Turkish and Azerbaijani economies

Azerbaijani state company SOCAR invests in Turkey through its subsidiary SOCAR Turkey Energy, which started operating under Petkim in 2008. Petkim Petrochemical complex, a subsidiary...

Azerbaijan’s insurance market maintains growth ahead of neighboring countries

In January-November 2018, Azerbaijani insurance companies collected premiums for 663.9 million manats, which is by 31.67 percent more than the same period of 2017, Trend...