Category: Economy

The Economic Cooperation Organization (ECO) is holding the fourteenth summit through videoconferencing. According to “QİA.AZ”, heads of the member states and governments are attending the event. President of Azerbaijan Ilham Aliyev is also taking part in the summit. President of the Turkish Republic of Northern Cyprus, Ersin Tatar, also attended the meeting as an observer country. ECO, as an… Continue reading 14th ECO summit kicks off virtually

“Buta Airways” – the low-cost airline of Azerbaijan opens the sale of tickets for special flights operated from Baku to another destination in Turkey – Istanbul. Starting from March 18, the Airline resumes services on the Baku-Istanbul-Baku route. The flights will be operated to Sabiha Gokcen Airport (IATA: SAW) twice a week – on Mondays… Continue reading Buta Airways to Launch Ticket Sales for Baku-Istanbul-Baku Flights

In January 2021, Azerbaijan exported 6,200 tons of nitrogen fertilizers, according to customs declarations, “QİA.AZ” informs with reference to the country’s State Customs Committee. The monetary value of the exported fertilizers was $994,000. According to the committee, the exports of nitrogen fertilizers were 15.75 tons (3.5 times) and $2.455 million less than in the same period last year. In the reporting period, the share… Continue reading Azerbaijan exports over 6,000 tons of urea

In January this year, Georgia’s trade with Azerbaijan amounted to $86.154 million, the Georgian bureau of “QİA.AZ” informs referring to the National Statistics Office of Georgia. Last month, Azerbaijan, with a share of 11.3 percent in Georgia’s total trade turnover, ranked third among the trade partners of the neighboring country after China and Turkey. Compared to the same period… Continue reading Azerbaijan, Georgia reduce trade turnover

“Today, some agreements are expected to be signed between states and government agencies, which will further expand relations between Azerbaijan and Turkey,” Azerbaijani Economy Minister Mikayil Jabbarov said in an interview with Real TV. “As a result of these agreements, it is planned to simplify and automate the certification process of our products entering the Turkish market… Continue reading Mikayil Jabbarov: New agreements to further expand Azerbaijani-Turkish ties

Azerbaijan and Turkey on Feb. 18 signed 11 documents on cooperation at the Turkish-Azerbaijani business forum in Ankara, “QİA.AZ” informs. These are agreements and protocols of intent providing for cooperation between the two countries in various fields. From the Azerbaijani side, the documents were inked by Minister of Economy Mikayil Jabbarov, Chairman of the Agency for the Development of… Continue reading Azerbaijan, Turkey sign 11 documents on cooperation

In January, Azerbaijan produced 13,600 tons of propylene, 17,900 tons of polyethylene, and 17,900 tons of ethylene,“QİA.AZ” informs, citing the country’s State Statistical Committee. According to the committee, 12,600 tons of total propylene production was commercial. During the reporting period, propylene production rose by 25.9%, while the increase in the production of commercial propylene was 16.7% In January 2021, ethylene production increased by 39.8%, while polyethylene production… Continue reading Polyethylene production in Azerbaijan increases by almost 46%

This January, Azerbaijan produced machinery and equipment, other vehicles, cars, trailers, and semi-trailers worth a total of 22.7 million manats ($13.3 million), “QİA.AZ” informs, referring to the State Statistics Committee. The production of cars, trailers, and semi-trailers in annual comparison decreased by 1.9 percent, other vehicles – by 66.7 percent, while the output of machinery and equipment increased by 23.5 percent. In January, 96 cars were produced, a… Continue reading Azerbaijan cuts car production by 50% in January

In January, Azerbaijan produced 270.9 kg of gold and 421.5 kg of silver, “QİA.AZ” informs, citing the country’s State Statistical Committee. According to the committee, gold and silver production dropped in Azerbaijan by 33.1% and 22%, respectively. As of February 1, 2021, gold reserves amounted to 365.8 kg, while silver reserves reached 414.1 kg.

In January 2021, Azerbaijan produced agricultural products for AZN 341.9 million ($201.2 million). “QİA.AZ” informs, citing the Azerbaijani State Statistical Committee, that this figure is 2.3 percent more than in the same period last year. Over the past year, the cost of plants and plant-based goods produced in the country increased by 6.8 percent, up to AZN 16.4 million ($9.6 million). The monetary value of livestock… Continue reading Azerbaijan’s agrarian sector grows by 2%