Azerbaijan’s Ministry of Energy has signed a Memorandum of Understanding (MOU) with the International Finance Corporation (IFC) to cooperate on offshore wind development.
Economy9- Page
Belarus and Azerbaijan have agreed to move to a new stage of economic cooperation, Belarus President Aleksandr Lukashenko told the media after the talks with his Azerbaijani counterpart Ilham Aliyev on 14 April.
A total of 44 Azerbaijani families running their small family businesses have received training and equipment as part of an EU-funded project, implemented by the United Nation Development Programme (UNDP) together with the public entity ABAD (Simplified Support to Family Businesses).
Belarusian Agriculture and Food Minister Ivan Krupko met with Chairman of the Food Safety Agency of Azerbaijan Goshgar Takhmazli and Azerbaijani Agriculture Minister Inam Imdad oglu Kerimov in Baku on 13 April.
Moody's today took rating actions on five Azeri banks, namely, International Bank of Azerbaijan, Kapital Bank, Xalq Bank, Bank Respublika, and Bank of Baku.
Fitch Ratings has affirmed State Oil Company of the Azerbaijan Republic's (SOCAR) Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BB+'. The Outlook on the Long-term IDR is Negative. The Recovery Rating is 'RR4'.
A Federal Court in Switzerland has thrown out Azerbaijan’s SOCAR’s attempts to block the sharing of banking information with Latvian police related to investigations of suspicious money movements in 2017 – they are linked to an agreement signed between the Maltese government and SOCAR Trading.
Moody's Investors Service ("Moody's") has today changed to positive from stable the outlook of State Oil Company of the Azerbaijan Republic (SOCAR).
In 2020, the economic growth of Azerbaijan took a toll due to the diminishing global gas and oil prices. The country’s GDP estimated to have declined by 4% during the year, compared with a 2.2% growth in 2019.
Moody's Investors Service ("Moody's") has today changed the outlook on Azerbaijan's rating to positive from stable and affirmed the long-term issuer and senior unsecured debt ratings at Ba2.
The European Bank for Reconstruction and Development (EBRD) has agreed to provide a loan of $29.3m (€25m) to Azerbaijan’s pasta producer Avrora to enhance the company’s production capacities.
Existing preferential trade agreement only includes limited number of products, says Turkish trade minister.
Deputy Prime Minister of Belarus Igor Petrishenko and Ambassador Extraordinary and Plenipotentiary of Azerbaijan to Belarus Latif Gandilov discussed trade and economic cooperation between the two countries on 1 April, BelTA has learned.
Positioned on the shores of the Caspian Sea, the aptly named towers of the Lighthouse Residence in Nardaran (Baku), Azerbaijan welcomed their first residents in March 2021. The Penetron System was used to treat all below-grade and exposed concrete structures to ensure durability and resistance to the saltwater environment.
A regional office of the EU-funded ‘Strengthening agricultural advisory services’ project in Azerbaijan will open in Guba soon.
The PGGII Project against money laundering and terrorism financing in Azerbaijan continues to support the national authorities in their efforts to align the national legislation with international standards and best practices geared to anti-money laundering and combatting terrorist financing.
‘Alcoholic drinks’ was the only sector which saw its volume fall in the quarter, dragged down by beer’s significant decline of 7.9% in Q4 2020, followed by flavored alcoholic beverages’ fall of 5.5%.
Azerbaijani Neqsol Holding owned by businessman Nasib Hasanov has become the 100% owner of Georgian internet provider Caucasus Online.
Azerbaijan also aspires to be part of the "One Belt, One Road" project. In recent years, the country has taken serious steps to make freight transportation from China to Europe and vice versa more convenient than other routes, and infrastructure projects are being implemented.
Nass lauded the growing relations between the Kingdom of Bahrain and the Republic of Azerbaijan, and expressed the keenness of the private sector in consolidating efforts with its Azeri counterpart to step-up trade, investment, and partnerships.
Since shepherding Azerbaijan’s military victory last fall, Turkey has been on a Silk Road charm offensive. The challenge is turning talk into action.
Azerbaijan and Norway’s Equinor company have discussed the company’s energy projects implemented Azerbaijan and prospects for cooperation.