Industry

Azerbaijan’s minister shares forecast on GDP for late 2022

BAKU, Azerbaijan, Azerbaijan’s GDP is expected to reach 130 billion manat ($76.4 billion), the highest level in the country’s history, by the end of 2022, Economy Minister Mikayil Jabbarov said on November 3 at a meeting of the Azerbaijani Parliament’s Committee on Economic Policy, Industry and Entrepreneurship during the discussion of the state budget for […]

Industry

Azerbaijani Central Bank’s delegation attending Uzbekistan Economic Forum 2022

BAKU, Azerbaijan, The delegation of the Central Bank of Azerbaijan (CBA) is attending the second Uzbekistan Economic Forum 2022, Trend reports citing the CBA.   “The forum will focus on strategic priorities, macro-resilience, climate change, the private sector, human capital, broad discussions about political decisions’ impact on the population and business,” the CBA said.   […]

Industry

Azerbaijani oil prices surge

BAKU, Azerbaijan, The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by $1.97 on November 2 compared to the previous price, amounting to $99.54 per barrel, Trend reports referring to the source from the country’s oil and gas market.   The price of Azeri LT FOB Ceyhan on November […]

Industry

Azerbaijan plans to export ‘green’ energy to Europe through Türkiye – minister

BAKU, Azerbaijan, Azerbaijan plans to export ‘green’ energy to Europe through Türkiye, Energy Minister Parviz Shahbazov said on November 3 during an event dedicated to the second anniversary of Azerbaijan’s victory under the leadership of Supreme Commander-in-Chief, President Ilham Aliyev in the Second Karabakh War, Trend reports.   According to Shahbazov, one of the promising […]

Industry

Azerbaijan to develop program on reducing dependence from grain imports

BAKU, Azerbaijan,Azerbaijan will develop a relevant program to reduce the dependence from grain imports, Minister of Finance Samir Sharifov said during today’s parliamentary meeting of the Azerbaijani Parliament’s (Milli Majlis) Committee on Economic Policy, Industry, and Entrepreneurship during the discussion of state budget for 2023, Trend reports.   He noted that funds allocated from the […]