“In the 8 months of this year, the volume of the finances allocated to the fixed capital in the non-oil-gas sector increased by 22.5%, compared to the corresponding period of the last year,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter. “This is an important indicator for the sustainable

“AZAL” and the country’s first low-cost carrier “Buta Airways” won in the nominations of “Best Regional Airline in Central Asia and the CIS” and “Best Low-Cost Airline in Central Asia and the CIS” at the Skytrax 2022 World Airline Awards, press service of “Azerbaijan Airlines” CJSC told AZERTAC. The solemn Skytrax

Russia was Azerbaijan’s top import market in January-August of this year, according to the State Customs Committee. Official statistics suggests that Russia, Turkey and China were the largest import destinations of Azerbaijan in the first eight months of 2022. The volume of import from Russia made $1.653.7 billion, while it

Azerbaijan has imported 7,423 types of products in January-August, 2022. According to the State Customs Committee, the value of import operations in Azerbaijan amounted to $8 billion 868.4 million dollars in eight months. Source: AZTERTEC

“As of September 1, 2022, under the interest subsidization mechanism for existing loans, decisions were made on granting interest subsidies of 69.4 mln. ₼ to 5,023 applications with a loan balance of 850.3 mln. ₼,” Azerbaijan’s Minister of Economy Mikayil Jabbarov said on Twitter. “So far, interest subsidies of 65.9

Chairman of the Board of Small and Medium Business Development Agency of Azerbaijan (KOBIA) Orkhan Mammadov has met with Managing Director of Switzerland-Eastern Europe, Central Asia, South Caucasus Joint Chamber of Commerce (JCC) Dorit Sallis. The sides exchanged views on joint initiatives to enhance cooperation between the two countries’ business

Azerbaijani oil price has increased on the world markets. The price of a barrel of Azeri Light crude oil rose $1.1 to trade at $93.7. Source: AZTERTEC

Oil prices have decreased on the world markets. On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil fell $0.24 to trade at $90.22, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) decreased $0.23 to stand at $83.26. Source: AZTERTEC

As part of the celebrations of the “Azadi Ka Amrit Mahotsav” on completion of 75 years of India’s Independence, the Embassy of India in Baku organized an event on September 22, to commemorate the Indian Technical & Economic Cooperation (ITEC) Day 2022. The event was attended by the officials of