Business & Finance

International Astronautical Federation`s flag presented to Azerbaijan

The 73rd International Astronautical Congress (IAC), hosted by France, has today ended. The event, organized under the motto “Space for All”, was attended by more than 9,300 delegates from 110 countries. At the closing ceremony, Sameddin Asadov, chairman of the Board of Azercosmos, made a presentation on the 74th International Astronautical Congress which will be […]

Business & Finance

Azerbaijan’s exports to CIS countries decline in 8 months of 2022

Exports from Azerbaijan to CIS countries declined in January-August of this year, according to the State Customs Committee. Official figures suggest that Azerbaijan exported goods worth $1.58.873 billion to CIS countries in the first eight months of 2022, which is $4.95 million less than in the same period of 2021. According to the committee, imports […]

Business & Finance

Finances allocated to fixed capital in non-oil-gas sector increased by 22.5%

“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 economic growth and business activity. […]

Business & Finance

AZAL confirms consistently high status from Skytrax

“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 Award ceremony has taken place […]

Business & Finance

Russia was Azerbaijan’s top import market in January-August 2022

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 amounted to $1.425 billion from […]