BAKU, Azerbaijan, The powers of the Ministry of Economy of Azerbaijan have been expanded, Trend reports. This issue has been reflected in the decree of President of Azerbaijan Ilham Aliyev on the approval of amendments to the law “On protection of consumer rights”. According to the decree, in order to develop and implement […]
Azerbaijan shares design work progress on Horadiz-Aghband railway
ZANGILAN, Azerbaijan, The design work of the Horadiz-Aghband railway in Azerbaijan has been completed by 80 percent, and the construction – by almost 40 percent, Head of Construction Supervision Department of Azerbaijan Railways CJSC Tural Abbasli told Trend. Abbasli made the remark during a media tour of the railway construction progress. According to […]
Azerbaijan Banks Association, UAE Banks Federation ink memorandum of co-op
BAKU, Azerbaijan, The Azerbaijan Banks Association (ABA) and UAE Banks Federation signed a memorandum of cooperation, Trend reports via the ABA. It is planned to develop correspondent relations between the banks of Azerbaijan and the UAE as part of the memorandum. The document was signed by ABA President Zakir Nuriyev and CEO of the […]
Oil prices on rise in world markets
Oil prices have increased in the world markets. The London ICE (InterContinental Exchange Futures) saw the Brent crude oil rise $0.67 to trade at $83.67, while the price of the light crude oil at the NYMEX (New York Mercantile Exchange) increased $0.53 to stand at $76.87. Source: Azerbaijan State News Agency
January export of methanol surges in Azerbaijan
Azerbaijan exported 41,500 tons of methanol worth $8.4 million in January of this year, according to the State Customs Committee. In the same month of 2022, the export from the country was 37,200 tons in the amount of $11.9 million. Source: Azerbaijan State News Agency
Trade between Azerbaijan and Moldova hits about $ 520 thousand in January 2023
The trade turnover between Azerbaijan and Moldova amounted to about $520 thousand in January this year. Official figures suggest that the volume of exports from Azerbaijan to Moldova amounted to $198.240, while imports from Moldova to Azerbaijan made up $321.62 thousand in January, 2023. Source: Azerbaijan State News Agency