Industry

Web Desk October 27, 2021

Azerbaijan and the Asian Infrastructure Investment Bank (AIIB) discussed the possibilities of introducing ‘smart’ and ‘green’ concepts in Azerbaijan, Trend reports citing the publication of Azerbaijan’s Minister of Economy Mikayil Jabbarov on Twitter. According to Jabbarov, currently, new challenges in climate policy are one of the most pressing global issues today. “During the 6th Annual Meeting of […]

Web Desk October 27, 2021

Restoration work in Azerbaijan’s territories liberated from Armenian occupation [in the 2020 Second Karabakh War] continues and will only accelerate, the Minister of Economy of Azerbaijan Mikayil Jabbarov said on Oct.27, Trend reports. Jabbarov made the remark during the Summit on Investment and Culture of Azerbaijan, organized by the Azerbaijani Small and Medium Business Development Agency and […]

Web Desk October 27, 2021

Azerbaijan’s Karabakh is being very rapidly restored, World Ethnosport Confederation’s President Bilal Erdogan said on Oct.27, Trend reports. Erdogan made the remark during the Summit on Investment and Culture of Azerbaijan, organized by the Azerbaijani Small and Medium Business Development Agency and the Youth Forum of the Organization of Islamic Cooperation (ICYF) with the support of the […]

Web Desk October 27, 2021

Azerbaijani and foreign businessmen are interested in the restoration of industry in the Karabakh region, President of the National Confederation of Organizations of Entrepreneurs (Employers) of Azerbaijan Mammad Musayev said, Trend reports. Musayev made the remark at the Investment and Culture Summit of Azerbaijan, organized by the Small and Medium Business Development Agency of Azerbaijan (SMBDA) and […]

Web Desk October 27, 2021

The spending of the state budget of Azerbaijan on judicial and law enforcement spheres in 2022 is expected to exceed 2.36 billion manat ($1.39 billion), Trend reports citing the draft law ‘On the state budget of Azerbaijan for 2022’, published in the official press on Oct.27. Budget spending on the above spheres will grow by 12.9 percent, […]

Web Desk October 27, 2021

The spending of the state budget of Azerbaijan on science in 2022 is expected to surpass 202.79 million manat ($119.29 million), Trend reports citing the draft law ‘On the state budget of Azerbaijan for 2022’, published in the official press on Oct.27. Budget spending on the above sphere will grow by 10.6 percent, while in the 2021 […]

Web Desk October 27, 2021

It is planned to increase the living wage in Azerbaijan in 2021, Trend reports citing the bill ‘On the state budget of Azerbaijan for 2022.’ In accordance with the document, the living wage is planned to be set at 205 manat ($120.6). The bill has already been submitted to the Parliament of Azerbaijan, and it is planned […]

Web Desk October 27, 2021

The amount of the need criterion in Azerbaijan is expected to be 200 manat ($117.6), Trend reports citing the draft law ‘On the state budget of Azerbaijan for 2022. The bill has already been submitted to the Parliament of Azerbaijan, and it is planned to discuss it at plenary sessions. For 2021, the need criterion was set […]

Web Desk October 27, 2021

Small and Medium Enterprises Development Organization of Turkey (KOSGEB) is interested in implementing projects in Azerbaijan’s Karabakh, the organization’s president Hasan Basri Kurt said on Oct.27, Trend reports. Kurt made the remark during the Summit on Investment and Culture of Azerbaijan, organized by the Azerbaijani Small and Medium Business Development Agency and the Youth Forum of the […]

Web Desk October 27, 2021

The Azerbaijani government and the International Bank for Reconstruction and Development (IBRD) which is a member of the World Bank (WB) group, signed a loan agreement worth $65 million on October 27, Trend reports citing the Azerbaijani Finance Ministry. The document was signed by the Azerbaijani Finance Minister Samir Sharifov and WB Regional Manager for Azerbaijan Sarah […]