Last week review (Jan. 20-24)

Jan. 21

Azerbaijani Railways receive wagons repaired abroad

Azerbaijani Railways JSC has received all 76 passenger wagons sent for overhaul to Ukraine and Russia, head of the company Arif Askerov said.

The head of the company said that 60 wagons have been overhauled at Dnepropetrovsk and 16 in Voronezh.

Askerov went on to say that the wagons will be operated on the Baku-Tbilisi and Baku-Moscow routes.

The wagons were sent abroad for repairs due to the lack of technology in Azerbaijan for capital repairs of passenger carriages.

Ambassador: Belarus-Azerbaijan trade-economic cooperation at strategic level

The trade and economic cooperation between Belarus and Azerbaijan remained at the level of a strategic partnership in 2013, Belarusian Ambassador to Azerbaijan Nikolai Paskevich said at a press conference on the results of 2013.

"Industrial cooperation, joint projects in the fields of construction, education, health, science and technologies are the main priorities of cooperation between the countries," he said.

"In 2013 there were new projects on cooperation with the Ganja automobile plant for joint production of tractors and the assembly of experimental batches of buses and trucks which are currently being tested," he said.

Bill on insurance legislation amendments submitted to Azerbaijani government

The Azerbaijani Ministry of Finance submitted a bill on amendments to the law on "Obligatory kinds of insurance" to the government. It was prepared to create a legal framework for connecting the country to the Green Card international system of civil liability insurance of vehicle owners, head of the State Insurance Supervision Service under the Azerbaijani Ministry of Finance Namiq Khalilov said.

"The document may be submitted to the Azerbaijani Parliament during the spring session," he said.

Jan. 22

Azerbaijan leads South Caucasus countries in human capital index

Azerbaijan is leading the South Caucasus countries in the human capital index, according to the World Economic Forum (WEF) Human Capital Report 2013.

Azerbaijan ranks 64th among 122 countries with a score of -0.157 points, the WEF said.

Armenia took 73rd place with -0.218 points. The worst result in the region belongs to Georgia, which ranks 77th with a score of -0.258 points.

President Ilham Aliyev meets Holcim CEO

President of Azerbaijan Ilham Aliyev has met Chief Executive Officer of Holcim Bernard Fontana in Davos.

They hailed the activity of the Holcim in Azerbaijan as successful.

The Azerbaijani President and the Holcim CEO noted construction of a new cement factory served to expand cooperation between the country and the company even further.

They also exchanged views on prospects for cooperation.

Azerbaijani President meets CEO of Airbus Group International in Davos

President of Azerbaijan Ilham Aliyev has met CEO of the French Airbus Group International company Jean-Pierre Talamoni in Davos.

The Azerbaijani President and the Airbus Group International CEO also discussed how to enhance cooperation between the country`s relevant authorities and the company.

President Ilham Aliyev meets President of European Bank for Reconstruction and Development

President of Azerbaijan Ilham Aliyev has met President of the European Bank for Reconstruction and Development Suma Chakrabarti in Davos.

They hailed recent processes in Azerbaijan, the country's economic growth, and the government's attention to developing the non-oil sector, eliminating poverty and unemployment, and combating corruption.

Azerbaijani President meets Chairman of Global Partnerships at Swiss Re AG

President of Azerbaijan Ilham Aliyev has met Martyn Parker, Chairman of Global Partnerships at Swiss Re AG, in Davos.

They discussed how to develop cooperation between Azerbaijan and Swiss Re.
President Ilham Aliyev and Martyn Parker also exchanged views over development of insurance market in Azerbaijan, insurance of natural disasters and insurance with respect to prevention of agricultural disasters caused by climate change.

Jan. 23

Azerbaijani and Italian entrepreneurs consider opportunities of joint investments in third countries

Azerbaijani and Italian companies are considering the opportunities for making joint investments in third countries, namely Kazakhstan, Russia and Iran, President of the Azerbaijani National Confederation of Entrepreneurs Mammad Musayev said.

A meeting was held between business people of the two countries in Baku. Over 50 businesses representing the construction, tourism, furniture industry, retail and wholesale from the Azerbaijani side and a group of companies Made Spa, specialising in the construction, restoration, design, the Beghelli group, producing lighting systems, home appliances, security systems and a number of other ones attended the meeting.

WB regional director for South Caucasus arrives in Baku

World Bank regional director for the South Caucasus, Henry Kerali arrived in Azerbaijani capital of Baku, the bank's representative office said.

Kerali has already met with Azerbaijani Finance Minister Samir Sharifov.

He will meet with the Economy and Industry Minister Shahin Mustafayev, Agriculture Minister Heydar Asadov and Prime Minister Artur Rasizade.

The meetings will discuss the current state of WB operations in Azerbaijan, the bank's short- and medium-term plans, as well as its new strategy on Azerbaijan.

Jan. 24

Azerbaijan launches electronic registration of insurants

The State Social Protection Fund of Azerbaijan has launched e-service for registration of insurance.

Chairman of the fund Elman Mehdiyev said at the presentation of the service that the new service makes it possible to carry out the process of obtaining social insurance certificate online.

"Previously a citizen who has just started working and wanted to obtain a social insurance certificate meant the employer after signing the employment contract, had to personally submit a list of required documents to the State Fund. From now on, every employer will be able to issue these certificates for the employees without leaving the office," Mehdiyev said.

According to him, the introduction of this service will allow citizens to save time and increase transparency.

EU to support reforms in Azerbaijan's pension-insurance system

Azerbaijan and the European Union are working on a new twinning project in the pension-insurance sphere, chairman of Azerbaijani State Social Protection Fund Elman Mehdiyev said.

Currently the work is being carried out at the expert level with partners from Latvia and Germany, according to the chairman. The project cost hasn't been determined yet.

Azerbaijan will be assisted within the project in preparation of legislation for the work of private pension funds, the introduction of the system's accumulative component, as well as a number of other issues related to the development of Azerbaijan's pension-insurance system.

Azerbaijani Finance Ministry not to change requirements for non life insurers' capital

The Azerbaijani Finance Ministry will confirm the requirements for the minimum amount of the total capital of insurance companies rendering non-life services at the level of five million manat, according to the Finance Ministry's draft decision on determining the minimum amount of the capital required for insurers, posted on the portal of the authorizing documents for entrepreneurship

A minimum amount of the aggregate capital of a new insurance company rendering the services not related to life insurance must be formed at the same level, according to the draft document.

UAE, Afghanistan purchase products from Turkmenistan’s oil refineries on exchange
UAE, Afghanistan purchase products from Turkmenistan’s oil refineries on exchange
Sweden bans entry from Norway over new coronavirus variant
Sweden bans entry from Norway over new coronavirus variant
Deutsche Bank starts probe in relation to engagement with some clients
Deutsche Bank starts probe in relation to engagement with some clients
Loading Bars
Negotiations to be held on issue of tomato supply from Azerbaijan to Russia
Azerbaijan eyes to integrate state entities to government-cloud system
Belarus names volume of money transfers from Turkmenistan
Roadmaps for further reforming Uzbekistan’s electricity, oil and gas industries discussed
Russian Embassy in Turkmenistan organizes six charter flight
Iranian FM discusses obstacles for Iranian economy
President Ilham Aliyev receives Iranian Foreign Minister
Thailand to sell $2 billion savings bonds to finance stimulus measures
Zimbabwe COVID-19 deaths pass 1,000 as infections surge
Russian companies to invite Uzbek labor migrants by applying to construction ministry
Azerbaijani ministry talks up-to-date cloud technologies countrywide
Kazakhstan’s freight transportation operator opens tender to repair equipment
Weekly review of Azerbaijani oil prices
Kazakhstan's Kazpost opens tender on services to purchase accumulators
Uzbekistan, Saudi Arabia sign memorandum on tourism development
India's Ambassadors of Culture and Arts
Kazakhstan boosts imports from Pakistan year-on-year despite global pandemic
India's traditional calling card
SOCAR outlines digitalization plans for 2021
Iran’s NIDC reveals amount of expenses
Azerbaijani HRC shares report on inhuman treatment of Azerbaijani prisoners by Armenia
Number of Azerbaijan Credit Bureau's partners up by early 2021
Price for gold in Azerbaijan continues to drop
Several Turkmen state objects to be sold to members of Union of Industrialists, Entrepreneurs
Logistics companies of Turkmenistan, Kazakhstan sign memorandum of co-op
ACWA Power, Uzbekistan’s National Electric Grids sign agreement on electricity purchase
Azerbaijani currency rates for Jan. 25
Iranian currency rates for January 25
UNEC hosts international conference on "Azerbaijan's Albanian Christian heritage - Khudaveng monastery” (PHOTO)
UAE, Afghanistan purchase products from Turkmenistan’s oil refineries on exchange
Uzbekistan reveals COVID-19 data for January 25
Saudi Arabia And India: The Upward Trajectory
Bangladesh tri-service contingent to lead first 10 rows of R-Day parade in Delhi
OPEC+ to largely abandon its production cuts by 2022
Global oil demand won’t recover to pre-virus levels until at least 2022
Iran applies significant discounts on transportation of Uzbek goods
Brazilian Ambassador calls for ‘strengthening Indo-Brazilian partnership’
US applauds 'true friend' India for gifting Covid vaccine to several countries
Higher oil prices to be dampened by huge amount of oil output capacity
Iranian FM's visit to Azerbaijan focuses on Karabakh reconstruction and multilateral ties - former Iranian ambassador
Iran's Bushehr nuclear power plant construction in progress
Iran identifies illegal cryptocurrency mining farms
Biden unlikely to achieve meaningful changes in US energy mix
Biden’s restrictive oil policy unlikely to continue
Iran extends ban on UK flights due to mutant coronavirus
Iran shares investment data on Goreh-Jask oil transfer project
ACG oil transshipment from Ceyhan terminal exceeds 15 million tons YTD
Iran's economic ties entering new phase - President Rouhani
Talks being held on possibly supplying trains of Spanish production to Uzbekistan
Oil prices fall for second session as COVID-19 lockdown concerns cast pall over demand prospects
Cargo movement in Iran’s Shahid Rajaee port disclosed
Financial capital for creation of airline in Iran to be calculated with national currency
All products of Iran's Shazand Oil Refining Company to meet Euro 5 standards
Iran unveils details of exports and imports via Imam Khomeini port
Work underway in Iran to provide ship supplying for Iranian Ports & Maritime Organization
Azerbaijan developing new bills
Volume of cargo loaded and unloaded in Iranian ports announced
Azerbaijan Diplomatic Academy to implement sociological research project
Another success of Azerbaijani president's economic strategy: Dostlug agreement - event of week
When MV Mozart vessel enters Gabonese port, body of Azerbaijani engineer to be sent to homeland - Turkish FM
Iran produces equipment for NIDC domestically
Azerbaijan discloses number of active users of educational programs
Azerbaijani MoD commission continues consideration of appeals of Karabakh War participants
Central Bank of Azerbaijan discloses amount of foreign exchange reserves for coming years
Azerbaijani people's artist, ambassador to Russia arrive in Shusha city as victors
Production of gypsum plaster increases in Azerbaijan in 2020
Oil extraction from Iran's Surush oil field to grow
Apple supplier Luxshare shares fall after U.S. patent infringement notice
China's Kuaishou aims to raise up to $5.42 billion in Hong Kong IPO
Thailand to sell $2 billion of savings bonds to finance stimulus measures
Turkey sold buses to 99 countries in 2020
Iranian COVID-19 vaccine proves safe
Georgian Parliamentary Delegation to attend PACE winter session
WHO appoints new representative to Tajikistan
Makers of Sophia the robot plan mass rollout amid pandemic
Iran's North Azadegan field to be handed over to Arvandan Oil & Gas Company
Mexican president Lopez Obrador tests positive for COVID-19
Sweden bans entry from Norway over new coronavirus variant
Kazakhstan boosts imports from Israel amid COVID-19
34 Houthi rebels killed in Saudi-led airstrikes in central Yemen
5.2-magnitude quake hits Tajikistan
Deutsche Bank starts probe in relation to engagement with some clients
5 terrorists killed in NW Pakistan
Saudi sovereign fund to double assets in next five years to $1.07 trillion - Crown Prince
Azerbaijan completes repair and construction work on roads of Samukh district
Bahar Azadi gold coin price rebounds in Iran
Iranian Energy Exchange announces products to be on sale on January 25
Weekly review of events in agricultural sector of Azerbaijan
Khazar Consortium opens tender for purchase of cartridges, toners
Georgian exports of knitwear to Turkey decreases
Turkmenistan’s State Concern to sign contract with Chinese company for drilling pipes purchase
Israeli embassy welcomes scheduled resumption of flights to Georgia
Bazargan border reopened after unprecedented snow
Cobalt becomes most produced car in Uzbekistan last year
Turkey registers more than 5 200 new coronavirus cases
Mexican authorities recover 19 bodies, some shot and burned, in remote area
Israel bans international flights to curb coronavirus spread
Bulk of construction work completed in Uzbekistan falls on private sector
FM Zarif arrives in Baku
Turkey to receive 6.5 million doses of China's vaccine next week
All news