Last week review (Sept. 22-26)

Sept. 22

President Aliyev opens ferry terminal of New Baku International Trade Sea Port Complex

A ceremony was held to open a ferry terminal as part of the first stage of the construction of the New Baku International Trade Sea Port Complex.

President of the Republic of Azerbaijan Ilham Aliyev attended the opening ceremony.

The president then addressed the event and launched the terminal.

Azerbaijan proposes to create joint intergov't commission with UK

The establishment of an Azerbaijan-Great Britain intergovernmental commission promotes the expansion of bilateral relations, Azerbaijani Minister of Economy and Industry Shahin Mustafayev said.
He made the remarks at the meeting with British Minister of State for Trade and Investment, Lord Ian Livingston.
Mustafayev said that the two countries have great potential to expand the cooperation in the fields of ICT, tourism, production, processing and sale of agricultural products.

Sept. 23

Azerbaijan, Russia create intergov't group for investment, trade

Azerbaijan will double food supplies to Russia and expand their range by 1.5 times in 2014-2015, Extraordinary and Plenipotentiary Ambassador of Azerbaijan to Russia Polad Bulbuloglu told Russian business newspaper.
"A joint intergovernmental group for agricultural trade and investment in an agro-industrial complex will be created until late September," he said. "Moreover, the Azerbaijani side plans to increase gas supplies to Russia, transit of oil through the port of Novorossiysk and use the national currency in joint settlements."
Bulbuloglu said that as opposed to many countries, "using the situation in connection with the retaliatory measures of the Russian Federation", Azerbaijan does not intend to raise the prices on agricultural products supplied to the Russian Federation.

Azerbaijan invests over $120 million in renewable energy - State agency

Over 100 million AZN has been invested in the development of alternative and renewable energy sources in Azerbaijan from public funds so far, the head of the State Agency for Alternative and Renewable Energy of Azerbaijan Akim Badalov said within the framework of the regular business forum organized by Caspian European Club (CEIBC).

He added that the country has created favorable conditions for the development of this new direction for Azerbaijan: companies operating in this sector were exempted from customs duties and taxes.

Third issue of debt securities placement for Southern Gas Corridor begins

The State Committee for Securities registered the issue prospectus of interest-bearing book-entry registered unsecured bonds of the Southern Gas Corridor CJSC in the amount of $101.12 million, the Baku Stock Exchange (BSE) stated.

Some 1.011.200 bonds with a nominal value of $100 each have been issued within the framework of the emission. PSG-Broker LLC is the underwriter of the placement.

The turnover period is 10 calendar years, with the yield of 6 month Libor +1 percent. Payment of interest will be carried out every 6 months.

Sept. 24

Azerbaijan prepares tax service optimal control model

A new twinning project "Azerbaijani Taxes Ministry's support in the field of human resource development" corresponds to the strategic plan of the ministry, the head of the EU office in Azerbaijan Malena Mard said during a presentation of the project in Baku.

"This project will play a fundamental role in the cooperation between the EU and Azerbaijan," she said. The project will be implemented within two years.

The project consists of three components, the head of the twinning project, Adviser to the Minister of Taxes Asaf Asadov said. The first component envisages the creation of a long-term strategy and a plan for human resource development. It is planned to update the regulatory framework of the Ministry of Taxes in the field of human resource development as part of the second component, and the third one - a modification of the training system in this area.

Azerbaijan's investment in Turkish economy to grow 4 times

The total investment of Azerbaijan in the Turkish economy will amount to $20 billion with the construction of the Trans-Anatolian gas pipeline (TANAP), the vice-president of SOCAR (State Oil Company of Azerbaijan) on economic issues Suleyman Gasimov said during the regional conference "Economic growth and industrialization: the possibility of Azerbaijan and Turkey's experience," in Baku.

The conference was organized by the Azerbaijan-Turkey Business Association (ATIB) under the partnership of the National Confederation of Entrepreneurs of Azerbaijan in connection with the announcement of 2014 year as the year of industry in the country.

The volume of investments, along with TANAP, also includes investments of SOCAR to the development of the petrochemical industry in Turkey, according to Gasimov.

Iran, Azerbaijan interested in development of cooperation between IT-companies

Iran and Azerbaijan are interested in the development of cooperation between the private companies working in the field of information technologies, Iranian Deputy Minister of Communications and Information Technologies Mujtaba Hashemi, who is on a visit to Azerbaijan, said.

Hashemi said that the purpose of his visit to Azerbaijan is to create an appropriate contractual framework. He added that the sides will seek to reach an agreement during the discussions with the private companies. The sides plan to sign an agreement on cooperation between the two countries in the field of postal services and IT following the discussions.

During the visit, Hashemi is accompanied by the representatives of 15 companies engaged in the field of communications and IT.

Sept. 26

ADB leaves Azerbaijan's economic growth forecast unchanged

The Asian Development Bank (ADB) retained its GDP growth forecast on Azerbaijan in 2014 and 2015 without any changes, the updated report of Asian Development Outlook 2014 said.

As in the previous report [released in April], the bank expects that the rate of GDP growth will amount to 5 percent in 2014, and 4.8 percent in 2015.

"Although the growth rate of the economy of Azerbaijan in the first half of 2014 declined by less than a half of the expected forecast, the projected growth in the areas of oil production, construction, services and agriculture in the second half of this year will back up the previous forecast of growth," the report said.

ADB also kept the inflation forecast in Azerbaijan for 2014 and 2015 unchanged - at the level of 4 and 3.5 percent, respectively.

New strategy of Azerbaijan's partnership with UN to be approved before end of year

A framework document on partnership between Azerbaijan and the United Nations (UNAPF), covering the period of 2016-2020 will be adopted before the end of this year, UN Resident Coordinator in Azerbaijan Antonius Broek said.

"Consultations were held today with the participation of representatives of government agencies, international organizations, private sector and civil society at the conference on approve of the priority areas of the regular partnership strategy within the framework of the UNAPF. During the next three months, the document will be finalized taking into account the proposals made at the conference," Brooke said.

The conference was organized by the Ministry of Economy and Industry of Azerbaijan to discuss the priorities of the Government's cooperation with the UN.

Subscribe to Trend in Google News! Subscribe
Minister of Roads and Urban Development of Iran to visit Azerbaijan
Minister of Roads and Urban Development of Iran to visit Azerbaijan
US Navy says it detained ship delivering cargo for Houthis from Iran
US Navy says it detained ship delivering cargo for Houthis from Iran
Iran seeks long-term, all-out ties with Turkey - Raeisi
Iran seeks long-term, all-out ties with Turkey - Raeisi
Loading Bars
Latest
Minister of Roads and Urban Development of Iran to visit Azerbaijan
Armenian president resigns
Iraq schedules crude shipments for March loading amid strong demand: Official
Italy's Berlusconi hospitalised in Milan since Thursday
Turkey sees increase in number of real estate purchased by Kazakh citizens in 2021
Talks between Taliban and Western and Afghan representatives underway in Norway
Azerbaijan shares data on number of vaccinated citizens
Iran’s Bahar Azadi gold coin price rebounds
Azerbaijan confirms 1,697 more COVID-19 cases, 526 recoveries
Some 72 COVID-19 cases recorded among those arrived at Beijing Olympics
Thai PM to visit Saudi Arabia as diplomatic relations thaw
US Navy says it detained ship delivering cargo for Houthis from Iran
Biggest problem with US is its support to YPG: Defense minister
Russia confirms over 63,200 COVID-19 daily cases
Azerbaijan prioritizes creation of food safety through local production
Azerbaijani Defense Ministry presents weekly review (VIDEO)
Expat doctors worked alongside Kuwaiti counterparts to revive Kuwaiti health sector: Dr Riyadh Khan
Iran reveals COVID-19 data for January 23
Weekly review of main events of Azerbaijani financial market
Weekly review of main events in Azerbaijan’s ICT sector
Iran discloses volume of electricity generated by Gilan Combined Cycle Power Plant
Weekly review of Azerbaijani precious metals market
Azerbaijan commissions new military facilities (PHOTO/VIDEO)
Tickets are available for two bus trips to Azerbaijan’s liberated Aghdam city
Tank and artillery shells found in Azerbaijan’s Samur-Absheron canal (PHOTO/VIDEO)
Bosphorus Strait temporarily closed in both directions
One person killed, two hurt in Budapest hospital fire -police
Intercity bus plunges into abyss in Turkey’s Istanbul city
An extra meal and snacks twice a day was all it took to improve falling nutrition levels in this tribal district
Almost all Kazakhstan remains in COVID-19 ‘red zone’
Nadal beats Mannarino in battle of left-handers to reach last eight
Azerbaijan holds training exercises in commando military unit (VIDEO)
Georgia reports 9,696 coronavirus cases, 5,408 recoveries, 28 deaths
Training session for reservists continues in Azerbaijan (VIDEO)
Iranian currency rates for January 23
Arab League delays annual summit as COVID-19 bites again
Turkey plans to hold next meeting within "3 + 3" format - Erdogan
New Zealand PM Jacinda Ardern cancels her wedding amid new Omicron restrictions
S.Korea says Iran to regain UN vote after delinquent dues paid with frozen funds
Electricity generation of Iran’s Bandar Abbas TPP surges
Uz-Kor Gas Chemical opens tender for purchase spare parts for analyzers and gas detectors
SCO to consider draft program proposed by Uzbekistan
Iran-Russia annual trade to increase to $10 b from $4 b
Kazakhstan confirms 14,012 new COVID-19 cases in 24 hr
French EU lawmaker Collard joins far-right presidential candidate Zemmour
Pfizer, Moderna boosters up to 90% effective against Omicron: CDC
Turkey’s Turkovac to be tested as booster for Pfizer-BioNTech jab
Guinea junta establishes council to lead transition to elections
Visit aims to rebuild trust with Lebanon: Kuwait foreign minister
UK records 76,807 new COVID cases, 297 deaths
EU Commissioner for Energy to visit Azerbaijan
Pfizer CEO sees annual COVID vaccine rather than frequent boosters
US Dept of State plans to begin evacuation of US embassy staff from Kiev on Jan 24
Blast hits western Afghan city of Herat, killing at least six
Georgia’s coal imports from Kazakhstan triple
Presidential administration of Georgia submits candidates for election commission to parliament
Remittances to Uzbekistan in 2021 totaled USD 8 bln
Iran seeks long-term, all-out ties with Turkey - Raeisi
Massive California wildfire triggers evacuations, closes highway
Italy's Berlusconi decides against running for president
Azerbaijan, Iran talk military cooperation
Azerbaijani chess player continues to lead in Tata Steel Masters tournament
Serviceman of Azerbaijan Army dies in non-combat conditions
Number of Turkish jobseekers in Uzbekistan revealed for 2021
UAE stops all private drone activities, light sports aircrafts
Airbus cancels $6bn contract with Qatar Airways
German conservatives elect right-winger Merz as new party leader
Non-hydro renewables overtake hydro for first time in Turkey
Record-breaking indicators in non-oil sector - what is secret to success of Azerbaijan's economic strategy?
Iran shares data on exports from Aras Free Trade Zone
Kazakhstan names damage caused to business as result of large-scale rallies
Georgia publishes COVID-19 data for January 22
Iran’s Bahar Azadi gold coin price dips
India now allows 6 people to register on one number for Covid vaccination
Azerbaijan shares data on number of vaccinated citizens
Azerbaijan confirms 1,614 more COVID-19 cases, 610 recoveries
Azerbaijan changes rules for quarantine control of Covid-19
India's Karnataka approves design & launch of nano-satellite by govt school students at Rs 1.9 Cr
‘One Modi cannot change a country, need more icons like him’: Himanta Biswa Sarma
Seizing of illegally stored weapons from citizens continues in Kazakhstan - interior minister
Azerbaijani border serviceman commits suicide in military hospital
Iran unveils details of agricultural export
Kazakh Armed Forces performing tasks to ensure public order in regions with “red” level of terrorist threat
Tokyo hits record 10,000 COVID cases, Japan over 50,000 for first time
Number of COVID-19 infections in Russia surpasses 11 mln since pandemic began
Kazakhstan developing measures to reform Samruk-Kazyna Fund's activities
PMO records surge in load/unload operations at Iranian ports
S&P predicts gas production growth in Azerbaijan through 2025
Turkmen medical enterprise discloses production data
Azerbaijan to hold auction for Ferrum Kapital CJSC's bonds
Kazakh president talks need to continue work to reveal all circumstances of recent riots
Kazakh oil and gas company to purchase helium via tender
Iran reveals COVID-19 data for January 22
Oil price spikes likely in 2022 amid inventory tightness midyear
7 killed, 16 injured in massive fire in central Mumbai high-rise
Oil demand to be robust in coming years despite net-zero strategies
India reports 3,37,704 new Covid cases, 488 deaths in 24 hours
Number of COVID-19 infections in Russia surpasses 11 mln since pandemic began
OPEC+ focus to switch away from propping up prices
Iran shares data on buy/sell operations at its Mercantile Exchange
All news