Last week review (Mar.9-12)

March 10

Belarus ready to co-op with Azerbaijan in all spheres

Belarus is ready to cooperate with Azerbaijan in all spheres, President of Belarus Alexander Lukashenko said as he met with First Deputy Prime Minister of Azerbaijan Yaqub Eyyubov, BelTA reported.

Lukashenko said the trade with Azerbaijan is very beneficial for Belarus, adding that the trade turnover between the two countries increased in 2014.

He reminded that there are joint ventures to produce Belarusian tractors, freight vehicles, elevators and other equipment in Azerbaijan.

He said the promotion of joint products to third countries and the Caucasus region is the next step.

March 11

Sufficient capital buffers of Azerbaijani banks mitigate effects of change in manat rate

Fitch Ratings has affirmed the Long-term foreign currency Issuer Default Ratings (IDRs) of Azerbaijan-based Unibank, DemirBank and Express Bank at 'B' and AtaBank at 'B-', said the message of Fitch Ratings, the international rating agency. The Outlooks on all four banks are Stable.

"The affirmations of Unibank, DemirBank, Express Bank and AtaBank reflect the so far only moderate deterioration of the banks' credit profiles amid the weakening operating environment driven by the sharp drop in oil prices, and limited direct impact from the recent 34 percent local currency devaluation," said the message.

Tajikistan interested in Azerbaijani mining, agriculture investments

Tajikistan is interested in attracting Azerbaijani investments in the mining industry and agriculture, the Tajik ambassador in Baku, Zohir Saidov said.

The ambassador said Tajikistan wants to invite Azerbaijani specialists to work in these sectors of the economy. The ambassador noted that Tajikistan actively cooperates with the Azerbaijani company Azeraluminium.

"Aside from that, talks are currently underway with the Azerbaijani company Azersun on investing in construction of large fruit and vegetable processing enterprises in Tajikistan," he said.

Azerbaijan intends to increase annual number of tourists to 5 million

Azerbaijan intends to increase the number of tourists visiting the country to 5 million people per year, the country's Minister of Culture and Tourism Abulfas Garayev said.

He made the remarks during the Caspian Energy Forum-2015 held in Baku.

The minister said the share of tourism in Azerbaijan's GDP is 2.4 percent, or 1.3 billion Azerbaijani manats, adding that it is a very good level.

"The inrush of tourists to Azerbaijan has increased in recent times thanks to the stable situation in the country," said Garayev.

The minister added that the inrush of tourists to Azerbaijan from more distant countries has increased. "We have seen increase in the number of tourists from Europe, the US, Far East countries and Arab states in recent times."

Recently there has been a decrease in the total share of Russian and Georgian tourists visiting Azerbaijan, according to Garayev.

March 12

Azerbaijani, Pakistani presidents attend joint business forum

The Azerbaijani-Pakistani business forum kicked off in Baku.

President of the Republic of Azerbaijan Ilham Aliyev and President of the Islamic Republic of Pakistan Mamnoon Hussain attended the event.

Following this, Azerbaijan Chamber of Commerce and Industry signed a Memorandum of Understanding with the Federation of Pakistan Chambers of Commerce and Industry.

The forum, which brought together Azerbaijani and Pakistani officials and nearly 100 businessmen from the fields of agriculture, industry, construction, healthcare, ICT and other areas.

Russia to deliver nearly 3,000 freight cars to Azerbaijan

Russia's UralVagonZavod Research and Production Corporation, will deliver 2,900 freight cars of various models to Azerbaijan Railways CJSC, the message from UralVagonZavod said.

Head of Azerbaijan Railways company Javid Gurbanov and the director general of UralVagonZavod Corporation, Oleg Sienko discussed various aspects of cooperation during the negotiations in Baku, according to the message.

Following the negotiations, the sides signed an agreement on delivering 2,900 various models of freight cars to Azerbaijan Railways CJSC.

March 13

Southern Gas Corridor means opportunities

The Southern Gas Corridor project, designed to transport gas from the Caspian region to the European countries, offers a number of opportunities to Azerbaijan and other countries as well, Azerbaijan's Energy Minister Natig Aliyev said.

Speaking at the third Caspian Corridor Conference organized at the headquarters of the European Bank for Reconstruction and Development (EBRD) in London, Aliyev said that the Trans Anatolian gas pipeline (TANAP) passes through 20 provinces, 67 districts and near 600 villages from East to West. On the other side, the Trans Adriatic Pipeline (TAP) will pass through the territory of Greece, Albania and to Italy.

He stressed that one of important factors regarding the project is that it creates thousand of jobs in many countries.

Azerbaijani business is ready to invest in Belarus

Azerbaijan is ready to expand its activity in Belarus, the head of the Azerbaijani Export and Investment Promotion Fund (AZPROMO) Rufat Mammadov said at the Azerbaijani-Belarusian business forum in Baku.

He said that Azerbaijan has something to offer to Belarus and Azerbaijani businessmen are ready to invest and to trade with this country.

"The trade and economic relations between the two countries are at a good level," he said.

Mammadov said that despite the bilateral trade has recently increased threefold, this is not the limit. There are 28 companies with Belarusian capital in Azerbaijan.

President Ilham Aliyev attends opening of Mollaisalar-Valiushaghı-Mollaahmadli-Sarkarlar highway in Barda

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening Mollaisalar-Valiushaghı-Mollaahmadli-Sarkarlar highway as part of his visit to Barda.

Mollaisalar-Valiushaghı-Mollaahmadli-Sarkarlar highway, which is 15.5 km in length, links 11 villages with the total population of more than 10,000 people.

The head of state was informed of indicators of the newly-repaired Alpoud-Mustafaaghalı-Nazırlı-Qaratepe road. It was noted that this highway links 14 villages with the population of more than 24,000 people.

March 14

Azerbaijan to revise 2015 state budget

The Azerbaijani government is revising the 2015 budget based on a lower oil price assumption, Fitch Ratings said.

"The budget approved by the country's parliament in November 2014 targeted a state budget deficit of 2.8% of GDP, at an average oil price of USD90/b," the report said. "A weaker exchange rate will cushion the blow to oil revenues in manat, while the government will reduce infrastructure expenditure from very high levels by delaying non-essential upcoming projects. This combination should prevent the general government from going into a sizeable deficit. The general government ran a surplus of 2.9% of GDP in 2014."

"We forecast that growth will fall to 1.5% in 2015.

Fitch Ratings has affirmed Azerbaijan's Long-term foreign and local currency Issuer Default Ratings (IDR) at 'BBB-'. The Outlooks are Stable.

Azerbaijan names finalists in exercise with clubs as part of gymnastics World Cup in Baku
Azerbaijan names finalists in exercise with clubs as part of gymnastics World Cup in Baku
Azerbaijani gymnast reaches finals in exercise with ribbon as part of World Cup in Baku
Azerbaijani gymnast reaches finals in exercise with ribbon as part of World Cup in Baku
Azerbaijan to continue online lessons in 10th-11th grades, minister says
Azerbaijan to continue online lessons in 10th-11th grades, minister says
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Azerbaijani ADA University sсreens film timed to Day of Victory in WWII (PHOTO)
Azerbaijan names finalists in exercise with clubs as part of gymnastics World Cup in Baku
Azerbaijani gymnast reaches finals in exercise with ribbon as part of World Cup in Baku
Iran providing much needed mechanization for farmers in Qazvin Province
Germany’s import of steel from Turkey up
Azerbaijani president allocates funds for construction of new school in Shusha
Funds allocated for construction, repairs of educational institutions in Baku
Uzbekistan interested in co-op with French pharmaceutical company
Funds allocated for creation of heat supply system in Azerbaijan’s Shusha
France’s import of steel from Turkey up
Iran's Energy Exchange announces products to be on sale on May 9
Azerbaijani Finance Ministry places medium-term bonds on auction
Cotton spinning factory of Turkmenistan’s Lebap region names production data
Chevron should remain cautious in further increasing oil & gas production
Azerbaijan to continue online lessons in 10th-11th grades, minister says
Foreign shipping lines expected to return to Iran
Austria increases import of steel from Turkey
Fars Province to be connected to north-east and south-east of Iran via railway line
1Q2021 value of operations via interbank national settlements system in Azerbaijan down
United Arab Bank turns around with Dh10.2 million net profit
Azerbaijan's MoD shares video about Shusha - cultural capital of Azerbaijan
New jobs created in Iran's Ardabil Province
Turkmenistan's Turkmengas opens tender for overhaul of gas turbine engines
Iran’s Bahar Azadi gold coin price falls
World Cup in Baku became one of my favorite competitions - Azerbaijani gymnast (PHOTO)
Khazar Consortium opens tender for purchase of controller
Value of Iran's import of Turkish steel in 4M2021 grows
Russia’s coronavirus reproduction rate remains below 1
Azerbaijan sets up new military units in liberated lands (PHOTO)
Kazakhstan increases exports to UAE
Best moments of second day of Rhythmic Gymnastics World Cup in Baku (PHOTO)
Kazakh gymnast shares impressions of Rhythmic Gymnastics World Cup taking place in Baku
Cult of personality of Garegin Nzhdeh in Armenia can be compared with that of Hitler in Nazi Germany – Russian analyst
Azerbaijan shares data on number of vaccinated citizens for May 8
EU sceptical on vaccine waiver, but ready to discuss proposal
Azerbaijan confirms 649 more COVID-19 cases, 1,720 recoveries
Iran declares details of exports from Ardabil Province
Uzbekistan projects volume of direct foreign investments for 2021
Exports via Iran's Sistan and Baluchestan Province up
Turkey's 4M2021 export of steel to Georgia surges in value
China boosts import of Azerbaijani products y-o-y
Azerbaijan's Central Bank unveils data on foreign exchange transactions over March 2021
Azerbaijani Ro-Pax type ferry reaches Kazakh port of Kuryk (PHOTO)
G-7 countries back Taiwan's observer status in World Health Assembly
Lack of minefield maps delays mine clearance - Trend TV
Uzbekistan’s 1Q2021 cars export revealed
Results of Azerbaijani gymnasts’ performance in exercises with clubs, ribbons as part of Rhythmic Gymnastics World Cup in Baku (PHOTO)
Turkish Energy Ministry prolongs oil, gas exploration licenses for several companies
Azerbaijani president displayed successful strategy on battlefield and in media - two tactics of Great Victory
Turkmenistan sees active dev't of cotton industry
Latvia reveals main economic indicators of bilateral cooperation with Georgia
Iran discloses number of restored mines in South Khorasan Province
Germany's confirmed coronavirus cases rise by 15,685
Azerbaijan's CBC radio starts broadcasting in Karabakh
Iran's Khorasan Razavi Province to increase trade with Turkmenistan
First Vice-President Mehriban Aliyeva made Instagram post on Shusha (VIDEO)
Iran to import Coronavirus vaccine - President Rouhani
Uzbekistan, Kazakhstan implementing road and railroad construction projects
Competitions in Baku always held at highest level - Slovenian gymnast
Azerbaijani Defense Ministry discloses events to be held on occasion of Victory Day - May 9
Buy/sell operations at Iran Mercantile Exchange revealed
Iran Khodro Diesel Company boots its production
Azerbaijan’s Baku city always warmly welcoming - Ukrainian gymnast
Uzbekistan's international reserves grow
Sri Lanka approves Pfizer COVID vaccine for emergency use
Turkmenistan signs decree on pardon for Qadr Night
Uzbekistan Railways plans to resume railway communication with Russia and Kazakhstan
Iran's IMIDRO begins study of public and comparative discovery in Albalaq mine
Azerbaijan’s Azerenergy company names winner of tenders for maintenance of IT equipment
Number of Azerbaijani insurance companies entitled to operate within Green Card system increase
Kazakhstan’s Intergas Central Asia company opens tender to attract services
Baku Stock Exchange unveils 4M2021 transactions on corporate securities
Azerbaijan expanding cooperation with Czech Republic in nanotechnologies
Iran reveals COVID-19 data for May 8
Uzbekistan suspends flights to Turkey and India
Scientific conferences, organized by Baku Higher Oil School on occasion of 98th anniversary of National Leader Heydar Aliyev, are coming to an end (PHOTO)
Uzbek ministry extends tender for pumping and power equipment
Saudi Crown Prince, Pakistan’s PM hold talks as bilateral agreements, MoUs signed
Russia records another 8,329 new daily coronavirus cases
Kazakh-Turkish JV launches tender to attract equipment inspection services
Iran's Shahid Tondgooyan Petrochemical Company plans to increase production
Azerbaijani Central Bank makes allocations for software platform support
Israel among 12 ‘green’ countries okayed for UK summer travelers
Rhythmic Gymnastics World Cup in Baku organized at high level - Georgian gymnast
Kazakh oil refinery opens tender to attract examination services
Int'l Judo Federation thanks Azerbaijan for return of previously detained Armenian judoka
Kazakh Gas Processing Plant opens tender on supply of diesel fuel
Interest in Georgian aviation market growing amid COVID-19
Auto sector urges U.S. Congress to help fund its computer chip needs
Iran’s ISOICO declares amount of attracted funds
Mine clearance work on Fuzuli-Ahmadbayli highway continues in Azerbaijan (PHOTO)
Turkmenistan exceeds plan for transport, communication sector
World Cup competitions at Baku National Gymnastics Arena continue (PHOTO)
Georgia reports 1,564 new coronavirus cases for May 8
Data of Turkmenistan’s construction sector revealed
Supplies of Uzbek cherries to foreign markets to decrease
PASHA Capital - 4M2021 leader in Baku Stock Exchange operations
Uzbekistan developing strategy for promoting textile products to EU market
Turkmenistan records growth in agro-industrial production
S. Korean company eyes producing medical devices in Uzbekistan’s Kashkadarya region
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