Last week review (Apr. 18-22)

April 18

AccessBank signs first loan agreement under EBRD co-financing facility

AccessBank signed the first loan agreement under the EBRD co-financing facility (MCFF) with its long-term client Eurohome. The Bank will provide financing to Eurohome jointly with the EBRD for the development of new construction markets in Azerbaijan.

On behalf of AccessBank, CEO Michael Hoffmann commented: "Eurohome is a strong and experienced player in the Azerbaijani construction material market. The project funded under the co-financing facility is a good example of forward looking investment in an economically challenging period."

IMF interested in providing Azerbaijan's Financial Market Supervisory Body with technical support

The International Monetary Fund (IMF) is interested in rendering technical support and implementing joint projects with Azerbaijan's Financial Market Supervisory Body, said Philip Bartholomew, head of the technical support mission in the IMF's Middle East and Central Asia department.

Bartholomew made this statement at a meeting with Rufat Aslanli, chairman of the Board of Directors of the Financial Market Supervisory Body in Baku.

Then the sides discussed the measures to preserve financial stability and, in this context, the prospects for future cooperation between the Financial Market Supervisory Body and the IMF.

President Aliyev attends opening of Bakubus LLC's second bus depot

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of the second bus depot of Bakubus LLC. The president was informed of the conditions created at the facility. The depot provides a parking lot for up to 300 buses.

April 19

Azerbaijani president attends opening of new metro stations in Baku

President of the Republic of Azerbaijan Ilham Aliyev attended the opening of Avtovagzal and Memar Ajami stations of the new violet line of Baku Metro.

Azerbaijani president attends opening of new administrative building of Azeravtoyol OJSC

President of the Republic of Azerbaijan Ilham Aliyev attended the opening of a new administrative building of Azeravtoyol OJSC.

April 20

President Aliyev, spouse review conditions created at new park in Baku

President of the Republic of Azerbaijan Ilham Aliyev and his spouse Mehriban Aliyeva reviewed the conditions created at a newly built recreation park in Nasimi district, Baku.

President Aliyev, spouse review newly reconstructed street in Baku's Bina settlement

President of the Republic of Azerbaijan Ilham Aliyev and his spouse Mehriban Aliyeva reviewed newly reconstructed Ali Isazade street in Bina settlement of Khazar district, Baku.

Azerbaijan hosts groundbreaking ceremony for Astara railway bridge

A groundbreaking ceremony was held for construction of a railroad bridge over the Astara River on the Azerbaijani-Iranian border. The ceremony was attended by the co-chairs of the Azerbaijan-Iran Joint Intergovernmental Commission for Economic, Trade and Humanitarian Cooperation - Azerbaijan's Economy Minister Shahin Mustafayev and Iran's Minister of Communications and Information Technology Mahmoud Vaezi.

The railroad bridge over the Astara River is a strategically important facility that will connect the railways of Azerbaijan and Iran.

Azerbaijan, Latvia sign protocol in automobile sector

Azerbaijan and Latvia signed a protocol on the basis of agreements reached during the meeting of Commission on international relations between the representatives of the two countries' transport ministries. The commission's meeting was held in Riga, Latvia.

The parties discussed the current state of international road transportation, current problems and prospects of development during the meeting.

Meanwhile, the increase in freight traffic through the North-South international transportation corridor, determination of a contingent of permits for 2016-2017 and other issues of mutual interest were also discussed during the meeting.

April 21

Investments in Azerbaijani-Iranian pharmaceutical JV to exceed $30M

Some $34 million will be invested in the establishment of an Iranian-Azerbaijani pharmaceutical joint venture in the Sumgait Chemical Industrial Park, Kambiz Amjadi, head of Iran's Darou Pakhsh Holding Company, said.

The Iranian company inked an MOU with the Sumgait Industrial Park, the Azerbaijan Investment Company and Azersun Holding in Baku as part of the project.

Iran to provide Azerbaijan with technology for car manufacturing

Iran's giant auto maker Iran Khodro (IKCO) reached an agreement with Azerbaijan to establish a company for producing the IKCO cars in the Azerbaijani southern city of Neftchala, Saeid Tafazzoli, the company's deputy CEO for export, said.

"Azeurocar will put investment in the project and Iran Khodro will provide the Azerbaijani company with technological know-how, equipment and machinery," said Tafazzoli.

Elaborating on the brands of the cars to be produced in Azerbaijan, the official said that Soren and Samand cars are among the vehicles to be produced in Azerbaijan.

April 22

President Aliyev attends ceremony to launch passenger ships

President of the Republic of Azerbaijan Ilham Aliyev has attended a ceremony to launch the "Ufuq", "Zafar" and "Turan" passenger ships built by the Caspian Shipping Company.

US ready to support development of alternative energy in Azerbaijan

The US is ready to support Azerbaijan in the development of alternative energy, Tom Weirich, senior vice president of the American Council on Renewable Energy (ACORE), said.

The long-term cooperation in this field will be beneficial for both the US and Azerbaijan, said Weirich. Weirich, who participated in the conference titled "Energy, renewable sources and stability", noted the importance of such meetings for the exchange of experience in the sphere of alternative and renewable energy.

Azerbaijan to allocate $500M loan for Iran's railway project

Azerbaijan agreed to open a $500 million credit line to finance the Rasht-Astara railway project, Iran's Minister of Communications and Information Technology Mahmoud Vaezi said. Vaezi said the Qazvin-Rasht-Astara railway will connect Iran's railway network to that of Azerbaijan. He said the Rasht-Astara railway project is expected to need $0.9-$1 billion of investment, of which $500 million will be financed through an Azerbaijani loan.

"Allocation of a loan by Azerbaijan to this project accelerates the implementation of the North-South transportation corridor," he added.

Ceyhan terminal transships over 38 million tons of ACG oil since early 2021
Ceyhan terminal transships over 38 million tons of ACG oil since early 2021
Azerbaijani oil prices up
Azerbaijani oil prices up
Gold price in Azerbaijan decreases
Gold price in Azerbaijan decreases
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Kazakhstan's KazTransOil reports increase in net profit for 2020
Uzbekistan, Iran talk prospects for dev’t of trade, economic relations
Uzbekistan increases flights to Kazakhstan
Ceyhan terminal transships over 38 million tons of ACG oil since early 2021
SHELL & TURCAS PETROL A.S. reduces petroleum products’ sales in Turkey
Azerbaijani oil prices up
Azerbaijan IT company eyes co-op with banking sector
Gold price in Azerbaijan decreases
Turkmennebit opens tender for purchase of spare parts
Turkey releases 2M2021 data on cargo, passenger traffic at new Istanbul Airport
Kazakhstan's Air Astana opens tender to buy batteries
Pellet plant put into operation in Iran's Yazd Province
BP PETROLLERİ A.S. boosts jet fuel exports
Khazar Consortium opens tender for batteries purchase
Switzerland nearly doubles imports of Azerbaijani products
U.N. envoy in Doha to push on Afghan peace process
IsDB, IRTI, and ADB Co-host GVC Side-event at 52nd Session of UN Statistical Commission
Latvia eyes intensification mutually beneficial co-op with Uzbekistan
Iran's Bank Refah Kargaran unveils amount of issued loans
Azerbaijan shows footage from Fuzuli's Gorazilly village (VIDEO)
Consuls General of Azerbaijan and Turkey meet Pakistani American community leaders (PHOTO)
Uzbekistan reveals its COVID-19 data for March 9
Big investments made in Iran's industrial sector
Iranian currency rates for March 9
Azerbaijani currency rates for March 9
Iran to provide water for more villages in seven of its provinces
Iran's Securities and Exchange Organization calls to solve cryptocurrency issue
Oil prices rise on expected economic recovery, likely drawdown in oil stocks
Iran bans travels to some cities due to COVID-19
WHO supportive of electronic vaccination certificates — department chief
Italy's coronavirus deaths top grim milestone of 100,000
Estonia introduces strict one-month quarantine from March 11
EFSE sets to deepen engagement with Georgian financial institutions
Israel reports 3,130 new COVID-19 cases, 804,591 in total
WHO calls for strengthening women's leadership during COVID-19
Number of new COVID-19 cases in Spain continues to fall
PayPal buys Israeli cyber security company
France reports 359 new COVID-19 deaths, ICU admissions hit new high
EU to receive 100 mln vaccine doses per month from April: von der Leyen
Canada set to mourn COVID-19 victims, salute health workers on March 11
UK PM says higher risk of virus transmission "inevitable" as schools reopen in England
Finnish researchers develop nasal spray COVID-19 vaccine
Germany starts easing COVID-19 lockdown
Conversations ongoing on potential projects between Turkmenistan, UK
Exports to Iraq via Mehran crossing top $460m
Turkey passes 10 million mark in COVID-19 vaccinations
Georgian parliamentary committees to hear report on HPP construction
Official representative of Presidential Administration of Azerbaijan thanks Israel for medical assistance - Israel HaYom
UN chief urges countries to adopt special measures, quotas to advance women's equal participation
UK records another 4,712 coronavirus cases
Supreme Court rejects final Trump election challenge
India may start full operations at Chabahar port by May end
Iran profits from gas transmission development
Georgia 1st among best destinations for vaccinated travellers in 2021
Erdogan, Johnson discuss bilateral developments over phone
Electricity consumption in February amounted to 1.6 bln kWh in Kyrgyzstan
US coronavirus cases exceed 29 mln
Yellen says Biden COVID bill to fuel 'very strong' U.S. recovery
Iran's budget deficit decreases
Iran's Energy Exchange announces products to be on sale on March 9
Africa's confirmed COVID-19 cases pass 3.96 mln: Africa CDC
Syria's President Bashar al-Assad tests positive for Covid-19
Employment in Iran's industrial sector increases
Bulk of Jan.2021 loans to electric energy sector in Azerbaijan issued in foreign currency
Azerbaijan confirms 71 more COVID-19 recoveries
Loading-unloading of cargo in ports of Iran's Gilan Province expands
Iran's power consumption reduced by Omid plan
Iran to inaugurate more projects in free economic zones
Iran has developed steel supply chain - Iranian President
Iran's Securities and Exchanges Organization talks number of investors in capital market
Iran’s Bahar Azadi gold coin price rising
Volume of dry-farming land in Iran increases
Iran's NISOC begins excavations on its territory
Iran’s South Pars Gas Company reveals production data of its refinery
Iran waits for Europeans to comply with the JCPOA - MFA
Iran to make decision whether to open schools after Nowruz holiday
Production of LPG-fueled cars in Iran's interests - Chamber of Commerce
Armenia's war crimes exposed at UN Congress
Azerbaijan sees growth in Jan.2021 transactions via clearing system for small payments
Iran boosts car manufacturing
Spanish La Vanguardia: Return to Azerbaijan's Karabakh after war
Azerbaijan’s export of ferrous metal products down
Turkmenbashi Oil Refineries opens tender for purchase of gasoline
Britain's M&S expands online business to over 100 markets
Dustbin of history - place for former Armenian president Kocharian, 'Karabakh clan' - historian
Khazar Consortium opens tender to purchase cementing unit
Turkey’s food retail chain Migros to bolster gender-equal workforce and greener stores
Iran Mercantile Exchange working to expand sale of goods
Iran reveals COVID-19 data for March 8
Modi to inaugurate Maitri Setu between India and Bangladesh on Tuesday
India's Covid Vaccine Rollout "Rescued The World": Top US Scientist
India pre-eminent partner of US in Indo-Pacific region: Blinken tells Jaishankar
Bachendri Pal to lead all women team aged above 50 in a 5 month long Himalayan expedition
Satellite set for Mar 28 launch will provide near real time images of borders, quick monitoring of natural disasters
Sikh Fighter Pilot Memorial In UK To Honour Indians Who Fought In World Wars
IMF, Georgia review agenda of bilateral cooperation
Iranian President and Irish FM discuss JCPOA
Iran reserves strategic basic goods
Iran’s Rouhani asks for release of frozen assets in Iraqi banks
Iranian parliament approves increase of salaries to aid low incomes
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