Last week review (Aug.8-12)

Aug. 8

Russia-Azerbaijan council to initiate some joint business projects

The Russian-Azerbaijani Business Council (RABC) plans to initiate up to five joint projects in 2016, said RABC Chairman Petr Fradkov in Baku. “Currently, the business council includes about 30 companies representing various sectors of economy,” noted Fradkov. “Of course, both energy and agriculture can be in Russia and Azerbaijan called the most attractive sectors.” He said that to date 10 projects, worth over $380 million, have been supported by the Russian Export Center.

“These projects cover the railway and land transportation, radio engineering and electronics, pharmaceutics, metallurgy, food processing and other sectors,” he said.

Moreover, 15 more projects for delivery of cars, railway and land transportation means, products of chemical industry, agricultural sector, metallurgy and other sectors, are under elaboration, added Fradkov.

Central banks of Iran, Azerbaijan to open checking accounts

Central banks of Iran and Azerbaijan will open checking accounts, Iran's Central Bank Chief Valiollah Seif said in Baku. On the sidelines of bilateral meetings between the Presidents of Iran and Azerbaijan, Hassan Rouhani and Ilham Aliev in Baku, Seif said that according to a memorandum of understanding (MoU) signed between the central banks of the two countries the banks will open checking accounts.

“Meeting with my colleague Elman Rustamov, head of the Central Bank of Azerbaijan, was the main purpose of my visit to Azerbaijan. We discussed expansion of bilateral ties during the meetings today. Economic capacities in both countries require us to seriously increase the volume of trade turnover,” Seif said. The best and the most secure way for defraying the cost of transactions is through the banking system, he added. A checking account in fact is the main factor which is capable of defraying the cost of transactions, he added. The chief of Central Bank of Iran added that the way for establishing the branches of Iranian and Azerbaijani banks in both countries has been paved. The chief further said that under the terms of the MoU the banking card systems of Iran and Azerbaijan will be switched therefore the citizens from the two countries can use their banking cards in Iran and Azerbaijan.

Expanding co-op with Azerbaijan’s SOCAR important for Iran

Iran believes it is necessary to expand the energy cooperation with Azerbaijan’s state oil company SOCAR, said Iran’s Oil Minister Bijan Namdar Zanganeh during a meeting with SOCAR President Rovnag Abdullayev in Baku. During the meeting, the parties discussed issues of mutual interest and the prospects for cooperation.

Azerbaijani, Russian, Iranian presidents sign Baku summit declaration

Presidents of Azerbaijan, Iran and Russia Ilham Aliyev, Hassan Rouhani and Vladimir Putin signed a declaration following their trilateral meeting in Baku. In that declaration, the parties said that they will continue the comprehensive development of equal and mutually beneficial cooperation, intensify and expand the political dialogue in various levels and on all issues of mutual interest, develop the trilateral format of cooperation in the spheres of culture, tourism and business. Moreover, the parties will take effective measures to develop the transportation and communication infrastructure in order to expand the opportunities for passenger and cargo transportation via the North-South corridor.

Aug. 9

WB approves new marketing plan for Azerbaijan’s postal operator

The World Bank (WB) has approved a new marketing plan for the postal operator of Azerbaijan - Azerpoct LLC, said a source in the telecommunications market of the country.

The marketing plan for Azerpoct LLC has been studied by the WB experts, and the final decision on its adoption is expected to be made at the level of management of the company and the Ministry of Communications and High Technologies of Azerbaijan, according to the source.

Earlier, the World Bank and the Swiss State Secretariat for Economic Affairs (SECO) have proposed three components, which provide support for financial stability and activity of Azerpoct LLC. The first component involves corporate restructuring and development of modern financial operations and services. The second component involves rebranding, optimization and technological development. The third one is aimed at the opening of a pilot credit line to support small and medium-sized businesses.

Aug. 10

President Aliyev attends opening of Nohurgishlag-Tuntul-Yengije highway

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of the Nohurgishlag-Tuntul-Yengije highway after the major overhaul as part of his visit to Gabala district. The highway, which links 3 residential areas in Gabala district with the total population of 7,000 people, provides access to the Garamaryam-Ismayilli-Shaki highway.

Azerbaijani president attends opening of ‘Qafqaz Tufandag Mountain Resort’ in Gabala

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of “Qafqaz Tufandag Mountain Resort” in Gabala. The construction of the hotel started in 2014. The five-storey hotel occupies a total area of 4 hectares, with the area of the construction site being 3,400 square meters. The hotel has 50 rooms. There are a 100-seat pub, a 400-seat cafe, a 500-seat steak and wine house, the 200-seat “Duruca” restaurant, and the 500-seat “Qabala” cafe in the complex. The hotel will also offer alpine skiing services.

Azerbaijani president views tourism, sport infrastructure projects underway in Gabala

President of the Republic of Azerbaijan Ilham Aliyev has got acquainted with the tourism and sport infrastructure projects that are being implemented in Gabala.

The head of state was informed that “Qafqaz Aqua Land” hotel is under construction. It will consist of 226 rooms and occupy a total area of 2.5 hectares. The president was told that the construction of “Qafqaz Diamond Hotel” also continues. The head of state was also informed that 66 villas were built under “Qabala Golf Villas” project. The complex also features two three-storey 24-apartment buildings, a SPA and entertainment center, and a kindergarten.

President Aliyev attends opening of Gabala regional “ASAN xidmet” center

President of the Republic of Azerbaijan Ilham Aliyev attended the opening of Gabala regional “ASAN xidmet” center of the State Agency for Public Service and Social Innovations.

The head of state was told that the center will serve a total of 902,435 citizens residing in Gabala, Balakan, Zaqatala, Gakh, Shaki, Oghuz, Ismayilli, Aghsu, Shamakhi and Gobustan districts. The president familiarized himself with new projects here, including “ASAN wifi”, “ASAN VISA” portal, “ASAN i-LAB” innovation laboratory, “BASLA”, and “i-LAB store”.

President Aliyev attends opening of newly reconstructed Qaramaryam-Ismayilli highway

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of the newly reconstructed Qaramaryam-Ismayilli highway.

President Aliyev attends opening of bicycle factory in Ismayilli

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of “ISMA BIKES” bicycle factory as part of his visit to Ismayilli district. The head of state was informed that the facility was built as part of cooperation with the Bulgarian Sofia bicycle factory. President Ilham Aliyev met with representatives of the general public of Ismayilli district.

President Aliyev attends opening of “Ismayilli-2” hydroelectric power plant

President of the Republic of Azerbaijan Ilham Aliyev has attended the opening of “Ismayilli-2” hydroelectric power plant. The head of state was informed that the facility`s total capacity is 1.6 MW. Main components of the power plant include an intake, three 800 mm pipes each measuring 2,115 metres in length, as well as control, security, management and registration systems, three 1.6 MW hydro turbines, three hydro generators, 10kV and 0.4kV substation and power distribution lines. President Ilham Aliyev launched the hydroelectric power plant.

Aug. 11

President Ilham Aliyev receives US Congress rep

President of Azerbaijan Ilham Aliyev received representative of the US Congress, chairman of the House Small Business Committee Steve Chabot.

Aug. 12

Azerbaijan's economy minister receives citizens in Sabirabad district

Minister of Economy of Azerbaijan Shahin Mustafayev has received in Sabirabad district citizens of the country’s Shirvan, Hajigabul and Sabirabad districts, the ministry said. During the meeting held with participation of heads of the relevant departments of the ministry, Mustafayev received appeals from nearly 40 people.

Some appeals were addressed and resolved on the spot, specific instructions were given to promptly address and resolve other issues in accordance with the legislation.

The citizens who came to the reception appealed on issues related to business activity, issuance of preferential loans, establishment of production and processing enterprises and expansion of activity of the existing businesses, cooperation of the authorized credit organizations with the National Entrepreneurship Support Fund of Azerbaijan, organization of family farms, support of export, as well as regarding social and other issues.

Qatar reports 460 new COVID-19 cases, 163,197 in total
Qatar reports 460 new COVID-19 cases, 163,197 in total
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
U.S. announces 'Khashoggi ban' for 76 Saudi individuals
U.S. announces 'Khashoggi ban' for 76 Saudi individuals
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Kazakhstan twofold decreases exports to Norway amid COVID-19
5.3-magnitude quake hits 3 km SW of Point MacKenzie, Alaska
Qatar reports 460 new COVID-19 cases, 163,197 in total
Weekly review of highlights in Azerbaijani financial market
UK records another 7,434 coronavirus cases, 290 deaths
It is necessary to end deployment of Armenian armed forces on territory of Azerbaijan - Foreign Ministry
WHO reports over 420,000 new daily cases of COVID-19
Istanbul’s major Galataport project to go live in April
0.03% of pupils and 0.1% of school staff in Georgia confirmed with Covid-19 this week
Iran's Energy Exchange announces products to be on sale on February 28
Uzbekistan's largest share in formation of GDP falls on Tashkent
Azerbaijan's revenues from tea, coffee exports double in Jan.2021
Cargo movements in Iran's Khalij-e-Fars port increase
China conditionally approves one-shot recombinant COVID-19 vaccine
Stock gains power Buffett's Berkshire Hathaway to higher profit
More than 165,000 apply for Turkey’s most popular scholarship
Georgian Railway resumes passenger transfers
Kazakhstan reports value increase in all types of deposits
New road put into operation in Iran's Golestan Province
Azerbaijan sets up working subgroups to prepare 2021-2025 Development Strategy
Bahar Azadi gold coin price falling in Iran
Azerbaijan reports 172 more COVID-19 recoveries
Azerbaijan's Ministry of Finance to put up medium-term bonds for auction
Azerbaijan's banking sector ends January 2021 with profit
Foundation of several manufacturing enterprises laid in Iran's Qazvin Province
Uzbek-Korean JV to buy spare parts for metal detector via tender
USAID to promote start-up dev’t in Turkmenistan
President Aliyev: Any attempt to violate implementation of November 10th declaration will be very harmful for Armenia (VIDEO)
Iran reveals COVID-19 data for February 27
Bosnian TV channel visits liberated Azerbaijani Aghdam, reminds of Khojaly genocide
Azerbaijani police officers find ordnances left by Armenians in Khojavand (PHOTO)
Long-term energy demand impact of COVID-19 is modest
President Aliyev to Iranian reporter: Your question is a kind of an accusation (VIDEO)
New Zealand's largest city Auckland back to lockdown after COVID-19 case
Iran pins hopes on Swiss financial channel to purchase COVID-19 vaccines
Foreign journalists visit village where two-year-old Azerbaijani girl was killed by Armenians
Volume of cargo loaded, unloaded in Iran’s Chabahar port revealed
Weekly review of Azerbaijan's oil and gas sector
Eni Turkmenistan Ltd opens tender for catering, housekeeping services
Kazakhstan boosts imports of Switzerland-made products
Uzbek ministry, German Society for International Cooperation sign agreement
Uzbekistan, China expand mutual trade despite COVID-19
Georgia reports 373 new cases of coronavirus on Feb.27
Buy/sell operations at Iran Mercantile Exchange soar
Weekly review of Azerbaijani precious metals market
Baku Metro continues preparatory work for commissioning of new 'November' 8 station
Iran's exports to Russia increase
Uzbek-Korean JV to buy spare parts for pumps via tender
Kazakh airlines eye to launch several flights on Turkestan-Istanbul route
UNDP in Turkmenistan opens tender for services on seismic work
Volume of electricity generated by renewable energy power plants in Iran announced
Researcher talks monuments on ancient Azerbaijani lands vandalized by Armenians (PHOTO)
Uzbekistan reveals COVID-19 data for Feb. 27
Azerbaijan's MoD shares footage from Gubadly's Afandilar village (PHOTO/VIDEO)
Iranian currency rates for February 27
Remittances from Azerbaijan to Georgia show highest growth rate
Belarus considering possibility of supplying agricultural machinery to Turkmenistan
Turkmenistan’s Turkmenbashi Oil Refinery exceeds plan for kerosene production
Azerbaijani oil prices published
Kazakhstan's uranium mining company opens tender to acquire electro-technical materials
Issuance of construction permissions in Georgia down
Philippines extends partial coronavirus curbs in capital until end-March
Weekly review of Azerbaijani currency market
Kazakh gas supply company to attract equipment installation services via tender
Turkey's tourism industry puts hopes on safety measures for new season
Azerbaijani marketing platform plans to become regional player
Argentine health minister tests positive for COVID-19
Czech gov't declares new state of emergency over coronavirus
U.S. FDA advisors recommend approving Johnson & Johnson COVID-19 vaccine for emergency use
Increase in malware attacks makes cybersecurity more relevant than ever - Kaspersky Lab in Azerbaijan
South Korea vaccinates 18,000 to start ambitious COVID-19 campaign
US may announce new sanctions on Russia within weeks - White House press secretary
Founder of Indian Jet Airways eyes opening airline in Uzbekistan’s Namangan region
Saudi Arabia rejects U.S. intelligence report on Khashoggi's killing: statement
Israel registers 2,738 new COVID-19 cases, 769,971 in total
U.S. announces 'Khashoggi ban' for 76 Saudi individuals
Number of COVID-2019 cases across globe up by over 427,000 in past day
Slovenia confirms first case of coronavirus variant identified in S. Africa
UN Security Council adopts resolution on vaccination
UK records another 8,523 coronavirus cases, 345 deaths
Kazakhstan shows interest in supplies of Belarusian sugar, its manufacturing technology
Turkey reports 9,205 new COVID-19 cases, 2,683,971 in total
Iran, Russia emphasize need to coop. in agricultural sector
When will Georgia receive its first doses of the COVID-19 vaccine?
House poised to approve Biden's $1.9T coronavirus relief bill in Friday vote
Canada approves use of AstraZeneca COVID-19 vaccine
Azerbaijan discloses volume of liabilities of banks in Jan. 2021 accounting for deposits
Azerbaijan imposes restrictions on import of poultry meat from Estonian county
Amount of financial support of Kazakh manufacturing sector by Baiterek holding increases
Attracting FDI can help Georgia to boost exports of high-value food products - OECD
European Council extends mandate of special representative for South Caucasus
Kuwait reports 1,022 new COVID-19 cases, 189,046 in total
WHO says COVID-19 vaccine rollout in Africa has gathered steam
Armenia has always supported terrorism - MP
EU supports JCPOA commitments
Azerbaijan focused on rehabilitation, reconstruction of liberated lands - MP
Assistant to Azerbaijan's president talks country's success in int'l information field
Baku Stock Exchange to auction off Azerbaijani Central Bank's short-term notes
Azerbaijan records growth of GDP in non-oil sector over Jan. 2021
Azerbaijan discloses volume of fruits and vegetables exported since early 2021
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