Last week review (Sept. 19-23)

Sept. 19

Iranian companies invest $2.6B in Azerbaijan

Iranian companies have invested $2.6 billion in Azerbaijan’s economy, said Azerbaijan’s Deputy Economy Minister Sahil Babayev during Iran Project 2016 Exhibition in Baku.

The deputy minister said that only $145 million of this amount was invested in the non-oil sector. Around 450 companies with Iranian share operate in Azerbaijan, added Babayev.

Ilham Aliyev attends ground breaking ceremony of new facility

President of the Republic of Azerbaijan Ilham Aliyev has attended a ground breaking ceremony of a new bitumen production facility as part of reconstruction of the Heydar Aliyev Baku Oil Refinery. President of Azerbaijan State Oil Company Rovnag Abdullayev informed President Aliyev about the construction of the new bitumen production facility and the work to be carried out at the Heydar Aliyev Baku Oil Refinery as part of the reconstruction project.

SOFAZ invests in EBRD EPF Fund

The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has made an investment commitment in the amount of 100 million euro in the first closing of the Equity Participation Fund (EPF), a debut fund managed by the European Bank for Reconstruction and Development (EBRD). The EPF is established to give institutional investors an opportunity to participate in the EBRD’s direct equity investment portfolio in Central and Eastern Europe, Central Asia and the southern and eastern Mediterranean region, as well as in Turkey, with the objective of achieving long term capital growth by making investments in financial, industrial, agricultural, infrastructure, and energy sectors.

Sept. 20

State property units privatized in Azerbaijan

Twenty four state property units were sold as part of another auction held by the Azerbaijani State Committee on Property Issues within the new privatization program in the country. As a result, some 1.1 million manats will be transferred to the country’s state budget.

Azerbaijan, Iran to build medicine plant in Pirallahi

The Azerbaijani-Iranian joint venture for medicine production will operate in the Pirallahi Industrial Park, Iranian Ambassador to Baku Mohsen Pak Ayeen said at the Azerbaijan-Iran business forum in Baku. Kambiz Amjadi, head of Iran's Darou Pakhsh Holding Company, earlier told Trend that more than $30 million will be invested in the creation of the pharmaceutical joint venture. Amjadi said 49 percent of the shares in the pharmaceutical company will belong to Iran and the 51 percent stake of the Azerbaijani side will be divided in two parts - 25 percent will go to the Azerbaijan Investment Company and 26 percent to Azersun Holding.

Sept. 21

Ilham Aliyev attends Zarba UAVs presentation

"AZAD Systems Co" production branch of the Azerbaijani Ministry of Defense Industry has presented "Zarba" unmanned aerial vehicles which have a modern intelligence element base and a tactical pernicious attack system. President of the Republic of Azerbaijan Ilham Aliyev attended the event.

Ilham Aliyev inaugurates Kurdamir-Ujar-Yevlakh-Tartar highway

President of the Republic of Azerbaijan Ilham Aliyev attended the opening of the newly renovated 87.5km section of Kurdamir-Ujar-Yevlakh-Tartar highway.

Ilham Aliyev lays foundation of Mingachevir Industrial Park

President of the Republic of Azerbaijan Ilham Aliyev has attended a groundbreaking ceremony of Mingachevir Industrial Park.

Sept. 22

Azerbaijani gov’t mulls 2017 state budget forecasts

Azerbaijan’s Cabinet of Ministers discussed the 2017 draft state budget and consolidated budget, the consolidated budget indicators for the next three years, including the concepts of social and economic indicators for 2017 and the next three years.

The discussions were chaired by Prime Minister Artur Rasizade.

Sept. 23

Silk Way West Airlines launches direct flights to Chicago

Silk Way West Airlines opened direct cargo flights between Baku and the largest transportation hub in the United States - Chicago (Illinois). The first flight from Heydar Aliyev International Airport to O'Hare International Airport was carried out.

Starting from October 2016, regular transatlantic flights of Silk Way West Airlines on this route will be operated twice a week with one of the most modern cargo aircrafts - Boeing 747-8F Freighter. Thus, the airline will further increase its presence in the freight transportation market in the United States.

SOCAR commissions waste oil recycling center in Baku

Azerbaijani state oil company SOCAR has commissioned a modern center for drilling waste management in Garadagh district of Baku. SOCAR President Rovnag Abdullayev, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell and representatives of SOCAR management took part in the opening ceremony. The total area of the center is 40 hectares with the possibility of expansion to 100 hectares. Two VacuDry units of Germany’s Econ company are installed in the center for processing of drill cuttings. These units make it possible to completely restore the drilling mud for the purpose of their reuse.

The production capacity of the center is 100,000 tons per year. The center is also designed for recycling of 26 different types of waste.

Iran's Energy Exchange announces products to be on sale on March 8
Iran's Energy Exchange announces products to be on sale on March 8
Turkmenistan's oil refining volumes exceed plan
Turkmenistan's oil refining volumes exceed plan
Uzbekneftegaz stabilizes pressure at gas pipelines of Mubarek oil & gas dep’t
Uzbekneftegaz stabilizes pressure at gas pipelines of Mubarek oil & gas dep’t
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Turkey goes zero waste in agriculture
Iran's Energy Exchange announces products to be on sale on March 8
Iran’s Bahar Azadi gold coin price rebounds
Uzbekistan takes additional measures to support livestock industries
Iran’s CBI shares report on open market operations
Geostat reveals volume of meat production in Georgia
Reopening schools a "national effort" to beat coronavirus: UK PM
Jordan's PM reshuffles cabinet to accelerate reforms
Turkmenistan's oil refining volumes exceed plan
Kazakhstan increases imports from Hungary in 2020
Iran's interbank interest rate decrease
Weekly review of Azerbaijani currency market
Indonesia reports 5,826 new COVID-19 cases, 112 more deaths
7 killed, 3 missing in floods in northern Algeria
Iran reveals COVID-19 data for March 7
Azerbaijan shows footage from Aghdam's Suma village (VIDEO)
COVID cases up in Turkey’s 3 biggest cities as east enjoys calm
Turkmenistan reveals indicators of construction, industrial sector
Iran launches new projects in Hormozgan Province
Azerbaijan's Mortgage & Credit Guarantee Fund signs tender contract
Russia’s confirmed coronavirus cases grow by 10,595 in past day to 4,322,776
Azerbaijan confirms 127 more COVID-19 recoveries
Bitcoin rises 4.2% to $50,947.94
Georgia reports 234 coronavirus cases, 349 recoveries, 9 deaths
Uzbekneftegaz stabilizes pressure at gas pipelines of Mubarek oil & gas dep’t
Prices on Azerbaijani oil continue to rise
Khazar Consortium opens tender for purchase of steam field unit
Iran to manufacture new wagons and locomotives
Saudi-led coalition destroys 10 Houthi drones
8 police, 5 militants killed during clashes in N. Afghanistan
Weekly review of Azerbaijani precious metals market
Iran's Energy Exchange announces products to be on sale on March 7
Azerbaijan shows footage from Fuzuli's Garakollu village (VIDEO)
Weekly review of major developments in Azerbaijan's transport sector
S. Korea reports 416 more COVID-19 cases, 92,471 in total
Health Minister: Only WHO approved vaccine to be imported
Turkey records dropping revenues from cement export to Georgia
Iran's customs releases more imported commodities
Turkmenistan shares data on GDP growth rate
New hazelnut processing plant to open in Azerbaijan’s Zagatala
New Zealand's Auckland emerges from lockdown, Australia starts AstraZeneca vaccinations
China exports jump 60.6% y/y in January-February, imports up 22.2%
Brazil registers 1,555 deaths from COVID-19 in 24 hours
Iran's trade, economic, political relations with neighboring countries to be developed
Ebola infects 29 people, kills 13 in Guinea, DRC: Africa CDC
UN chief condemns terrorist attack in Somalia
Paraguay’s president asks all ministers to resign amid protest rallies
Weekly review of highlights in Azerbaijan's agricultural sector
Israel reports 3,262 new COVID-19 cases, 799,727 in total
Biden says $1,400 payments can start to go out this month
France registers 23,306 new coronavirus cases, 170 deaths
U.S. Senate passes 1.9-trln-USD relief bill after marathon overnight session
UK records another 6,040 coronavirus cases, 158 deaths
India could be next happening market for SPAC-driven investor frenzy
Amazon, Google vie for piece of India digital payment market
India’s Wipro to acquire UK company for $1.45 bn
Indian-American named 1st VP, COO of Federal Reserve Bank of New York
Indian Govt to support Sri Lanka – Keheliya
Canada thanks India for sending 500,000 doses of COVID-19 vaccines
India proposes inclusion of Chabahar Port in INSTC multi-lateral corridor project
Nepali Parliamentarians take COVID-19 vaccine ahead of reinstated lower house meeting
Twitter tests audio chat tool Spaces on Android in India
WHO reports over 353,000 new daily cases of COVID-19
U.S. administers 87.9 million doses of COVID-19 vaccines: CDC
Foreign diplomats acquainted with Gulebird HPP in liberated Lachin of Azerbaijan (PHOTO)
Uzbekneftegaz eyes increasing daily production of liquefied gas at Shurtan oil&gas dep’t
Maduro receives Russia’s Sputnik V COVID-19 vaccine
Prices for fuels and lubricants increase in Kyrgyzstan 10-15% in one month
Turkey reports 11,770 COVID-19 cases in 24 hours
Iran, Iraq confer on expansion of transportation coop.
Visitors from Central Asia countries to enter Georgia with PCR tests
Armenian occupants seriously damage Azerbaijan's ecology - Ministry (PHOTO)
Paris police clear Seine riverside over lack of social distancing
Twitter's Dorsey auctions first ever tweet as digital memorabilia
Tibetan spiritual leader Dalai Lama gets vaccine shot
Five people killed in Ukrainian bus crash in Poland
Azerbaijani oil & gas sector's weekly review
Air France plane forced to land in Sofia due to disruptive passenger
Turkmenhimiya SC opens tender for construction of plants for technical iodine production
Georgian GlenBerries company launches arrangement of greenhouses for growing vegetables and fruits
Azerbaijani Ministry of Education implementing innovative projects with Microsoft
Bahar Azadi gold coin price continues to fall in Iran
We successfully completed all steps taken, including ending occupation of Nagorno-Karabakh - Erdogan
WHO official advises against introducing ‘immunity passports’ for travelers now
Russia logs 11,022 new COVID-19 cases
Azerbaijan confirms 149 more COVID-19 recoveries
Azerbaijan issues footage from Jabrayil district's Papi village (VIDEO)
Turkish FM pays official visit to Turkmenistan (PHOTO)
Iran reveals COVID-19 data for March 6
Uzbekistan transfers funds to UN Trust Fund for Aral Sea region
Turkish FM announces trilateral meeting between Azerbaijan, Turkey, Turkmenistan
Lybian diplomat harshly condemns Armenia using mosque in Azerbaijani Fuzuli as stable
Iran discusses relations with IAEA
Iran's nuclear activities completely peaceful - Rouhani
Who could say that Azerbaijan was wrong when the war started? - President Aliyev
New stage already evident in economic sphere, period of transparency, precision, when monopolies suppressed - President of Azerbaijan
As Commander-in-Chief, I know where our weaknesses are - Azerbaijani president
Today we are working on equal agreement with EU, it has been agreed by 90% - President of Azerbaijan
At new stage, we need to further deepen political dialogue - President Aliyev
Why are our “democrats” silent? Why aren’t they saying that Pashinyan should become example for us? - Azerbaijani president
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