ECONOMY HEADLINE

Georgia and Azerbaijan have started the process of issuing and exchanging electronic permits for international road freight transport. According to “Elchi”, the Ministry of Economy and Sustainable Development of Georgia has announced this. It was stated that Georgian carriers engaged in international freight transport will now use electronic permits in Azerbaijan, just as they do […]

The President’s representative for climate issues, Mukhtar Babayev, met with the Director of the Uganda Development Bank, Patricia Ojangole, in Baku within the framework of the 51st Annual Meetings of the Islamic Development Bank (IsDB) Group, and discussed opportunities to strengthen cooperation with African countries. “Elchi” reports that M. Babayev shared this information on his […]

US sells over $1 billion worth of Venezuelan oil. Elchi.az reports that US Energy Minister Chris Wright said this in an interview with NBC News. “The US has already sold more than $1 billion worth of Venezuelan oil, and additional sales of approximately $5 billion are expected in the coming months,” he said.

Azerbaijan’s non-oil and gas industry has increased by almost 8 percent. Elchi.az reports that this was stated by Azerbaijani President Ilham Aliyev on February 9 while receiving a delegation headed by Kush Choksi, Senior Vice President for International Affairs, Middle East and Turkey at the US Chamber of Commerce. “By the way, diversifying the economy […]

Azerbaijan plays an important role in the energy security of many countries. Elchi.az reports that Azerbaijani President Ilham Aliyev said this on February 9 while receiving a delegation headed by Kush Choksi, Senior Vice President for International Affairs, Middle East and Turkey at the US Chamber of Commerce. The head of state said that 10 […]