Latest News

BAKU-TBILISI-KARS RAILWAY: POLITICAL AND ECONOMIC IMPLICATIONS

On October 30, a decade after construction began, one of the most debated transportation projects of the South Caucasus – the Baku-Tbilisi-Kars (BTK) railway line, was officially put into operation. C...

BITCOIN rockets above $7,000 for the FIRST TIME

Digital currency bitcoin took another leap higher on Thursday, rocketing above $7,000 for the first time after a more than tenfold increase in its value over the past year. Bitcoin has seen eye-wateri...

US Ambassador on Importance of BTK

The opening of the Baku-Tbilisi-Kars (BTK) railway is another important step on the way to establishing better trade and ties along the whole of Eurasia, the US Ambassador to Azerbaijan Robert Cekuta ...

TURKEY EXEMPTS NAKHCHIVAN GOODS FROM IMPORT TAX

Azerbaijan’s investments in the Turkish economy have reached $ 10.1 billion, according to Economy Minister Shahin Mustafayev participating at the Azerbaijani-Turkish business forum in Igdir on O...

AZERBAIJAN’S SECOND SATELLITE IS ALMOST READY

Construction of Azerspace-2/Intelsat-38, nation’s second geostationary satellite, gradually comes to an end. According to a source in the Azerbaijani satellite communications market, the constru...

COTTON PRODUCTION TO SCALE NEW HIGH IN AZERBAIJAN

So far 119,740.27 tons of products have been handed over to the cotton gathering stations in Azerbaijan. Report informs citing the State Statistical Committee (SSC) of Azerbaijan, 8 565,64 tons were d...

INFLATION IN AZERBAIJAN WILL EXCEED 13 PERCENT

The average annual inflation in Azerbaijan in 2017 is projected at the level of 13.2 per cent, Interfax-Azerbaijan reports citing the government of the country. According to the updated forecast, in 2...

CONTROVERSIAL AZERI PIPELINE RECEIVES $500M FUNDING

The European Bank of Reconstruction and Development’s board on October 18 approved $500 million in funding for the Azerbaijan-led TANAP pipeline, which will facilitate the delivery of Caspian Basin na...

OIL PRICES FALL ON WORLD MARKETS

On NYMEX (New York Mercantile Exchange) cost of the US Light crude oil decreased $0.26 to stand at $51.04. Price of the Brent crude oil at the London ICE (Intercontinental Exchange Futures) fell $0.31...

SURPLUS OF FOREIGN TRADE BALANCE APPROACHED $2B

For eight months of this year, the volume of foreign trade operations of Azerbaijan with 180 countries of the world amounted to $ 12 billion 523.8 million, which is 9.2% less than for the same period ...