Azerbaijani economy

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Azerbaijani president’s interview with Russia-24 TV

Azerbaijani president’s interview with Russia-24 TV

Azerbaijani president’s interview with Russia-24 TVAzerbaijani President Ilham Aliyev was interviewed by Russia-24 TV on Friday. The president gave answers to questions concerning Russian-Azerbaijani cooperation, the economy of …

Russia-24 broadcasts interview with Ilham Aliyev

Russia-24 broadcasts interview with Ilham Aliyev

 Russia-24 broadcasts interview with Ilham AliyevThe Russia-24 TV channel has broadcast an interview with Azerbaijani president Ilham Aliyev that he gave on Friday. Aliyev answered questions on Russian-Azerbaijani relations, the …

Azerbaijani media review (July 14-23)

Azerbaijani citizens Dilgam Ahmedov, Shakhbaz Guliyev and Gasan Gasanov were detained by Armenian soldiers in the Kalbajar District. Armenian media reported the detention of Shakhbaz Jalal oglu Guliyev andd Dilgam Gardashkhan oglu Askerov in Shaplar (Kalbajr District).

Sergey Glaziyev: “The future of the former Soviet republics is in the Eurasian Economic Union”

Sergey Glaziyev: “The future of the former Soviet republics is in the Eurasian Economic Union”

Interview by Vestnik Kavkaza The economic situation in the North Caucasus and business relations between Russia and the South Caucasus countries have been associated recently with the tense situation in the Russian economy. Russian economist and politician, presidential aide Sergey Glaziyev told Vestnik Kavkaza about the prospects of development of various economic spheres in the North Caucasus and the development of economic relations with the South Caucasus. 

Azerbaijan and Saudi Arabia to sign agreement on avoidance of double taxation

Azerbaijan and Saudi Arabia to sign agreement on avoidance of double taxation

Today the Minister of Economy and Industry of Azerbaijan, Shahin Mustafayev said at the Azerbaijani-Saudi Arabia business forum that the countries are expected to sign agreements on avoidance of double taxation on income and property as well as tax evasion. "Azerbaijan and Saudi Arabia closely cooperate today in international organizations. Trade relations play an important role in the development of bilateral relations," Trend quotes the minister as saying.  

Russia's top lawmaker hopes Azerbaijan will join Customs Union

Russia's top lawmaker hopes Azerbaijan will join Customs Union

The Chairman of the Russian State Duma's Committee for CIS Affairs, Leonid Slutsky, says he hopes that Azerbaijan will join the Customs Union of Russia, Kazakhstan and Belarus.According to the Russian lawmaker, the move will have a positive effect on the Azerbaijani economy.The Chairman of the Russian State Duma's Committee for CIS Affairs, Leonid Slutsky, says he hopes that Azerbaijan will join the Customs Union of Russia, Kazakhstan and Belarus.

Political railway

The South Caucasus is ready for the Baku-Tbilisi-Kars Railway

Börsen-Zeitung publishes article on SOFAZ

Börsen-Zeitung (Germany) has published an article on the Azerbaijani economy. It says that the State Oil Fund of Azerbaijan (SOFAZ) founded in 1999 accumulated $34.7 billion, about half of the GDP of the republic in July 2013, according to Israfil Mamedov, Vice President of the SOFAZ.

EBRD signs agreement with furniture manufacturer from Azerbaijan

EBRD signs agreement with furniture manufacturer from Azerbaijan

The European Bank for Reconstruction and Development is providing a $12 million loan to Azerbaijan's largest furniture manufacturer to finance further improvements in its production facilities, EBRD's Baku office reported in its statement released on Monday."The proceeds of the EBRD loan will be used to finance the quality control of its production facilities in order to maintain high standards throughout all entities.