Azerbaijani economy

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Baku: city of fire

Baku: city of fire

 The heart of Azerbaijan, Baku, is a point where European and Asian traditions meet

Ilham Aliyev sums up economic development of Azerbaijan in first quarter of 2012

A meeting of the Cabinet of Ministers dedicated to the socio-economic development in the first quarter of 2012 and the upcoming tasks chaired by President Ilham Aliyev took place on Monday, Trend reports.Ilham Aliyev emphasized the growth of the international economic rating of Azerbaijan and said that the focus of the Azerbaijani economy has largely shifted onto social issues.

US praises Azerbaijani economy

The US-Azerbaijani intergovernmental commission for economic cooperation has started work, US Deputy Secretary for Economic Development, Energy and Ecology Robert D. Hormats said at the subcommittee for Europe of the committee for foreign affairs of the US House of Representatives on Wednesday, Trend reports.The commission will soon meet in Washington. It will be co-chaired by Azerbaijani Finances Minister Samir Sharifov.

South Korea to invest in Azerbaijan

South Korea is going to invest in the Azerbaijani economy, Trend cites Korean Ambassador to Azerbaijan Lee Ji-ha as saying on Tuesday.According to the ambassador, his country is going to invest in Azerbaijan's power industry.

Share of Azeri economy exceeds 83 % among South Caucasus economies

The share of the Azerbaijani economy among the South Caucasus countries in the first half of this year exceeded 83 %, the Azerbaijani Economic Development Minister, Shahin Mustafayev, said on Saturday at a meeting in Sumgayit industrial park with buyers and producers of competitive industrial products."So, if today Azerbaijan's GDP is $28.4 billion, Georgia's GDP hits $3.5 billion and Armenia's GDP - $2.2 billion," Trend quotes Mustafayev as say