Ilham Aliyev visits Lachin region
Today, President of Azerbaijan Ilham Aliyev arrived in the Lachin region and opened various production facilities. The head of state attended …
manufacture in Caucasus
Azerbaijan exploring "green" hydrogen production potential
SOCAR Green, the green energy subsidiary of the State Oil Company of Azerbaijan, has launched evaluations to explore green hydrogen production potential, the company said. "To assess its feasibility, we have …
Azerbaijan's industrial zones' 2024 production nearly reaches $2 bln
Azerbaijan's industrial zones produced goods worth nearly $2 billion, with exports totaling more than $640 million last year, Azerbaijani Prime Minister Ali Asadov said. He emphasized that new investment incentives are mainly …
Aghdam Industrial Park to produce SPC panels
Azerbaijan is set to produce SPC (Stone Plastic Composite) panels locally for the first time, Director of “Mister Decor” Ali Aliyev said. According to him, the construction of the “Mister Decor” Limited …
Azerbaijan's foreign exchange reserves exceed external debt by 14 times
In 2024, Azerbaijan strengthened and developed its economy, the republic achieved significant macroeconomic figures, Azerbaijani President Ilham Aliyev said in his address on the occasion of New Year. According to …
Aghdam Industrial Park to produce highly-demanded metal products
Met Invest LLC was granted the status of a resident of Aghdam Industrial Park, which is under the authority of the Economic Zones Development Agency under the …
Azerbaijan and Belarus team up to co-produce veterinary medicines
A meeting was held in Baku at the Azerbaijan Food Security Institute (AFSI) with a delegation from the Belarusian BelVitunipharm Open Joint-Stock Company, …
Azerbaijan boosts car production
In January-October 2024, a total of 4,433 passenger cars were produced in Azerbaijan, or 2,057 more compared to the corresponding period of 2023, the Azerbaijani State Statistics Committee reported. Thus, compared to the same …
Georgia to build $700 mln oil refinery
Georgian Prime Minister Irakli Kobakhidze unveiled the Kulevi oil refinery project, calling it the “largest private investment initiative in the history of independent …
South Caucasus' first wallpaper plant opened in Aghdam
Mister Decor LLC, the first wallpaper production plant in the South Caucasus, has opened at the Aghdam Industrial Park, LLC Director Ali Aliyev said. According to him, the facility uses German technology and plans to supply both local …
SOCAR and Tatneft explore joint venture
The State Oil Company of Azerbaijan (SOCAR) and Russia's PJSC Tatneft are discussing the possibility of establishing a joint venture for the production of lubricants, General Director of SOCAR RUS Rufat Mahmud said. …
Prospects for Azerbaijan's liberated regions development discussed in Shusha
An event titled "New Opportunities for Entrepreneurs: Let’s Revive Karabakh Together" organized by the Ministry of Economy of Azerbaijan, was held in …
Azerbaijani cartographers catches Armenia in carrying out harmful mining
Today, the “Environmental Protection First” Coalition, which brings together NGOs fighting against Armenia’s illegal mining industry, released a map of “Mineral raw material resources of the Republic of Armenia” at …
Azerbaijan and Türkiye intend to expand defense cooperation
The Turkish delegation led by President of Secretariat of Defense Industries under the Presidency of Türkiye Haluk Gorgun held meetings with the Azerbaijani Minister of Defense and the Azerbaijani President in Baku on April …
Georgian FM highlights “very high” economic growth
Georgian Finance Minister Lasha Khutsishvili highlighted the “very high” economic growth in Georgia over the past four years. According to the minister, Georgia had experienced “double-digit” growth between …
Avtovaz to set up assembly of Lada cars in Azerbaijan
Russian carmaker Avtovaz is in talks to establish semi knocked down (SKD) assembly of Lada cars in Azerbaijan, Avtovaz head Maxim Sokolov said. …
Brand "Made in the Caucasus" to be promoted across Russia
Producers from the North Caucasus will be able to obtain the trademark "Made in the Caucasus". It will make the products recognizable and popular. Goods under the new brand will receive support in promotion in retail chains.
Azerbaijan to import livestock products from 23 more Russian companies
More than 20 Russian livestock enterprises have obtained the right to export to Azerbaijan, Russia's Federal Service for Veterinary and Phytosanitary Supervision (Rosselkhoznadzor) said. "The Food Security Agency of Azerbaijan, …
Iran retains its place among the world's top ten steel producers
In the first half of 2022, Iran entered the top 10 countries that are the main steel producers in the world. According to the World Steel Association, Iran produced over 13.6 million tons of steel in the first six months of this year, …
Azerbaijan to launch hydrogen production
Production of hydrogen will be launched at the Heydar Aliyev Baku Oil Refinery, Deputy Director General of the Refinery Modernization Project Emil Alkhasli told Trend. According to Alkhasli, as part of the modernization and …
