Economy

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Ilham Aliyev: Azerbaijan helped to improve relations between Russia and Turkey

Ilham Aliyev: Azerbaijan helped to improve relations between Russia and Turkey

Azerbaijan is interested in stable relations between its neighbors, so it made every possible effort to resolve the political conflict between Russia and Turkey last year, President of Azerbaijan Ilham Aliyev said yesterday …

Sberbank CEO says no repeat of crisis in the short term

Sberbank CEO says no repeat of crisis in the short term

The crisis is not expected to erupt again in the short term as the economy has come out of recession, CEO of the Russia’s largest bank Sberbak German Gref said on the sidelines of the Munich Security Conference, TASS …

Ilham Aliyev: Azerbaijan doesn#039t need close economic integration with anyone

Ilham Aliyev: "Azerbaijan doesn't need close economic integration with anyone"

The country has no plans to join any new international organizations

Ilham Aliev: Azerbaijan is respected all around the world

Ilham Aliev: Azerbaijan is respected all around the world

Azerbaijan is proud to be one of the world centers of multiculturalism, President of Azerbaijan Ilham Aliyev said today at a round table titled ‘Hidden problems of Eurasia’ at the Munich Security Conference, the head …

China#039s currency is set to tumble - and it#039s not even Trump#039s fault

China's currency is set to tumble - and it's not even Trump's fault

Jitters over China's currency, which haunted markets in early 2016, are back

Baku to host Azerbaijan-Italy business forum

Baku to host Azerbaijan-Italy business forum

The Azerbaijani-Italian business forum will be held in Baku on February 23, abc.az reports. The Azerbaijan Export & Investment Promotion Foundation (Azpromo) reports that the event is dated to coincide with the upcoming …

Iran prepares to begin oil production at South Pars field

Iran prepares to begin oil production at South Pars field

Iranian Oil Minister Bijan Namdar Zanganeh said that Islamic Republic will begin oil production at South Pars field by the end of the current fiscal year (March 21, 2017). According to him, considering the conditions of …

Moody’s changes outlook on Russia

Moody’s changes outlook on Russia

Moody’s Investors Service has changed the outlook on Russia’s Ba1 government bond rating to stable from negative, affirming the rating and citing economic recovery. Moody's said that the Russian government's set of measures made the country less dependent on ...

Ilham Aliyev: Azerbaijan intends to expand co-op with EU

Ilham Aliyev: Azerbaijan intends to expand co-op with EU

Azerbaijan’s President Ilham Aliyev met with his Croatian counterpart Kolinda Grabar-Kitarovic in Munich Feb. 17. Kolinda Grabar-Kitarovic shared her good impressions of her visit to …

Johannes Hahn: Turkey#039s EU accession is not a priority for Brussels

Johannes Hahn: Turkey's EU accession is not a priority for Brussels

There are still a lot of contacts between the EU and Turkey, but Turkey's accession to is not Europe's priority, Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn said today …

Turkmenistan to develop market economy

Turkmenistan to develop market economy

Turkmen President Gurbanguly Berdimuhamedov named the support and development of entrepreneurship and market relations in different sectors of the country’s economy as one of the main objectives, speaking at his …

Andrei Kostin: dollar to decline by six rubles

Andrei Kostin: dollar to decline by six rubles

Until the end of 2017, the ruble exchange rate may strengthen by 10%, the head of VTB Andrey Kostin said. "We believe that the ruble had to strengthen, but it was before  the government announced the …

Oreshkin predicts ruble to weaken soon and then stabilize

Oreshkin predicts ruble to weaken soon and then stabilize

The strengthening of the Russian currency is short-term, and it may slightly weaken in the nearest future and then stabilize, the Russian Economic Development Minister Maxim Oreshkin said after meeting the President …

Ilham Aliyev: energy sphere inseparable from national security

Ilham Aliyev: energy sphere inseparable from national security

Azerbaijani President Ilham Aliyev addressed today the first round table of the 53rd Munich Security Conference  - 'On the road to price stability: return of OPEC and oil geopolitics'. As the …

Putin: Russia on brink of victory over inflation

Putin: Russia on brink of victory over inflation

Inflation in Russia continues to decline, Russian President Vladimir Putin said at a meeting on economic issues. "This year, a steady decline of inflation continues, the figure broke the psychological mark of 5% in …

Summer Is Looking Bright for Oil Prices

Summer Is Looking Bright for Oil Prices

Seasonal demand dynamics are looking up for oil prices

Made in Azerbaijan Products Will Be Showcased at Gulfood 2017

"Made in Azerbaijan" Products Will Be Showcased at "Gulfood 2017"

Gulfood 2017 will focus solely on finished food and beverages

China to invest in Iranian refinery - media

China to invest in Iranian refinery - media

The contract worth 3.6 billion dollars for investment in Masjed Soleyman Petrochemical Industries Co. (MIS) was signed between Iran and China. The Memoranda of Understanding was inked between Iran and China at presence of Minister of …

Istanbul to host 5th Turkey-Azerbaijan-Georgia business forum

Istanbul to host 5th Turkey-Azerbaijan-Georgia business forum

The fifth Turkey-Azerbaijan-Georgia business forum organized by Azerbaijan Export and Investments Promotion Foundation (AZPROMO) will be held in Istanbul on February 17, the press service of Economy Ministry said. The trilateral …

Russia to invest in Azerbaijani agriculture projects

Russia to invest in Azerbaijani agriculture projects

Russia and Azerbaijan are discussing the implementation of new projects in agriculture, the executive director of the Azerbaijan-Russia Business Council, Farhad Sattarov, said. There are talks which mostly cover …