The holding "Helicopters of Russia" (included in Rostech) will open in Azerbaijan a center for repair of helicopters Mi-8/17, Tass was told by the deputy general director for after sales of the Holding Igor Czeczik (http://tass.ru/armiya-i-opk/3524775).
The corresponding agreement was expected to be signed at the exhibition ADEX-2016 by the end of September. It provides for the opening of businesses on the basis of Silk Way Helicopter Services service center in Baku for maintenance and overhaul of helicopters of the type mentioned. At the same time was considered the possibility of expanding capacity of the center for the execution of maintenance and overhaul of military helicopters, said Czeczik, and added that now there are negotiations about the procedure and the form of cooperation. On August 8, Deputy Prime Minister Dmitry Rogozin on the results of the summit of the Presidents of Azerbaijan, Russia and Iran, told reporters about the plans to open the center in Baku helicopter and aircraft factory assembly. --17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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