Economics - 2022
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"Bakıinşaatsənaye" OJSC, one of the leading iron and steel companies, has announced about distribution of dividends for 2021 on AZN 3 per share, 50% more than its nominal value.At the general meeting...
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CJSC Stone Construction which in 2021 won practically every week the procurement tenders of budgetary structures for the second year in a row announced about the unprofitability of work performed. Wor...
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On 29 June the State Agency for Mineral Resources (SAMR) announced an auction for sale of the right to operate mineral deposits. This time investors are offered seven quarries on 18 lots.According to...
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On 25 June the Cabinet of Ministers approved the charters of the Central Botanical and Dendrology Gardens which since January operate under the Baku city executive power with the status of legal entit...
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Azerbaijan's oil producers - SOCAR and international consortia, decided in July not to use the Black Sea ports of Novorossiysk and Supsa for oil exports on commercial grounds due to sanctions against...
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Tender Commission of CJSC Baku Metro has announced Deloitte & Tooche LLC (INN: 1300679981) as winner of the tender for audit of financial statements for 2021. This is the first public tender for the s...
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Azersu OJSC has announced the signing of a contract with North West Construction LLC on 21 June for the construction of main water pipeline Jeyranbatan-Absheron-Balakhany-Ramana-Zire-Pirallahi and cen...
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About 50 amendments and additions to the Law "On Labor Pensions" have come into force today. According to the Ministry of Labor and Social Security, they are aimed at strengthening social security of...
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As of June 27, Azerbaijan has harvested 1 million 364.800 tons of grain. So far, the average yield makes up 29,6 c/ha.According to the Ministry of Agriculture, more than 461.000 hectares of crops were...
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The Silk Way West Airlines and the Airbus signed an agreement in Baku on June 28 for purchase of two A350 freighter aircraft to be delivered between 2027 and 2028.The agreement was signed by Wolfgang...
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Five years of negotiations to improve the International Energy Charter Treaty (IECT), involving nearly 60 countries as well as the EU, ended in late June 2022 with the compromise text to be signed in...
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According to an official statement, this year more than 300.000 cattle have been sent to the Kalbajar and Lachin pastures.It is noted that grain and barley have already been sown in the territories li...
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This year's barley yield of "Agro Dairy LLC"s agricultural park in Tovuz region was over 8 tons per hectare, and 8.4 tons per hectare in Samukh region, the Ministry of Economy said.This year's sown ar...
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Prime Minister Ali Asadov visited the Alyat Free Economic Zone (AFEZ) and the Baku international sea trade port on June 25 to familiarize himself with the ongoing work. The press service of the govern...
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CJSC Tikinti-Təmir-Təchizat-Bərpa, having no fixed assets (buildings, machinery, vehicles, etc.) has won at least seven major government procurements. Overall, the year was unprofitable for the compan...
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The first "smart" bus stop has opened in Baku. The initiators of this idea do not intend to stop at this point."The project is implemented by the Baku Transport Agency (BTA) under the head of the city...















