After four and a half years in construction, the Trans Adriatic Pipeline (TAP) last week began…
Azerbaijan
Business news and investment opportunities in Azerbaijan
STATS
Source: World Bank
Currency: Azerbaijani manatGDP: 46.94 billion USD (2018)
GDP per capita: 4,721.18 USD (2018)
GNI per capita: 17,100 PPP dollars (2018)
GDP growth rate: 1.4% annual change (2018)
Gross national income: 170 billion PPP dollars (2018)
Internet users: 79% of the population (2017)
Internet users: 79% of the population (2017)
Azeri armed drones show future of the battlefield
Armed drone played a vital role in Azerbaijan' recent victory in Nagorno Karabakh
Aliyev to pump billions into Nagorno-Karabakh
The Azerbaijani government is drawing up plans to pump billions of government and private-sector dollars into…
Kardashian West wades in on Nagorno-Karabakh conflict
Amid international appeals to end the hostilities and initiate peace talks, Kim Kardashian West, whose late…
INSTC Corridor to get own logistics operator
INSTC: Russian Railways is in talks with its counterparts in Iran, India and Azerbaijan about the…
Odds on Trans Caspian pipeline shorten as littoral states settle their differences
After nearly 30 years of haggling over the legal status of the Caspian Sea, its five…
Baku helps Tehran out with loan for INSTC transport corridor
Work on the construction of the 144-km Rasht-Astara rail leg of Iran’s section of the International…
SOCAR Polymer to create clusters to kick-start Azeri SMEs
SOCAR, Azerbaijan’s state-owned oil company, is to use its new $750m petrochemical complex to kick-start the…
BTK rail line opens intermodal Silk Road route through Turkey
BTK: A train pulling thirty 20-foot containers of wheat has arrived in the Turkish city of Mersin…
Baku FTZ up and running by year end
Baku’s free trade zone (FTZ) will begin operating by the end of the year, the director…
Deutsche Bahn agrees to test drive new South West transport corridor to Iran
Deutsche Bahn, one of the world’s largest transport companies, has agreed to test drive the new…
Anglo-Asian Mining discovers new Azeri gold reserves near Gabaday
The Anglo-Asian Mining company has announced that it has discovered new gold reserves near its existing deposits of gold,…
SOCAR scales back plans for Azeri gas chemical complex as Japanese pull out
Azeri gas chemical complex: The annual processing capacity of Azerbaijan’s planned new gas chemical complex is to be…
Ukraine proposes Baltic-Black Sea transport corridor with Azerbaijan
Baltic-Black Sea transport corridor: Ukraine has presented Azerbaijan with a draft agreement for the development of an…
Southern Gas Corridor on track for 2018 with SD2 over 70% complete
Half of the $42bn that Azerbaijan’s mammoth offshore Shah Deniz 2 (SD2) gas field is expected to cost…
Overseas investors take a look at $300m Caspian wind power station
Caspian wind power: A number of private-sector investors from China, the UAE and Germany have expressed an…
SOCAR Polymer project secures $3.5bn international funding package
Azerbaijan has secured international financing to the tune of $3.5bn for the development of the massive SOCAR…
Baku extends Absheron deadline in price tussle with Total
Azerbaijan has agreed to give France’s Total more time to submit its development plans for the first phase…
Turkic Council draws up proposals for common customs procedures
The member states of the Turkic Council — Azerbaijan, Kazakhstan, Kyrgyzstan, and Turkey – are in…
China and Azerbaijan sign MoU for $17bn OGPPC downstream project
OGPPC: China’s largest oil and gas producer and supplier CNPC has signed an MoU with the…
Iran and Azerbaijan agree new Caucasus transit route around Turkey
Caucasus transit route: The authorities in Tehran and Baku are working on the creation of a new transit…
Baku ready to help transport Turkmen gas to Europe via Southern Gas Corridor
The governments in Baku and Ashgabat are in the process of negotiating a deal to enable…
Tsipras launches construction work on 870km TAP Trans Adriatic Pipeline
Greek Prime Minister Alexis Tsipras yesterday joined other senior officials at a ground-breaking ceremony to mark…
Azerbaijan signs up to Viking railway project
The government in Baku this week committed the state-run Azerbaijan Railways to joining the international Viking railway project in…