Azerbaijan urges German companies to make investments
Azerbaijani Economy Minister Mikayil Jabbarov, the leadership of the agencies under the ministry and the Azerbaijan Investment Holding, German ambassador to Azerbaijan Ralf Horlemann, Executive...
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Sheikh Bandar bin Mohamed meets Azerbaijan central bank governor
They reviewed bilateral co-operation and discussed topics of common interest in banking and finance. Source
View ArticleThe European Investment Bank has provided Azerbaijan with a credit line of 10...
According to the information, the credit line is allocated within the framework of the cooperation initiative with small and medium-sized business entities in the Caucasus countries (MSME), reports...
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Azerbaijan-Kyrgyzstan Development Fund considering project proposals for $80...
“We are considering these projects now. Perhaps, we will send some for rework or will reject them. Most of the project proposals are aimed at development of tourism,” Almaz Mambetov said. The project...
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German companies are entering a new game on the Azerbaijani field
The discussion focused on increasing investment by German companies into Azerbaijan, which symbolises a strategic shift in German foreign economic policy and promises, perhaps, a new era in the...
View ArticleIlham Aliyev: Azerbaijan intends to invest in Congo
This was stated by President Ilham Aliyev in a statement to the press with the President of the Republic of Congo, Denis Sassou Nguesso. “There are excellent prospects for cooperation in the fields of...
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Azerbaijan poultry farmers set sights on exports
Hasanli said that gaining a foothold in foreign markets requires Azerbaijan to build new production capacities and modernise existing farms. He added that a lack of land is one of the key problems...
View ArticleS&P updates Azerbaijan’s economic indicators
This year, nominal gross domestic product (GDP) production in Azerbaijan is expected to reach 129.34 billion manats or $76.08 billion, Report informs, citing S&P Global Ratings. GDP growth in real...
View ArticleAzerbaijani-Kazakh Investment Fund set to launch with $300 million capital
This was discussed during a meeting between the Ambassador of Kazakhstan to Azerbaijan, Alim Bayel, and the General Director of the Azerbaijan Investment Holding (AIH), Ruslan Alikhanov. The...
View ArticleFitch Solutions: Fast and affordable trade routes will provide Azerbaijan...
The company’s analysts note that as hydrocarbon production volumes continue to decline, the non-oil sector is developing more rapidly: “The decline in the oil sector, which is the mainstay of the...
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Development Bank supports micro, small and medium-sized firms in Azerbaijan
The Bank will provide a syndicated loan of up to US$ 10 million (€ 9.24 million) with the EBRD as the lender of record, and the European Fund for Southeast Europe (EFSE) as a B lender. The two parties...
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Azerbaijan invites business to help reconstruct Nagorno Karabakh
Azerbaijan has demonstrated a firm commitment to reconstructing Karabakh, which was largely neglected and left unattended for three decades. According to the Azerbaijani state media, between 2020 and...
View ArticleA disconcerting speech by Samir Sharifov
Currently, Azerbaijan’s external public debt stands at $5.5 billion—a relatively low level, according to experts, achieved through targeted government efforts. It’s worth recalling that the head of...
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Exploring new business horizons in Azerbaijan
Yusif Abdullayev spoke about Azerbaijan’s plans to double its non-fossil fuel exports by 2030. With an annual GDP already over US$70 billion, this country of 10 million people has huge potential....
View ArticleMoody’s upgrades Azerbaijan’s otlook to positive
Concurrently, Moody’s affirmed the foreign currency-backed senior unsecured rating of Southern Gas Corridor CJSC (SGC) at Ba1 and changed the outlook to positive from stable. The positive outlook...
View ArticleMedia: Pakistan awaits billion-dollar investments from Azerbaijan
As previously reported by Pakistan’s Ministry of Foreign Affairs, Azerbaijani President Ilham Aliyev will arrive in Pakistan today for a two-day visit. “Minister of Petroleum Musadik Malik said on...
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Fitch upgrades Azerbaijan’s rating to BBB- with stable outlook
Fitch Ratings said Friday it upgraded Azerbaijan’s long-term foreign currency issuer default rating to BBB- from BB+ with a stable outlook. The rating agency said the upgrade reflects the country’s...
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New Baku-based VC fund aims to seize “new dawn opportunity” in Central Asia...
Sabah.Fund, launched in partnership with Sabah.Hub, a pivotal player in the local ecosystem, has announced its first close of $11mn, a notable figure by regional standards. The new fund aims to raise...
View ArticleUzbek-Azerbaijani Business Forum held
Supported by the Ministry of Investment, Industry, and Trade of Uzbekistan, the Ministry of Economy of Azerbaijan, and jointly organized by the Azerbaijan Export and Investment Promotion Agency...
View ArticleAzerbaijan increasing trade turnover with Israel
The mutual trade volume between Azerbaijan and Israel reached $1.150 billion from January to July 2024, marking a 36.8 per cent increase compared to the same period last year, Caliber.Az reports....
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