ADB aims to boost annual private-sector financing in Azerbaijan to $13 billion
The Asian Development Bank (ADB) plans to raise its annual financing for the private sector to roughly $13 billion by 2030, the bank's Azerbaijan Country...
Category : Economy
Azerbaijan’s seed barley imports from Russia drop 5.2-fold
Azerbaijan imported 88 tonnes of seed barley from Russia in January-July, worth $36,300, down 5.2 times from the same period last year, the State Statistics...
Manat loan-deposit rate gap hits four-year high in Azerbaijan
The gap between interest rates on manat loans and manat term deposits in Azerbaijan widened to 7.41 percentage points at the start of September, the...
Chinese firm starts building three solar panel plants in Alat
China's Sichuan Sunsync Photovoltaic Technology has begun construction of three solar panel plants on 23 hectares in the Alat Free Economic Zone. The facilities are...
Cahan Holding appoints new head of marketing
Mushvig Iskandarov has been appointed head of Cahan Holding's marketing department....
Turkish defense firm Boğaziçi Savunma and UK’s AECOM to liquidate Azerbaijan branches
Two foreign companies are shutting down their operations in Azerbaijan: Turkish defense technology firm Boğaziçi Savunma Teknolojileri Sanayi ve Ticaret Anonim Şirketi and British infrastructure...
Turkey’s inflation rate falls below 30% for first time in over five years
Turkey's annual inflation rate has dropped below 30% for the first time in a long period, Finance Minister Mehmet Simsek said. Food prices rose 27.6%...
Global sugar prices hit one-year high
Sugar prices on the global market have climbed to a one-year high, approaching 20 cents per pound. Analysts say the El Niño weather pattern is...
Aramco chief warns oil reserves falling to critical levels
Saudi Aramco Chief Executive Amin Nasser has warned that global reserve stockpiles meant to cushion oil supply disruptions have fallen to very low levels. He...
Anadolu: Development Road project could generate $80 billion a year
Turkey's Anadolu Agency reports that the Development Road project, which will link Turkey with Europe via Iraq, could become a full-fledged "energy corridor" backed by...