IMF chief warns of possible return of Great Depression
The head of the International Monetary Fund has warned that the global economy risks a return of the Great Depression, driven by inequality and financial sector instability, Report says, citing…
Section: Business
Azerbaijan seeking cooperation, not competition in energy sphere – top official
Azerbaijan is seeking cooperation, not competition in the energy sphere, Assistant of the President of the Republic of Azerbaijan, Head of Foreign Policy Affairs Department of the Presidential Administration Hikmet…
Azerbaijan-made products exhibited in Germany
The International Green Week traditional food, agriculture, and fishing exhibition kicked off in Berlin on January 17, Report says, citing the Export and Investment Foundation of Azerbaijan (AZPROMO). The exhibition,…
EU expert mission on coordinating tax and customs authorities to visit Azerbaijan
On 27–31 January, tax and revenue experts from Greece will visit Azerbaijan to help the Ministry of Taxes to improve its supervision of import-export operations. Report informs that the mission…
Azerbaijan second among 54 for growth in minimum salary
Azerbaijan ranked 2nd among 54 countries for growth in the minimum salary in early 2020. Report says, citing Picodi.com, that the minimum salary is $140, and the growth in 2019…
SOCAR makes next interest payments for its bonds
Investors of SOCAR Bonds made a total income of $1,250,000 during the 13th coupon payments transferred to the bondholders’ accounts on January 17, 2020. This case is the first coupon…
Tesla turns corner as it entered 2020
Elon Musk’s electric car production company appears to have turned a corner as it entered 2020. The manufacturer delivered a record 112,000 vehicles in the fourth quarter of last year…
Azerbaijan, Latvia discuss ICT cooperation
Minister of Transport, Communications and High Technologies of Azerbaijan Ramin Guluzade met with Ambassador of Latvia to Azerbaijan Dainis Garancs, said the Ministry of Transport, Communications and High Technologies, according…
Georgia’s debt to Azerbaijan declines
As of January 1, 2020, Georgia’s debt to Azerbaijan made up $6.699 million, down $175,000 from the previous month, Report’s Georgian bureau informs citing Finance Ministry. By contrast to a…
Azerbaijan Railways company discloses number of passengers transported in 2019
Azerbaijan Railways CJSC launched four important projects in 2019, Chairman of Azerbaijan Railways CJSC Javid Gurbanov said. Gurbanov made the remark in Baku at the board meeting on the results…