Tashkent hosting exhibition "Economic Highlights-Stepping Stones to Shared Prosperity"

As part of the Azerbaijani President’s official visit to Uzbekistan, Azerbaijan's economic potential is on full display at the "Economic Highlights – Stepping Stones to Shared Prosperity" exhibition in Tashkent.

Azerbaijan and Uzbekistan intend to open trade houses

Public catering facilities, national pavilions, and trade houses of Uzbekistan are planned to be established in the cities of Baku and Shusha, and trade houses of Azerbaijan in the cities of Tashkent and Samarkand.

Public catering turnover grows by more than 8%

In January-July 2024, the turnover of public catering establishments in Baku amounted to 828 million manats.

Walmart sells $3.74 billion JD.com stake

Walmart, the biggest shareholder of Chinese e-commerce firm JD.com, has sold its entire stake, according to a person familiar with the matter, exiting an eight-year investment to focus on its own operations in China.

Azerbaijan earns more than $380 mln. from fruits & vegetables exports

Trade turnover between Azerbaijan and Russia exceeded USD 2.5 billion

In January-July of 2024, the trade turnover between Azerbaijan and Russia amounted to 2 billion 572.8 million dollars, which is 5.2 % or USD 127.5 million more compared to the corresponding period of last year

Kazakhstan supplied coffee for $52,000 to Azerbaijan for Jan-May 

Azerbaijan imported over 525,000 smartphones in 5 months

Over Jan-May 2024, our country imported 525,966 smartphones for $148,228.

Record Turkish exports in July

Türkiye's exports in July increased by $13.8% up to 22.512 billion.

Amazon's revenue grew by 10% for Q2

According to the balance sheet of e-commerce giant Amazon, company's earnings grew in the 2nd quarter of this year, but was below expectations.

Pirallakhi Industrial Park sold products for 53 million manats

To date, the Pirallakhi Industrial Park, managed by the Economic ZonesDevelopment Agency (under the Ministry of Economy of Azerbaijan), has sold products for 53 million manats.

AZPROMO sharply reduces its obligations

In 2023, the revenues of the Azerbaijan Export & Investment Promotion Agency (AZPROMO) totaled 6.158 million manats and expenses - 6.187 million manats (59.8% and 2.4-fold more than in 2022, respectively).

Olive oil has risen in price in Azerbaijan

This June, average selling price of 1 liter of olive oil in Azerbaijan was 17 manats (1.40 manats or 9% more than in June 2023)

Corn oil has fallen in price by 1 manat

In June 2024, the average selling price of 1 liter of corn oil in Azerbaijan was 5.94 manats (1.04 manats or 15% less than in June 2023), ABC.AZ reports, referring to the State Statistics Committee.

Azerbaijan halts poultry meat imports from two countries

Georgia's wheat reserves virtually exhausted

Wheat reserves in Georgia have actually been exhausted, and mills will stop working in the coming days, as the country has begun to import flour actively

Iran's trade turnover with its neighbors increased by 6%

Profit of Azərkontrakt decreased 3.6-fold

Azərkontrakt OJSC completed 2023 with net profit of 41.703 million manats (3.6-fold less than in 2022).

Nearly 30 Go Crispy and Tea Time restaurants to open in Azerbaijan

Around 30 Go Crispy and Tea Time restaurants are planned to open in Azerbaijan.

Problem with non-cash payments in Azerbaijan

A problem with non-cash payments ocurred in the markets of Azerbaijan. Thus, payment by cards through POS-terminals has become impossible.

Azerbaijan's non-oil exports decreased by 10%