Azerbaijan economic development

Yıldırım

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The State Tourism Agency and the Astrakhan region of the Russian Federation signed a cooperation agreement.


The signing took place within the framework of the meeting between the Governor of the Astrakhan region of the Russian Federation Sergey Morozov and the Chairman of the State Tourism Agency Fuad Naghiyev, the Agency told AZERTAC.


The parties agreed on a number of issues to develop long-term and constructive relations in the field of tourism.


The two discussed the importance of restoring flights between the cities of Baku and Astrakhan to boost tourism relations. They also touched upon the implementation of a cruise project in the Caspian Sea.


The meeting aimed to promote tourist products of both parties and facilitate tourism exchange between Azerbaijan and the Astrakhan region.


An agreement has been reached between the parties to benefit from joint tourism programs and projects and developing direct cooperation between tour operators.


At present, the project of a cruise between the Caspian countries, that will boost tourism and transit potential of the littoral states, is at the development stage. Approximate commissioning of the liner is scheduled for next year. At the first stage, trips will be organized on the Astrakhan-Baku route, and, then, the route will be further expanded until 2020.


Azerbaijan is one of the main economic partners of Russia among the CIS countries. The trade turnover between two countries amounted to $2.14 billion in 2017. Azerbaijan invested more than $1 billion in the Russian economy, and Russia invested about $4 billion in the economy of Azerbaijan.


At present, enterprises of 71 regions of the Russian Federation cooperate directly with Azerbaijan. Fifteen regions of Russia have relevant agreements with Azerbaijan on trade and economic, scientific, technical and cultural cooperation.


Astrakhan is the center of the Astrakhan region of the Russian Federation. This city, named after Haji Tarkhan in the XIII-XIV centuries, became an important trading center on the seabed of the Volga River, located on the Silk Road in the Caspian Sea. Such a favorable geographical position allowed the old city to become the largest transportation hub of the entire Lower Volga region. Railway and air traffic, sea and river port of the Volga-Caspian basin made the city a frequently visited place not only in the list of connoisseurs of rich cultural heritage. The population of Astrakhan is multiethnic though it is mostly Russian. At present, Tatars, the main population of the region in the past, make up only 7 percent of the population. The main industry in the city is fuel-energy sector.


The Azerbaijan-Russia Bridge of Friendship was inaugurated in Astrakhan, Russia in 2012.


The opening of the business center of Azerbaijan, built on the initiative of the Heydar Aliyev Foundation, took place in the Russian city of Astrakhan this year to introduce Made in Azerbaijan brand abroad. The interested Russian companies also have opportunity to conclude long-term contracts with specific suppliers from Azerbaijan.


The Azerbaijani investors became the first foreign businessmen in Astrakhan’s Lotos special economic zone in 2017. Azerbaijan’s ATEF Group of Companies launched the construction of a plant for the production of electrical equipment in the special economic zone. The construction of an electrical equipment plant with $ 18 mln in investment is currently underway
 

Yıldırım

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The volume of import-export operations between Azerbaijan and Ukraine in January-November 2018 was about $ 726 million, or $12 million more than in the same period last year, the State Statistics Committee of Ukraine told AZERTAC.


According to the report, about $ 311.4 million worth of products were exported from Azerbaijan to Ukraine during the reporting period of the current year. The cost of Azerbaijan's imports from Ukraine amounted to $414.5 million.


The volume of trade turnover between the countries exceeded $ 616 million in January-October 2018.


Azerbaijan and Ukraine enjoy sustainable prospects of bilateral relations in political, economic, energy, transport and humanitarian fields.


The trade growth started in 2005 and reached $ 1.5 billion in peak points in 2011, export products amounted $ 909 million, while import - $ 558 million.


Azerbaijan is considered one of the main trade partners of Ukraine among the CIS countries.


Ukraine is in the second place after Russia in terms of trade partners of Azerbaijan in the post-Soviet space.


Recently, Azerbaijan and Ukraine have been engaged in active developments of economic cooperation. In June of this year, the first Trade House of Azerbaijan was opened in Kiev, analogous houses are planned to open in other cities of the country.


Direct investments from Ukraine to Azerbaijan exceed $25 million, and from Azerbaijan to Ukraine - $200 million.


Last year, the volume of trade turnover between the two countries reached $ 810 million, which is 2.4 times more than in 2016. Azerbaijani oil amounted to $ 376.877 million of the total $ 442.219 million worth oil imported by Ukraine in 2017.


Main goods imported from Ukraine to Azerbaijan are metallurgy products, machine building products, agro-industrial products and chemical industry products. Meanwhile, the main goods exported from Azerbaijan to Ukraine are products of fuel energy industry, chemical industry products, and agro-industrial products
 

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An investor from Azerbaijan is implementing a project in the Derbentsky district of Dagestan to build a modern greenhouse plant for the production of tomatoes.


The complex is planned to be launched in February 2019, Trend reports, citing the Makhachkala Izvestiya.


The progress of construction work and other issues related to the implementation of the project were discussed in the Government of Dagestan with the participation of Deputy Prime Minister - Minister of Agriculture and Food of the Republic of Dagestan Abdulmuslim Abdulmuslimov and representative of the investor side Sadig Rza.


During the meeting, it was noted that investment project in Salik city was initiated by Khazar-18 LLC and provides for the cultivation of tomatoes in closed ground on a total area of 20 hectares. Currently, construction work is actively carried out using advanced European and Russian technologies and equipment.


The total cost of the project is 1.3 billion rubles. After its launch, which is scheduled for February next year, the capacity of greenhouses will be about 3,500 tons of vegetables per year. As a result of the project, it is planned to create up to 150 new jobs. It is assumed that annual allocations to the budgets of all levels will amount to 33.2 million rubles.


During the discussion, Abdulmuslim Abdulmuslimov noted the interest of Dagestan in the implementation of the project and expressed confidence that the investor will be given all the necessary support until the issue of giving the project priority status is considered.


Dagestan is the largest republic of the North Caucasus. Located in the North Caucasus region, Dagestan enjoys ancient friendly and neighboring relations with Azerbaijan. Its capital and largest city Makhachkala, located at the center of Dagestan on the shore of the Caspian Sea.


Azerbaijan and Dagestan have been united by neighborly practices and brotherly relations, both economically and culturally. Dagestan's ancient city of Derbent densely populated by Azerbaijanis serves as a friendly bridge between the two nations.


Earlier, Baku hosted Days of Dagestan for the first time on May 12-13, 2016, which stipulated a series of events. Dagestan presented its economy, culture, traditions and history, as well as, tourism potential.


Moreover, Dagestan introduced more than 30 projects in Baku including the production and processing of subsoil resources.
 

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Russia remains the main export market for the non-oil sector of the Azerbaijani economy, while fruits and vegetables occupy leading positions in the export of products.


Azerbaijan exported tomatoes for $ 162.2 million in January-November 2018, thus becoming a leading commodity in the non-oil sector, according to data from the December Export Review, Center for Analysis of Economic Reforms and Communications.


Gold came in second place in terms of exports - by $ 107.2 million, persimmon settled in third place - $ 89.1 million.


In general, Azerbaijan exported fruits and vegetables for $ 495 million in January-November 2018.


The main market for Azerbaijani non-oil goods remains Russia - $554 million. Then comes Turkey with $321.3 million, Switzerland - $123.3 million, Georgia - $117.1 million and Kazakhstan - $41.1 million.


At the same time, the highest growth rates in the non-oil sector were recorded in Kazakhstan - 42 percent, Turkey - 22 percent, Russia - 12 percent, decline in exports is traced to Switzerland - 8 percent and Georgia - 3 percent.


In general, exports of the non-oil sector for the period amounted to $ 1.5 billion, which is $ 145 million, or 10.5 percent more than the same period last year.


The Center for Analysis of Economic Reforms and Communications was established by Decree of the President of the Republic of Azerbaijan dated April 20, 2016. The purpose of the Center is to develop proposals, as well as medium-term and long-term forecasts for the implementation of economic reforms through analysis and research at the macro and microeconomic level.


The main priority sectors in the development of the Azerbaijani non-oil sector are agriculture, tourism, information and communication technologies, and the manufacturing industry.


For the development of agriculture in the country, consistent state programs are being implemented, reforms are being carried out, and the newest technologies are being attracted.


The general situation in Azerbaijan, stability, development further stimulates local and foreign investors. It is no coincidence that over the past 15 years, an investment of $ 250 billion has been invested in the country's economy.


The main goal of the reforms carried out in Azerbaijan is to make the economy competitive so that it is characterized by such an indicator as exports of high value-added products to the world market. This ensures the inflow of foreign currency earnings, strengthens the economy, reliably protects the national currency from devaluation, creates the conditions for creating highly skilled jobs.
 

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Arkhangelsk region of Russian Federation will organize a business mission to Azerbaijan in May 2019.


The future participants may apply until January 20 to present their products in Azerbaijan.


This is stated in the information posted on the website of the Government of the Arkhangelsk region, which is the organizer of the event, AZERTAC reports.


One of the goals of the business mission is to establish partner relations between the producers and trade partners of the Arkhangelsk region and Azerbaijan to develop the economic cooperation.


Arkhangelsk region and the Republic of Azerbaijan have long-standing friendly relations. Today Azerbaijan is an important trading partner of the Arkhangelsk region. The volume of bilateral trade amounted to $ 24.6 million in 2017.


Earlier in the autumn of 2018, the delegation of Pomorye (Arkhangelsk) took part in the Russian-Azerbaijani business forum for the third time.


Orlov, Governor of the Arkhangelsk Region, said that the trade turnover between the region and Azerbaijan increased by 40 percent over the year. He also noted that it is possible to get Arkhangelsk products in Baku, for example, beds for children.


Shipbuilding, hydrocarbon production, agriculture and tourism are, in Orlov’s opinion, promising areas for mutually profitable partnership.


Azerbaijan is one of the main economic partners of Russia among the CIS countries. The trade turnover between two countries amounted to $2.14 billion in 2017. Azerbaijan invested more than $1 billion in the Russian economy, and Russia invested about $4 billion in the economy of Azerbaijan.


At present, enterprises of 71 regions of the Russian Federation cooperate directly with Azerbaijan. Fifteen regions of Russia have relevant agreements with Azerbaijan on trade and economic, scientific, technical and cultural cooperation.


Arkhangelsk region, located in the far north of the Russia, is a forest region that has great potential in woodworking, biochemistry, biotechnology as well as rich in diamonds and hydrocarbons, shipbuilding and tourism.


At present, several Azerbaijani public organizations, the regional branch of the All-Russian Azerbaijan Congress, the Azerbaijani diaspora of the Arkhangelsk region and the regional public organization of the Azerbaijani community "Karvan-Karavan" in Kotlas operate in Pomorye.


The Azerbaijani diaspora in Arkhangelsk holds the days of the culture of Azerbaijan, takes an active part in the work of the Council of Nationalities, is engaged in the restoration and opening of a mosque in Pomorye.


It should be noted that Arkhangelsk region of Russia will import 50 tons of sugar beet per month from Azerbaijani region, Imishli. Furthermore, Arkhangelsk region and Azerbaijan will sign a cooperation agreement. This was agreed on the sidelines of the 7th Azerbaijan-Russia interregional forum in Baku. The agreement will embrace trade, economic, scientific, technical and cultural cooperation between the governments of Arkhangelsk region and Azerbaijan.
 

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Turkey imported about 6 billion cubic meters of natural gas from Azerbaijan in January-October of the current year.


The Turkish Energy Market Regulatory Authority (EMRA) has published this information, AZERTAC reported.


According to the report, as of October 2018, Turkey imported 771 million cubic meters of gas from Azerbaijan. Thus, Azerbaijan is the second largest gas exporter to Turkey after Russian – 1.65 billion cubic meters.


The third place is occupied by Iran which exported 588 million cubic meters of natural gas to Turkey in October.


In January 2018, Turkey imported 594.15 million cubic meters from Azerbaijan, in February - 536.61 million cubic meters, in March - 591 million cubic meters, in April - 292.04, in May - 601 million cubic meters, in June - 578 million cubic meters, in July - 595 million cubic meters, in August - 636 million cubic meters. 749 million cubic meters, and 771 million cubic meters in October.


Thus, in the first 10 months of this year, 5.9 billion cubic meters of Azerbaijani gas were exported to Turkey.


Last year, Turkey imported a total of 55.2 billion cubic meters of gas.


Turkey imports natural gas from Azerbaijan via the South Caucasus Pipeline (Baku-Tbilisi-Erzurum) and TANAP. The South Caucasus Pipeline commissioned at the end of 2006 is currently supplying Shahdeniz gas to Azerbaijan, Georgia and Turkey.


TANAP, along with TAP, is a part of Southern Gas Corridor project that envisages transportation of gas from Azerbaijani Shah Deniz-2 gas field to European markets. TANAP gas pipeline was put into operation on June 12 in Eskisehir, Turkey. The first gas transportation to Turkey started on 30 June. So far, TANAP has transported about 800 million cubic meters of Shah Deniz gas to Turkey. TANAP will transport 2 billion cubic meters in 2019 to Turkey, 4 billion cubic meters in 2020, and 6 billion cubic meters of natural gas will be transported in 2021.


Turkey now imports liquefied gas from Algeria, Qatar and the US, except Russia, Azerbaijan, and Iran.


Since Turkey's energy security is dependent on foreign energy resources, Turkey has been continuously exploring new hydrocarbon reserves offshore and onshore
 

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Milk processing is one of the potential spheres, since milk and other dairy products may constitute a significant share in Azerbaijan's non-oil sector. All dairy products are considered vital for food security of the country.


Moreover, export oppotunities are high and soon Azerbaijan may launch sales of its dairy products to Saudi Arabia.


This was said by Samir Eyyubov, chairman of the Azerbaijan’s Association of Producers and Exporters of Milk and Dairy Products (ASEB), Trend reported.


He mentioned that two Azerbaijani companies export dairy products: “Atena” company to Middle East, and MPro to Russia.


Eyyubov noted that the main issue is provision of the domestic market with milk and dairy products, as well as implementation of new standards for this product. He added that steps are being taken to stimulate the development of dairy cattle breeding in the country.


ASEB, established on January 26, 2018 with an aim to support the development of entrepreneurship in the production of milk and dairy products, to increase export and production volumes, as well as introduce new technologies to this sphere. Any legal entity or individual engaged in the field of milk and dairy production can become a member of the association by providing relevant documents.


Azerbaijan’s Association of Producers and Exporters of Milk and Dairy Products (ASEB) plans to introduce new standards for these products in the country. Azerbaijan needs to promote such a concept as “farm milk”. That is milk and dairy products manufactured in compliance with the necessary standards. Special logos should be on packages of finished products to this end.


Earlier, Azerbaijan’s Food Safety Agency said that there are several standards in Azerbaijan related to the dairy products. There is a standard AZS 236-2006 “Sour milk products. Packaging, marking, transportation, storage”. In accordance with this standard, sour milk products, especially perishable goods, must be stored at the temperature 0 - 8ºC.


Milk production in the country in 2017 amounted to 2.0241 million tons. Azerbaijan has about 10 large dairy processing enterprises with annual production capacity of over 5,000 tons. Almost all types of dairy products - pasteurized milk, butter, cream, cottage cheese, cheese, sesame and milk powder are produced there.


As many as 85 percent of domestic demand for these products is provided by local producers, while about 15 percent is met by imported goods.


For 2019, milk production is projected at 2.219 million tons, in 2020 - 2.39 million tons, in 2021 - 2.49 million tons. Thus, by 2022, an increase of 18.6 percent might be observed compared to 2017.


Azerbaijan currently cooperates with U.S. in milk processing. Thus, a newly renovated milk collection and processing facility opened in Guneshli village in Saatli. The facility will produce the first ever yellow cheese in Azerbaijan.
 

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it seems that Azerbaijan is taking a lot of steps to reduce their oil reliance and bolster other fields to strengthen, grow their economy.
 

Yıldırım

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it seems that Azerbaijan is taking a lot of steps to reduce their oil reliance and bolster other fields to strengthen, grow their economy.
exactly. boosting their industries notably tourism, agriculture sectors are really being bolstered by this. in 2017, Azerbaijan took a hit when many countries slowed oil purchasing, so that made many officials realize they needed to change that and began working on other sectors immediately. I mean look at the Turkmens, they relied way too much on their oil/gas industry and investing more into that sector, then diversifying and now they are cash strapped and now doing other economic projects and developments to grow out of that.
 
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