Azerbaijan economic development

Yıldırım

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He was speaking to a group of journalists from Qatar who recently visited Azerbaijan to get a firsthand experience with the tourism opportunities and activities that the country offers for the visitors.

“We have on-arrival facility for Qatar citizens and Azerbaijani citizens also get the same facility in Qatar. Now, we are considering on-arrival visa system for the residents of several countries including Qatar,” he said.

However, the official did not give a specific time frame for the implementation of the new facility. Fidan Aliyeva, brand and marketing director, Azerbaijan Tourism Board and Florian Sengstschmid, CEO Azerbaijan Tourism Board also spoke with the visiting journalists.

“Qatar is a very important country for us.We have very well established relations with Qatar. Moreover, we have direct flights from Doha to Baku –twice daily and it is very easy to combine trips to Georgia too. We have very good road connectivity between Baku and Tiblisi and tourists can make use of it,” said the official.

“As for the tourism perspectives from Qatar, we are involved in several activities. In July 20018, several Qatari bloggers visited Azerbaijan. The aim of the visit was to get familiarised with Azerbaijan, its culture and tourism potential. They visited some of the important places in our country which has been instrumental in making many people visit the country subsequently,” said Aliyeva.

“Middle East is an important market for us and we have very recently come up with our new brand and identity. We are planning to open representative offices in the Middle East. As for Qatar, we are working on a B2B basis through different agencies. We are arranging roadshows for different groups of people such as journalists, influencers among others. We are also promoting awareness about the country,” added Aliyeva.

Azerbaijan recently launched its five year national tourism strategy as the country is diversifying its economy. An Azerbaijani perfume shop was opened in the Doha Festival City recently to familiarise the perfumes of Azerbaijan as part of the awareness programme.

Azerbaijan, known for its beautiful landscape and ancient culture, has also witnessed huge growth in the number of tourists from Qatar in the recent years. The number of visitors from Qatar went up from 83 in 2010 to 12,459 in 2018.
 

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Azerbaijan contracted South Korea's Land corporation for the $28 Billion project of the Khizi city project. the city will have a population of 500,000 and will have a port along with a resort
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Russia's Irkut signed an Agreement with Azerbaijan to allow the production of the MC-21 locally. the first 10 will be supplied in flyaway condition while any additional order will be built locally
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seems Azerbaijan is really trying to grow it's civilian aviation industry which is quite impressive.
 

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Azerbaijan will build another 10 SOCAR gas stations in Ukraine
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SOCAR just bought SCANIA's truck plant in Odessa so SOCAR can maintain and order new tankers in Ukraine
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Azerbaijan exported apples totaling $ 34.7 million to Russia in 2018.


This is 6.7 percent of the total Russian imports of apples, Report informs citing Russian media.


In total, Russia imported 844,000 tons of apples amounted to $ 517.4 million, while it exported 11,700 tons of $ 4.11 million.


The main countries exporting fresh apples to Russia are Serbia (20.7 percent) and Moldova (20.5 percent). China ranks third with 16.5 percent.


Russia also imported fresh apples from Iran (7.3 percent), Turkey (7.2 percent), Chile (5 percent), Belarus (3.4 percent), South Africa (3.4 percent), Argentina (3 percent), Brazil (2 percent), New Zealand (2.8 percent), Macedonia (1.2 percent) and other countries.


Azerbaijan is one of the main economic partners of Russia among the CIS countries and Russia remains one of Azerbaijan’s main foreign trade partners. Interregional cooperation plays an important role in the development of Russian-Azerbaijani trade and economic relations and the increase in trade turnover. Russia ranks first in terms of export of non-oil products from Azerbaijan.


The trade turnover between two countries amounted to $2.14 billion in 2017. According to the Azerbaijani State Customs Committee, trade turnover between Azerbaijan and Russia amounted to almost $2.27 billion in January-November 2018.


So far, Azerbaijan invested more than $1 billion in the Russian economy, and Russia invested more than $4.2 billion in Azerbaijan’s economy. About 760 companies with Russian capital operate in Azerbaijan.


Russia is a strategic partner of Azerbaijan. The legal framework between the countries includes over 180 documents, including about 50 in the economic sphere.
 

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Azerbaijan and Saudi Arabia will discuss expansion of cooperation in the field of energy, agriculture and the IT sector, Azerbaijan’s Finance Ministry told Trend March 1.


These issues will be included in the agenda of the meeting of the fifth joint intergovernmental commission of the two countries to be held March 4.


The sides will also discuss the development of trade relations and the increase in trade turnover, expansion of cooperation in food safety, labor and employment, healthcare, culture, tourism, education, youth and sports, religion, security, air communications, land reclamation and water management, the regulatory framework and other issues.




The joint commission is co-chaired by Azerbaijan’s Finance Minister Samir Sharifov and Governor at the Saudi Arabian General Investment Authority (SAGIA) Ibrahim bin Abdul Rahman Al Omar.


During the meeting, the parties will also discuss the current state of economic cooperation, the work done after the fourth meeting of the intergovernmental commission and the prospects for expanding ties.


Following the event, a final protocol will be signed and a round table meeting will be held with the participation of business circles of the two countries.


Azerbaijan’s trade turnover with Saudi Arabia amounted to 30.9 million manats in 2018, according to the State Customs Committee of Azerbaijan. About 24.3 million manats accounted for the import of Saudi products in Azerbaijan.
 

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By achieving successful results, Azerbaijani export missions sent to the foreign countries contribute to the development of country's economy.


With the support of the Ministry of Economy, Azerbaijan Export and Investment Promotion Foundation (AZPROMO) organized export mission to Poland's capital, Warsaw, on March 6-10.


The export mission included 22 Azerbaijani companies engaged in wine and other alcoholic beverages, food products and cosmetics.


Within the framework of the mission, meetings were held with Polish companies and preliminary agreement on the export of products was reached. Thus, Azerstar LLC, Bakukonserv CJSC, Mars-Fk LLC, AHEC LLC, Astarachay LLC have reached preliminary agreements on the export of their products to Poland.


In addition, the products presented by Azersun Holding and Brightman BMC were met with interest from Polish companies


Within the framework of the export mission, the Azerbaijani companies also presented their products at the stand organized by the Trading House of Azerbaijan at the international food fair "Worldfood Poland" in Warsaw. "Meyseri Mekhmeri Premium" wine produced by "Shirvan Wines" was awarded at the competition held during the exhibition.


Trading House of Azerbaijan opened in Warsaw last year to promote export of Azerbaijani products, organize sales of local products in Poland, and coordinate these activities with entrepreneurs.


The introduction of local products of Azerbaijan to international markets is boosting the non-oil sector of the economy and strengthens business ties with foreign countries.


Therefore, Azerbaijan is organizing a number of export missions to promote national products under the Made in Azerbaijan brand.


Launched in 2016, the Made in Azerbaijan brand envisages a large-scale promotion of local non-oil products in foreign markets.


Export missions are a supporting measure to identify opportunities for accessing new markets, strengthen local product positions in existing markets and provide these markets with new products.


Azerbaijan will organize 24 more export missions this year. Local entrepreneurs will participate in major trade fair in Russia, UAE and Germany in February. The new market at which Azerbaijan aims is South Korea, Azerbaijan will be participating in the food fair there in May 2019.


Promotion of export-oriented local products under the Made in Azerbaijan brand in a wider geographic area also helps to attract foreign investment. The export of non-oil products will stimulate the expansion of the production of these products and will further strengthen the non-oil sector's share in the structure of the GDP.
 

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Azerbaijan is ready to sign a memorandum of understanding with Algeria in the field of energy, as stated Azerbaijani Energy Minister Parviz Shahbazov during a meeting with the CEO of Algeria’s Sonatrach oil and gas company Abdelmoumen Ould Kadour, Trend reports referring to the Ministry of Energy of Azerbaijan.

The meeting was held as part of the 13th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC).

According to the Shahbazov, this document will allow for expanding cooperation between the two countries in the implementation of energy projects, in the fields of the petrochemical industry, transportation and the sale of liquefied gas and oil products.



The 13th meeting of the OPEC/non-OPEC Joint Ministerial Monitoring Committee (JMMC) was held in Baku on March 18. A day before the JMMC meeting, Baku hosted the 27th meeting of the Joint Technical Commission.

Participants of the meeting discussed the current state of the oil market, existing problems and other issues. The event then featured a presentation on the pace of oil market development, and the report of the Joint Technical Commission on production figures for February.

New members of the JMMC were also elected by the end of the event – Iraq, Kazakhstan, Nigeria and the UAE.
 
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