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Economic News Bulletin No 27 September 2018

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Economic News Bulletin No 27 September 2018 Economic news bulletin No 27, September 2018 Khalaf Khalafov in his turn drew attention to the importance of holding a political dialogue and consultations between the two countries, including the need for regular political consultations and bilateral high-level visits. Referring to the Armenian- Economic News Bulletin Azerbaijani Nagorno-Karabakh Embassy of the Republic of conflict, Khalafov said that the Azerbaijan to the peaceful settlement of the conflict Swiss Confederation and must be based on the implementation Principality of Liechtenstein of the UN Security Council Kramburgstrasse 10, 3006 Bern resolutions and the unconditional tel: +41 31 350 50 44 withdrawal of Armenian troops from fax: +41 31 350 50 41 the occupied territories of Azerbaijan. e-mail: [email protected] Nevertheless, Armenia's present political leadership is dealing with Macroeconomics contradictory political statements aimed at strengthening the occupation Azerbaijan, Switzerland mull of the Azerbaijani territories by cooperation Armenia, instead of taking a constructive stance on the peaceful Khalaf Khalafov, Deputy Foreign settlement of the conflict, thus Minister of the undermining the efforts aimed at Republic of peace negotiations and posing a threat Azerbaijan, met to the fragile stability and security in with Christina the region. The Armenian leadership Marti, Deputy is responsible for the development of Secretary of State for Foreign Affairs the events in this context and their of Switzerland in Bern. At the dangerous consequences. meeting, the Swiss official said there were very good relations between the At the same time, the sides stressed two countries and highly appreciated the great potential for the development the meetings and regular dialogue of of economic relations between the Azerbaijani and Swiss presidents Azerbaijan and Switzerland. Swiss within the framework of the annual companies were invited to participate Davos meeting of the World in national and regional projects, Economic Forum. particularly in the non-oil sector, 1 Economic news bulletin No 27, September 2018 industry, transport and President of the Republic of communications, agriculture, Azerbaijan Ilham Aliyev in the WEF pharmacy and tourism. In addition, Annual Meetings and his speeches opportunities for cooperation in therein were emphasized particularly. vocational education were also Attendance of Azerbaijan at current discussed. meeting, dedicated to the challenges relating to the Fourth Industrial At the meeting, the sides exchanged Revolution in the economic, political, views on the regional and social and environmental spheres, was international significance of signing highly appreciated as another the Convention on the legal status of manifestation of the level of these ties. the Caspian Sea, the opportunities created at the regional and Minister Mammadyarov noted that in international levels by the the East- the WEF reports on trends in global West transport corridor project economic development and implemented in the Caspian Sea, as forecasting its prospects, Azerbaijan's well as international energy projects indicators on providing business initiated by our country. conditions, competitiveness and creating new jobs are growing year by The ambassador of the Republic of year. He stressed that due to these Azerbaijan to the Swiss Confederation positive achievements, which are the and Liechtenstein, Hanum Ibrahimova result of ongoing reforms and also participated in the meeting. modernization programs carried out in the country, firm and sustainable Azerbaijan, World Economic development was ensured. Forum discuss prospects of cooperation development Elmar Mammadyarov spoke about the great attention paid to the projects of Azerbaijan`s Foreign Minister Elmar regional cooperation with the aim of Mammadyarov, more efficient use of Azerbaijan’s rich who is on a potential for the sake of prosperity of working visit to its people. In this regard, along with China, met with the strategic projects being President of the implemented in the oil and gas sector, World Economic Forum (WEF) Borge he highlighted the exceptional Brende as part of the Annual Meeting importance of the East-West, North- of the New Champions organized by South and South-West transport the WEF in Tianjin. The sides hailed corridors. the traditional ties between Azerbaijan and the WEF. Participation of 2 Economic news bulletin No 27, September 2018 Touching upon the Armenia- million kilowatt-hours of electricity Azerbaijan conflict, Minister Elmar worth about 86,000 manats from May Mammadyarov pointed out that the 22, 2014 to July 1, 2018. Moreover, illegal presence of the armed forces of 1.816 million kilowatt-hours of Armenia in the occupied territories of electricity of that volume were sold. Azerbaijan, while remaining a serious threat to regional peace and stability, The contract cost of the solar power is at the same time the main obstacle plant project is 14.7 million manats. In to comprehensive cooperation in the January-July 2018, Azerbaijan’s wind South Caucasus region and a wider farms produced 14.1 million kilowatt area. hours of electricity, which is 63.9 percent more than in January-July The sides, expressing confidence 2017, while solar power plants regarding successful development of generated 23.4 million kilowatt hours traditional relations between of electricity, says a report of the State Azerbaijan and the WEF, exchanged Statistics Committee. views on the role of the country in the global economy system and other According to the State Agency for issues of mutual interest. Alternative and Renewable Energy Sources, the country’s wind energy Industry potential is 350 megawatts, 50 megawatts account for solar energy, Azerbaijan’s solar power plant and during the next few years it will preparing to connect new solar be possible to reach the level of 20 panels megawatts in bioenergy. Azerbaijan’s Pirallahi solar power Azerbaijan’s power plants generated plant is preparing 13.5 billion kilowatt hours of to connect new electricity in January-July 2018 that is solar panels, 2.6 percent more than in the same Azalternativenerji period of 2017, according to the report. LLC under the The report says that 12.99 billion State Agency on Alternative and kilowatt hours of the total electricity Renewable Energy Sources said. "In generated in January-July 2018 general, 4,400 solar panels have been accounted for commercial electricity, installed here, 1,920 of them have which is 3.1 percent more than in been already connected, the remaining January-July 2017. 2,480 are being prepared for connection," the company said. The solar power plant generated 1.9 3 Economic news bulletin No 27, September 2018 Agriculture After cultivation, Azertutun LLC buys the tobacco, and this year it is Azerbaijan starts production of expected to produce 2,700 tons of most expensive tobacco dried tobacco, the source said. Azerbaijan has started growing The source also reminded that last growing tobacco year, 843 hectares of land were of US variety, a allocated for tobacco in Shaki district source in the and 2,631 tons of tobacco were Executive Power produced. of Azerbaijan’s Shaki district said. This type of Azerbaijani winemakers eye to tobacco grown in Shaki is imported enter new markets from the US state of Virginia, and it is more valuable compared to other Wine production in Azerbaijan in varieties of tobacco, according to the 2018 can grow by source. 50 percent compared to last “This year, 877 hectares of tobacco year, chairman of have been planted in Shaki, 649 the Association of hectares of which account for Virginia Wine Producers and Exporters Elchin green tobacco, and other varieties of Madatov said. "Last year, we tobacco have been planted on 228 produced five million bottles of wine hectares,” the source noted. “Tobacco and other similar products. This year production has already begun in the we expect an average growth of 50 district. As much as 2,600 tons of percent. For some products, growth Virginia tobacco were produced this may be greater, but on average we season, and also 15,743 tons of other expect that production will grow by varieties of green tobacco were half," Madatov said. In 1H2018, harvested.” Azerbaijan exported 3.3 million bottles of wine, according to him. The peculiarity of the Virginia variety is that unlike other types of tobacco, it "It is 60 percent higher than the same can be dried in a special way at any period of 2017. As for expanding the temperature, said the source. geography of exports, we have long Azertutun LLC imports seeds of this wanted to enter the Central Asian and variety, concludes contracts with Baltic markets. We don't have strong population, provides farmers with presentation in these markets, seeds, etc., according to the source. therefore we want to increase it. We pin great hopes on Azerbaijan's 4 Economic news bulletin No 27, September 2018 trading houses in Riga, Latvia, as well revive, all Azerbaijani producers were as on the Azerbaijani export mission oriented to the markets of the post- to Kazakhstan and the opening of a Soviet countries. However, today we new trading house in Aktau," Madatov are already targeting the European, said. African and North American markets. Some enterprises export, for example, He noted that, in order to expand the to North America, but these exports export coverage, a number of export are of small volumes," Madatov added. missions are organized, the state gives The country plans to increase exports producers opportunities to participate of wine by five times until 2025 in exhibitions and promote their according to the State program of products. "Over the past three months, development of winemaking for 2018- we have visited China, Belarus and 2025, approved by the President of Germany, where we actively Azerbaijan Ilham Aliyev. advertised Azerbaijani products. Our efforts are already bearing fruit. We Transport have already got requests from Belarus, and I believe that this year Azerbaijan to get 30 Swiss-made Azerbaijani wines and cognacs will railcars return to the Belarusian market.
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