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Articles by Sadraddin Aghjayev
Kostarev announced the listing of Blum
Blum CEO and Co-Founder Gleb Kostarev made his first public appearance since the departure of Vladimir Smerkis, speaking to more than 15,000 global participants during the platform’s recent AMA session on YouTube. Joined by fellow co-founders, Kostarev used the event to outline Blum’s sharpened strategy ahead of its upcoming Token Generation Event (TGE), unveiling new product innovations, updated token mechanics, and a renewed focus on the TON ecosystem.
From Freelance to Agency: How to Keep Your Freedom and Learn to Work in a Team
Tatiana Bashmachnikova — Creative Project Manager and Producer with over 15 years of experience in the advertising industry. She has worked at international agencies like Havas and McCann, took part in launching Arnold Moscow on the market, led departments, launched brands, and grew businesses from the ground up — including creating an in-house production department that exceeded its first-year revenue goals by 50%.
BNB Chain Just Landed in Blum Trading Bot
Blum, a widely used Telegram-based crypto trading app with over 93 million users, has officially announced the integration of BNB Chain into its flagship Trading Bot. This marks the third blockchain added to the bot, following TON and Solana, and aligns with Blum’s long-term strategy to build a seamless multi-chain, multi-platform trading experience.
Azerbaijan Franchising Association to hold Turan-Economic Forum in Baku
BAKU, Azerbaijan, August 17. The Azerbaijan Franchising Association (AFA) plans to hold a 'Turan-Economic Forum' in the country in December 2023, aimed at investing in the tourism sector, the Chairman of the Board of the association Jamid Movsumov told Trend. According to him, it is expected that more than 500 companies from more than 100 countries will take part in the forum, including, in particular, Saudi Arabia, Kuwait, Japan, Russia.
Several foreign entities to open rep offices in Azerbaijan - Franchising Association (Exclusive)
BAKU, Azerbaijan, August 14. Azerbaijan plans to open representative offices of a number of foreign companies, the Chairman of the Board of the Azerbaijan Franchising Association (AFA) Jamid Movsumov told Trend. According to him, it is planned to open a representative office of the Turkish company Maksivak, which is already a member of the Franchise Association. "Maksivak is a manufacturer of industrial equipment.
Amount of funds to be invested in Azerbaijan's largest industrial park announced
BAKU, Azerbaijan, August 15. In the near future, 386 million manat ($227 million) is expected to be invested in the Sumgayit Chemical Industrial Park, Trend reports. According to the Azerbaijan Economic Zones Development Agency, more than 2,000 permanent jobs will be created as a result of this. Four more residents plan to start their activities in the industrial park this year.
Endorsement of Trans-Caspian International Transport Route roadmap for development looming
BAKU, Azerbaijan, August 14. Minister of Industry and Infrastructure Development of Kazakhstan Marat Karabayev presented to Minister of Transport and Digital Development of Azerbaijan Rashad Nabiyev the draft roadmap for the development of the Trans-Caspian International Transport Route (TITR or Middle Corridor), which is planned to be signed by its participants, Trend reports.
Baku hosts first Caspian International Transport & Logistics Forum
BAKU, Azerbaijan, August 14. Baku will host "Black and Caspian Freight Forum 2023: corridors, cargos, infrastructure" international conference and exhibition from September 20 through September 21, Trend reports.
Azerbaijan leads in mobile network speed in Caucasus, Central Asia
BAKU, Azerbaijan, August 14. Azerbaijan's mobile performance outshines its regional peers across Central Asia and Caucasian countries, Ookla Principal Analyst Sylwia Kechiche told Trend. According to Kechiche, the Azerbaijani government has been investing in expanding and upgrading the country's broadband infrastructure to support the increasing demand for internet services and enable digital transformation, which is a crucial pillar of economic growth.
AZAL aircraft operating on Baku-Delhi route returns to airport of departure
BAKU, Azerbaijan, August 13. The captain of the aircraft of Azerbaijan Airlines (AZAL) operating flight J2-5001 on the Baku-Delhi route decided to return to the airport of departure due to technical reasons, Trend reports citing the press service of AZAL. The plane landed safely at the Baku airport at 02:50 local time. The passengers of the flight at 06:25 were sent to Delhi by another aircraft.
Azerbaijan ready to provide mine clearance equipment to Ukraine - Zelensky
BAKU, Azerbaijan, August 13. Azerbaijan is ready to provide Ukraine with equipment for demining, President of Ukraine Volodymyr Zelensky said in his video message, Trend reports. "Azerbaijan is ready to provide a new humanitarian package, including demining equipment. Demining is one of the important areas of our cooperation with our partners. Ukraine needs supplies of this equipment from its partners," Zelensky said.
Weekly review of Azerbaijan's oil market
BAKU, Azerbaijan, August 12. Azerbaijani oil prices have increased this week, Trend reports. The average price of Azeri LT CIF Augusta crude oil, which is produced at the Azeri-Chirag-Gunashli block of Azerbaijani fields, increased by $1.69 (1.9 percent) this week compared to last week's figure and amounted to $90.53 per barrel. The maximum price during the reporting period was $91.4 per barrel, and the minimum was $89.45.
Azerbaijani oil prices increase
BAKU, Azerbaijan, August 12. The price of Azeri LT CIF Augusta brand totaled $91.4 per barrel on August 11, increasing by $0.21 compared to the previous price, Trend reports, referring to the source from the country's oil and gas market. Azeri LT FOB Ceyhan brand currently costs $90.46 per barrel, which is $0.22 more than the previous price. In addition, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk.
Azeri Central East platform topside installed on ACG block - bp
BAKU, Azerbaijan, August 11. Azeri Central East (ACE) platform topside is installed on the Azeri-Chirag-Gunashli (ACG) block in the Caspian Sea, Trend reports via social media post of Vice President Caspian Region at bp Bakhtiyar Aslanbayli. The first oil production from the ACE platform is scheduled for early next year. The $6 billion ACE project is the next stage of development of the giant ACG field in the Caspian Sea.
Apple co-founder to participate in summit in Baku
BAKU, Azerbaijan, August 11. Apple co-founder Steve Wozniak will participate in the Inmerge Innovation Summit Baku event, Trend reports. Wozniak will give a speech at the summit's opening ceremony.
Azerbaijani oil prices increase
BAKU, Azerbaijan, August 11. The price of Azeri LT CIF Augusta brand totaled $91.19 per barrel on August 10, increasing by 0.04 compared to the previous price, Trend reports, referring to the source from the country's oil and gas market. Azeri LT FOB Ceyhan brand currently costs $90.24 per barrel, which is $0.05 more than the previous price. In addition, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk.
Türkiye raises domestic ticket prices for second time this summer
BAKU, Azerbaijan, August 10. The maximum price level for domestic flights has increased in Türkiye for the second time this summer, immediately by 50%, to 2,500 liras. Tickets at such prices have already appeared on Turkish Airlines, Trend reports. Portal Airport Haber clarifies that for 2500 liras, you can sell 15% of the seats on the plane and the remaining 85% for 1650 liras. At the same time, the previous increase was less than a month ago; at the end of July, prices rose by 43%.
Azerbaijan Railways to buy environment-friendly trains
BAKU, Azerbaijan, August 10. Azerbaijan Railways CJSC will purchase eco-friendly trains as part of the renewal of rolling stock for the next 10 years, Trend reports. According to Azerbaijan Railways, this initiative was formed within the framework of the socio-economic priorities of the country for the next decade. "Thus, the railway structure transferred 110 refrigerated wagons to a local enterprise for processing in June-July 2023.
Azerbaijani oil prices increase
BAKU, Azerbaijan, August 10. The price of Azeri LT CIF Augusta brand totaled $91.15 per barrel on August 9, increasing by $1.7 compared to the previous price, Trend reports, referring to the source from the country's oil and gas market. Azeri LT FOB Ceyhan brand currently costs $90.19 per barrel, which is $1.69 more than the previous price. In addition, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk.
Visa launches digital platform for Azerbaijani businesswomen jointly with Emerging Europe
BAKU, Azerbaijan, August 10. Visa launched the She's Next digital community platform for women entrepreneurs from Eastern and South Eastern Europe, Central Asia, and the Caucasus, created in partnership with Emerging Europe, an authoritative business and community development platform focused on the region, the Baku office of Visa told Trend.
Cargo transportation via Azerbaijan’s Baku Port grows - official (Exclusive) Original
BAKU, Azerbaijan, August 10. From January to July 2023, cargo movement through the Baku International Sea Trade Port grew by 14 percent (500,000 tons), from 3.6 million tons to 4.1 million tons, Head of the Department of Strategic Planning and Development of the Baku International Sea Trade Port Khudayar Hasanli told Trend. He also claims that the transshipment of wheeled vehicles (TIR) has grown from 28,000 to 29,000.
WB aims to support Azerbaijan in achieving strategic development goals - country manager
BAKU, Azerbaijan, August 9. The World Bank (WB) will continue to work closely with the Government of Azerbaijan to achieve the country's strategic development goals, newly appointed World Bank Country Manager for Azerbaijan Stefanie Stallmeister said, the Ministry of Economy of Azerbaijan told Trend. She made the remark during the meeting with Minister of Economy of Azerbaijan Mikayil Jabbarov. The minister highly appreciated the WB's projects on technical and financial assistance.
Greek Aegean Airlines to launch direct flights from Athens to Baku
BAKU, Azerbaijan, August 9. Greek Aegean Airlines will launch direct flights on the Athens-Baku-Athens route from September 29 of the current year, Trend reports. The airlines schedule the flights twice a week, on Mondays and Fridays. The first flight on the route will depart from Athens on September 29 at 23:05 (GMT +3), with an arrival in Azerbaijan's capital at 03:20 (GMT +4). The return flights will depart at 04:20 (GMT +4), with arrival in Athens at 06:50 (GMT +3).
Azerbaijani oil prices recede
BAKU, Azerbaijan, August 9. The price of Azeri LT CIF Augusta brand totaled $89.45 per barrel on August 8, remained at the level of the previous indicator, Trend reports, referring to the source from the country's oil and gas market. Azeri LT FOB Ceyhan brand currently costs $88.5 per barrel, which is $0.05 less than the previous price. Additionally, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk.
Uzbekistan is interested in launching Azerbaijan's Zangezur Corridor
BAKU, Azerbaijan, August 8. Uzbekistan is interested in launching Azerbaijan's Zangezur Corridor, Director of the Center for the Study of Problems of Transport and Logistics Development under the Ministry of Transport of Uzbekistan Bekzod Kholmatov told Trend. According to him, this corridor opens up prospects for Uzbekistan to deliver goods to EU markets, including Azerbaijan, in a shorter period of time.
Turkish Airlines make order to purchase new planes
BAKU, Azerbaijan, August 8. Turkish Airlines company has made an order to purchase four new A350-900, Trend reports. "We are proud of the contribution that the A350, which holds a unique place among the wide-body aircraft of the new generation with unsurpassed economic advantages and efficiency, will make to the development of Turkish Airlines.
Port of Baku completing master plan development for next phase construction in Azerbaijan
BAKU, Azerbaijan, August 8. The development of a master plan for the construction of the second phase of the Baku International Sea Trade Port (Port of Baku) is being completed, the Head of Strategic Planning and Development Department of the Port of Baku, Khudayar Hasanli, said, Trend reports.
Azerbaijan and Uzbekistan plan to create joint venture in renewable energy field
BAKU, Azerbaijan, August 8. Azerbaijan and Uzbekistan plan to create a joint venture for the production of components for renewable energy sources (RES), Head of the Department of the Institute for Strategic and Interregional Studies under the President of Uzbekistan Milana Bazarova said, Trend reports.
Azerbaijani companies in Uzbekistan work big - from mechanical engineering to food production
BAKU, Azerbaijan, August 8. There are 204 companies with Azerbaijani capital functioning in Uzbekistan, Deputy Director of the Center for Economic Research and Reforms under the Administration of the President of Uzbekistan Mukhsinjon Kholmukhamedov said, Trend reports. He made the remark during the round table on the "Uzbekistan and Azerbaijan: new horizons of cooperation" topic in Baku. According to him, Azerbaijan invested $12 million in economy of Uzbekistan in 2022.
Zangezur Corridor's inauguration to expand Azerbaijan's transport and transit capacity
BAKU, Azerbaijan, August 8. The opening of the Zangezur corridor will expand the transport and transit potential of Azerbaijan, as well as the region as a whole, Deputy Director of the Department of Transport Policy of the Ministry of Transport and Digital Development of the Republic of Azerbaijan Azer Aliyev said, Trend reports. According to him, we are discussing the construction of roads and trains, ports, as well as the development of transportation and logistics infrastructure.
Uzbekistan keen in increasing transshipment capacity of Middle Corridor
BAKU, Azerbaijan, August 8. Uzbekistan is interested in increasing to 1.5 million tons the transshipment capacity of the Middle Corridor, Director of the Center for the Study of Problems of Transport and Logistics Development under the Ministry of Transport of Uzbekistan Bekzod Kholmatov said, Trend reports.
Azerbaijan's National leader - founder of Azerbaijani-Uzbek political and economic ties
BAKU, Azerbaijan, August 8. The basis for the development of political and economic relations between Azerbaijan and Uzbekistan was laid by national leader Heydar Aliyev, the Lead Advisor of the Center for Analysis of International Relations, Nagi Akhmedov, said in Trend reports. Uzbekistan and Azerbaijan established diplomatic relations on October 2, 1995.
Azerbaijani-Uzbek political relations remain at highest level
BAKU, Azerbaijan, August 8. Political relations between Azerbaijan and Uzbekistan remain at the highest level, Deputy Head of the Department of Eastern Europe, South Caucasus, Western Asia, and Central Asia of the Ministry of Foreign Affairs of Azerbaijan Zamin Aliyev said, Trend reports. He made the remark during the round table on the topic "Uzbekistan and Azerbaijan: new horizons of cooperation." According to him, over 150 documents have been signed between Azerbaijan and Uzbekistan.
Uzbekistan-aided school in Azerbaijan’s Fuzuli district to open shortly
BAKU, Azerbaijan, August 8. The opening of the school, which is being built with the support of Uzbekistan in Azerbaijan’s Fuzuli district, is expected in the near future, Chairman of the Board of the Center for Analysis of International Relations of Azerbaijan Farid Shafiyev said, Trend reports.
President of Uzbekistan to visit Azerbaijan soon
BAKU, Azerbaijan, August 8. President of Uzbekistan Shavkat Mirziyoyev is expected to visit Baku in August, Chairman of the Board of the Center for Analysis of International Relations of Azerbaijan Farid Shafiyev said, Trend reports. He made the remark during the round table on the "Uzbekistan and Azerbaijan: new horizons of cooperation" topic. According to him, Azerbaijani-Uzbek relations are developing dynamically in almost all directions. Will be updated
Kazakh SEMURG INVEST announces annual oil transportation volume via Middle Corridor
BAKU, Azerbaijan, August 8. As planned, circa 20 million tons of oil will be transported through the Middle Corridor (Trans-Caspian International Transport Route or TITR) per year, Nurzhan Marabayev, General Director of Kazakhstan's SEMURG INVEST company, said, Trend reports. According to Marabayev, strategic tasks related to the diversification of oil export routes will also be picked.
Russia and Kazakhstan invited to participate in construction of Trans-Afghan railway
BAKU, Azerbaijan, August 7. Afghanistan has invited Russia and Kazakhstan to participate in the construction of the Trans-Afghan railway, the Minister of Industry and Trade in the Interim Government of Afghanistan, Nuriddin Azizi, said, Trend reports. "We invite Russia and Kazakhstan to take part in this project.
bp Azerbaijan sails away Azeri-Central-East platform's topsides unit (PHOTO)
BAKU, Azerbaijan, August 7. The topsides unit of the Azeri-Central-East (ACE) platform loaded onto the STB-1 barge has been sailed away from the Bayil fabrication yard in Baku where it was built, Trend reports via bp Azerbaijan. According to BP, the unit of the ACE platform weighs 19,600 tons and stands 36 meters tall. Last year, the STB-1 barge underwent the necessary upgrades for use in the ACE project.
Visa to share expertise in digital currencies with Azerbaijan's Central Bank - Visa VP
BAKU, Azerbaijan, August 7. Visa is ready to share its expertise in the field of digital currencies with the Central Bank of Azerbaijan (CBA), Vice President and Regional Manager of Visa in Central Asia and Azerbaijan Crisitna Doros told Trend in an interview. Visa and the CBA, she claims, are engaging in an open and constructive debate to develop appropriate formats of contact and cooperation.
Azerbaijan broadens student educational loans
BAKU, Azerbaijan, August 5. Students attending vocational-technical schools in Azerbaijan will now have access to student educational loans, Trend reports. The Cabinet of Ministers approved the relevant changes in the "Procedure for providing student educational loans from the student educational loan fund" through decree No. 226 on July 24, 2021. Prior to this update, only students of higher vocational-technical schools were eligible for these loans.
Azerbaijani oil prices increase
BAKU, Azerbaijan, August 4. The price of Azeri LT CIF Augusta brand totaled $90.11 per barrel on August 4, increasing by $1.21 compared to the previous price, Trend reports, referring to the source from the country's oil and gas market. Azeri LT FOB Ceyhan brand currently costs $89.18 per barrel, which is $1.22 more than the previous price. In addition, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk.
Work on multimodal transport efficiency discussed - TRACECA
BAKU, Azerbaijan, August 5. The Permanent Secretariat of the TRACECA Intergovernmental Commission, together with partners, discussed the development of recommendations for the best scenarios of trade routes among participating representatives of the private sector from Central Asian countries, as well as Azerbaijan and Georgia, the TRACECA press service told Trend.
SOCAR, Microsoft sign co-op agreement in digitalization, innovation, improvement of information technology infrastructure
BAKU, Azerbaijan, August 4. State Oil Company of the Republic of Azerbaijan (SOCAR) and Microsoft have signed a memorandum of understanding, Trend reports. According to SOCAR, under the agreement, cooperation in the areas of digitalization, innovation, improvement of information technology infrastructure, human capital development, as well as exploration, production, processing, marketing, transport, and cybersecurity is planned.
Azerbaijan, Italian Leonardo company mull ICT cooperation prospects
BAKU, Azerbaijan, August 4. Azerbaijan's Minister of Digital Development and Transport Rashad Nabiyev and the Chairman of the Board of Directors of the Italian Leonardo company Stefano Pontecorvo mulled cooperation prospects, Trend reports via the minister's tweet. According to Nabiyev, the parties explored potential cooperation in the areas of cybersecurity, space activities, and transportation. Leonardo is Italy's largest defense product manufacturing company.
Azerbaijani oil prices rebound
BAKU, Azerbaijan, August 4. The price of Azeri LT CIF Augusta brand totaled $88.9 per barrel on August 3, increasing by $1.57 compared to the previous price, Trend reports, referring to the source from the country's oil and gas market. Azeri LT FOB Ceyhan brand currently costs $87.96 per barrel, which is $1.6 more than the previous price. Additionally, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk.
Azerbaijan Railways adds additional trains on Baku - Agstafa - Baku route
BAKU, Azerbaijan, August 3. Additional trains will be added along the Baku-Agstafa-Baku route on August 5-6, Trend reports. According to the Azerbaijan Railways CJSC, trains will depart from Baku Railway Station to Agstafa at 08:25 (GMT+4), while in the opposite direction - at 17:10. Despite the introduction of additional trips, trains, running according to the schedule, will continue to depart from Baku to Agstafa at 08:45, and in the opposite direction - at 18:15.
Azerbaijan’s Central Bank clarifies measures against law-breeching financial organizations
BAKU, Azerbaijan, August 3. The Central Bank of Azerbaijan (CBA) takes measures against financial organizations violating the country's legislation, Trend reports. Thus, the CBA has banned the operations of a Russian bank, operator, and settlement center of the Unistream payment system on the territory of Azerbaijan.
Azerbaijan is amiable global investment partner - Russian economist (Exclusive interview)
BAKU, Azerbaijan, August 3. Azerbaijan is an attractive partner for investment and cooperation in the world arena, Russian economist, analyst, public figure and publicist Mikhail Khazin told Trend. He claims that involvement in local associations, into which the global dollar system is disintegrating, has created special prospects for investment in Azerbaijan's economy.
Azerbaijani oil prices recede
BAKU, Azerbaijan, August 3. The price of Azeri LT CIF Augusta brand totaled $87.33 per barrel on August 2, decreasing by $1.43 compared to the previous price, Trend reports, referring to the source from the country's oil and gas market. Azeri LT FOB Ceyhan brand currently costs $86.36 per barrel, which is $1.42 less than the previous price. Additionally, Azerbaijan sells its URALS oil through the Baku-Novorossiysk pipeline from the Russian Black Sea port of Novorossiysk.
Almaty-Tbilisi flight plane makes unscheduled landing at Baku airport
BAKU, Azerbaijan, August 1. The pilot of an Air Astana Airbus A321 aircraft, operating a flight on the Almaty-Tbilisi route, requested a landing at Heydar Aliyev International Airport in response to a hurricane at its original destination, Trend reports with reference to the press service of the Heydar Aliyev International Airport. The Airbus A321 aircraft landed safely at Baku airport at 21:22 local time.
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