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Articles by Zeyni Jafarov
Azerbaijani oil prices dip
Oil&Gas 21 September 2021 11:55 (UTC+04:00) BAKU, Azerbaijan, Sept. 21 By Zeyni Jafarov - Trend: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, fell by 58 cents on Sept.20 compared to the previous price, reaching $76.15 per barrel, Trend reports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan on September 20 totaled $75.5 per barrel, decreasing by 58 cents as compared to the previous price.
CAERC talks World Bank's suspension of "Doing Business" report
BAKU, Azerbaijan, Sept. 17 By Zeyni Jafarov - Trend: The World Bank (IBRD) has decided to completely stop publishing Doing Business reports. A press release published on August 27, 2020, stated that the publication of the report was postponed due to the falsification of results, Ayaz Museibov, the head of the department of the Center for Analysis of Economic Reforms and Communications of Azerbaijan (CAERC), told Trend.
Azerbaijan's strategic foreign exchange reserves increase
Finance 17 September 2021 21:00 (UTC+04:00) BAKU, Azerbaijan, Sept. 17 By Zeyni Jafarov - Trend: The volume of Azerbaijan's strategic foreign exchange reserves exceeded $53 billion from January through August 2021, Trend reports via the Central Bank of Azerbaijan. The growth is noticed at the level of 2.8 percent, or $2.4 billion, up to $53.2 billion. During the reporting period, the Central Bank's reserves increased by 10.6 percent – up to $7 billion.
Central Bank of Azerbaijan increases discount rate (UPDATE)
Finance 17 September 2021 18:41 (UTC+04:00) Title Changed: Details added, the first version posted 17:55 BAKU, Azerbaijan, Sept.17 By Zeyni Jafarov - Trend: The Board of the Central Bank of Azerbaijan (CBA) made a decision to increase the discount rate from 6.25 percent to 6.5 percent, Trend reports on Sept.17 referring to the CBA. The upper limit of the interest rate corridor has also been increased by 0.25 percentage points – from 6.75 to 7 percent, and the lower limit - from 5.75 to 6 percent.
Board of Central Bank of Azerbaijan reveals decision on discount rate
Economy 17 September 2021 17:55 (UTC+04:00) BAKU, Azerbaijan, Sept.17 By Zeyni Jafarov - Trend: The Board of the Central Bank of Azerbaijan (CBA) made a decision to increase the discount rate from 6.25 percent to 6.5 percent, Trend reports on Sept.17 referring to the CBA.
UK's business software developer opens representative office in Azerbaijan
Business 15 September 2021 18:21 (UTC+04:00) BAKU, Azerbaijan, Sept.15 By Zeyni Jafarov - Trend: The UK Mobipayment LTD company, which develops software for business, has opened a representative office in Azerbaijan, Trend reports with reference to the State Tax Service under the Azerbaijani Ministry of Economy. The representative office was registered on June 2, 2021. The official representative of Mobipayment LTD is Andrey Zinoviev.
Azerbaijan, Kazakhstan discuss potential for expanding trade co-op
BAKU, Azerbaijan, Sept. 9 By Zeyni Jafarov - Trend: The foreign trade turnover between Azerbaijan and Kazakhstan from January through July 2021 amounted to $62 million, and there is a great potential for increasing export-import operations in all areas of trade cooperation, Trend reports, referring to the statement of Parviz Shahbazov, the Minister of Energy.
Central Bank of Azerbaijan talks auctioned short-term notes
Finance 8 September 2021 15:38 (UTC+04:00) BAKU, Azerbaijan, Sept.8 By Zeyni Jafarov - Trend: The Baku Stock Exchange (BSE) held a new auction for short-term notes of the Central Bank of Azerbaijan (CBA), Trend reports citing the BSE. According to the BSE, during the auction, the CBA put up short-term notes worth 100 million manat ($58.8 million) with a circulation period of 28 days. Some 21 investors filed 27 orders in the price range up to 99.55 manat or $58.55 (5.76 percent).
Azerbaijan's finance ministry auctions government bonds
Finance 8 September 2021 14:43 (UTC+04:00) BAKU, Azerbaijan, Sept. 8 By Zeyni Jafarov - Trend: An auction for the placement of state medium-term bonds of the Ministry of Finance of Azerbaijan in the amount of 10 million manat ($5.8 million) with a circulation period of 1,820 days was held on the Baku Stock Exchange (BSE), Trend reports, referring to the Exchange.
Azerbaijan eases procedures of using financial support mechanisms for entrepreneurs
BAKU, Azerbaijan, Sept. 2 By Zeyni Jafarov - Trend: Procedures for obtaining soft loans and using other mechanisms of financial support have been simplified based on the analysis of proposals and applications received from business entities by the Entrepreneurship Development Fund under the Ministry of Economy of Azerbaijan, Trend reports on Sept.2 citing the ministry.
Azerbaijan records decline in foreign currency demand of local banks
BAKU, Azerbaijan, Sept.2 By Zeyni Jafarov - Trend: The Central Bank of Azerbaijan (CBA) held a new foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on September 2, 2021, Trend reports referring to the CBA. According to the CBA, the demand from Azerbaijani banks at the auction decreased by 8.8 percent compared to the previous auction and was fully met. During the auction, the CBA sold $69.6 million to the local banks.
Volume of foreign currency sold by Azerbaijani State Oil Fund up in August 2021
BAKU, Azerbaijan, Sept. 2 By Zeyni Jafarov - Trend: The volume of foreign currency sold by the State Oil Fund of Azerbaijan (SOFAZ) at auctions in August 2021 grew, Trend reports on Sept.1 referring to SOFAZ. According to the fund, this indicator amounted to $512.3 million, which is 7.2 percent more than in August of last year. The currency sales are carried out within the framework of SOFAZ transfers to the state budget of Azerbaijan.
Azerbaijani banks' demand for foreign currency up
BAKU, Azerbaijan, August 31 By Zeyni Jafarov - Trend: The Central Bank of Azerbaijan (CBA) held a new foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on August 31, 2021, Trend reports referring to the CBA. According to the CBA, the demand from Azerbaijani banks at the auction increased by three percent compared to the previous indicator and was fully met. During the auction, the CBA sold $76.3 million to the local banks.
Mortgage and Credit Guarantee Fund talks on mortgage loans issued in Azerbaijan since 2006 (INTERVIEW)
BAKU, Azerbaijan, Aug. 31 By Zeyni Jafarov – Trend: The total volume of mortgage loans issued through the Mortgage and Credit Guarantee Fund of Azerbaijan has amounted to 1.9 billion manat ($1.11 billion) since 2006, Spokesperson for the fund Yegana Ramazanova said, Trend reports. The number of families who improved their living conditions with the help of these loans reached 34,770, the spokesperson added.
Azerbaijani Finance Ministry to auction mid-term government bonds
BAKU, Azerbaijan, Aug. 30 By Zeyni Jafarov – Trend: The Baku Stock Exchange (BSE) will host an auction on the placement of state medium-term bonds of the Azerbaijani Finance Ministry for a total of 10 million manat ($5.88 million) on August 31, 2021, Trend reports referring to the BSE. Bonds with a par value of 100 manat ($58.8), a circulation term of 1,092 days, and a yield to maturity (YTM) of 6.5 percent will be offered at the auction.
OSAGO insurance collections in Azerbaijani market increase
BAKU, Azerbaijan, Aug. 29 By Zeyni Jafarov – Trend: Collections on the segment of Compulsory Insurance of Civil and Legal Liability of Vehicle Owners (OSAGO) in Azerbaijan has grown in the first half of 2021, Trend reports referring to the Central Bank of Azerbaijan (CBA).
Entrepreneurship - essential for Azerbaijan's economic prosperity, bp vice president says
Economy 26 August 2021 10:29 (UTC+04:00) BAKU, Azerbaijan, Aug. 26 By Zeyni Jafarov - Trend: Entrepreneurial activity is extremely important for the economic prosperity of Azerbaijan, bp’s Vice President for Communications and External Relations in the Caspian and Middle East Bakhtiyar Aslanbayli said at the ceremony of the Enactus Azerbaycan national competition, Trend reports.
Azerbaijan reveals total volume of investments in local agricultural parks
BAKU, Azerbaijan, Aug. 25 By Zeyni Jafarov - Trend: Current private investments in agricultural parks of Azerbaijan make up 1.2 billion manat, Trend reports citing the Ministry of Economy. The Entrepreneurship Development Fund of Azerbaijan issued concessional loans worth 173 million manat ($86.4 million) for the creation of 23 agricultural parks, and investment incentive documents worth up to 1 billion manat ($588 million) were issued to 27 agricultural parks, the ministry said.
Azerbaijan's Fund auctions off third tranche of mortgage bonds in 2021
Finance 20 August 2021 17:10 (UTC+04:00) BAKU, Azerbaijan, Aug.20 By Zeyni Jafarov - Trend: An auction on placing the third tranche of mortgage bonds of the Azerbaijan Mortgage and Credit Guarantee Fund was held at the Baku Stock Exchange (BSE), Trend reports with reference to the fund. According to the fund, the bonds amounted to 55 million manat ($32.3 million) with a circulation period of 9,360 days.
Resident of Azerbaijani Sumgayit Chemical Industrial Park expands geography of export
BAKU, Azerbaijan, Aug. 18 By Zeyni Jafarov - Trend: The resident of Sumgayit Chemical Industrial Park - Azerfloat CJSC is expanding the geography of export of its products, Trend reports with reference to the Ministry of Economy of Azerbaijan. According to the ministry, for the first time, the company began to export flat glass to Israel and Spain. As the ministry said, Azerfloat has already exported its products to Turkey, Russia, Poland, Georgia, Uzbekistan, Kazakhstan and Ukraine.
Liabilities of Azerbaijani banks continue year-on-year growth
BAKU, Azerbaijan, Aug.15 By Zeyni Jafarov - Trend: The total liabilities of the banking sector in Azerbaijan have grown in the first half of 2021, Trend reports with reference to the statistics report of the Central Bank of Azerbaijan (CBA). In accordance with the report, this indicator reached 28.22 billion manat ($16.6 billion), up by 8.8 percent year on year.
Amount of transactions in Azerbaijan's interbank settlement system increases
Finance 15 August 2021 08:00 (UTC+04:00) BAKU, Azerbaijan, Aug. 15 By Zeyni Jafarov - Trend: The amount of transactions in the interbank national settlements system in Azerbaijan amounted to 15.5 billion manat ($9.1 billion) as of early July 2021, which is by 1.7 percent more than in the same period of last year, Trend reports with reference to the statistics report of the Central Bank of Azerbaijan (CBA). In general, 93,000 payment transactions were carried out through this system.
Azerbaijani Finance Ministry to auction gov't bonds
(MENAFN - Trend News Agency ) BAKU, Azerbaijan, Aug.14 By Zeyni Jafarov – Trend: Baku Stock Exchange (BSE) will hold an auction on the placement of state interest-bearing medium-term bonds of Azerbaijan's Ministry of Finance worth 10 million manat ($5.8 million) on August 17, 2021, Trend reports referring to the BSE. According to the BSE, bonds with a face value of 100 manat ($58.8), a circulation period of 1,092 days and a yield of 6.5 percent will be offered.
Azerbaijan publishes weekly precious metal prices
Finance 14 August 2021 11:37 (UTC+04:00) BAKU, Azerbaijan, Aug. 14 By Zeyni Jafarov - Trend: An ounce of gold in Azerbaijan decreased by 26.61 manat (0.9 percent) during the outgoing week. The average price of one ounce of gold amounted to 2,964.24 manat, which is 3.6 percent less compared to the previous week. Change in price of one ounce of gold Aug. 2 3,078.777 Aug. 9 2,957.51 Aug. 3 3,079.68 Aug. 10 2,952.59 Aug. 4 3,081.22 Aug. 11 2,947.89 Aug. 5 3,078.92 Aug. 12 2,979.09 Aug. 6 3,058.67 Aug.
Azerbaijani oil prices fall
Finance 14 August 2021 10:47 (UTC+04:00) BAKU, Azerbaijan, Aug. 14 By Zeyni Jafarov - Trend: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by 6 cents on August 13 compared to the previous price, amounting to $71.02 per barrel, Trendreports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $70.37 per barrel on August 13, rising by 5 cents compared to the previous price.
Credit insurance market volume grows in Azerbaijan
Finance 14 August 2021 10:17 (UTC+04:00) BAKU, Azerbaijan, Aug. 14 By Zeyni Jafarov - Trend: The volume of fees on credit insurance in Azerbaijan increased by more than seven times on an annualized basis as of early July 2021, Trend reports with reference to the reporting data of the Central Bank of Azerbaijan (CBA).
Central Bank talks formation of positive trend in digital banking dev't in Azerbaijan
Finance 14 August 2021 08:00 (UTC+04:00) BAKU, Azerbaijan, Aug.14 By Zeyni Jafarov - Trend: A positive trend has formed in Azerbaijan in terms of digital banking development, the Central Bank (CBA) told Trend. According to the CBA, as of July 1 of this year, 24 out of 26 banks operating in the country have been providing Internet banking services, and 22 - mobile banking services.
Foreign currency demand of Azerbaijani banks grows
Finance 12 August 2021 14:18 (UTC+04:00) BAKU, Azerbaijan, Aug. 12 By Zeyni Jafarov - Trend: The Central Bank of Azerbaijan (CBA) held a new foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on August 12, 2021, Trend reports referring to the CBA. According to the CBA, the demand from Azerbaijani banks at the auction increased by 10.1 percent compared to the previous indicator and was fully met.
Azerbaijan shares data on oil prices
Finance 12 August 2021 11:05 (UTC+04:00) BAKU, Azerbaijan, Aug.12 By Zeyni Jafarov - Trend: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, fell by 80 cents on August 11 compared to the previous price, settling at $70.17 per barrel, Trend reports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $69.53 per barrel on August 11, also down by 81 cents compared to the previous price.
Azerbaijani oil prices fall
Finance 10 August 2021 11:02 (UTC+04:00) BAKU, Azerbaijan, Aug. 10 By Zeyni Jafarov - Trend: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, decreased by$1.96 on August 9 compared to the previous price, settling at $68.96 per barrel, Trend reports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $68.33 per barrel on August 9, which is $1.96 less compared to the previous price.
Volume of securities transactions at Azerbaijan's Baku Stock Exchange soars
Aug. 5—The total volume of securities transactions at Azerbaijan's Baku Stock Exchange (BSE) during seven months of 2021 increased by 57 percent on an annual basis, Trend reports with reference to BSE's report. In accordance with the data, the volume of securities transactions for the reporting period amounted to 9.5 billion manat ($5.6 billion).
Azerbaijan's Pasha Insurance switches to new model, helping to optimize insurance process
Finance 3 August 2021 23:59 (UTC+04:00) BAKU, Azerbaijan, Aug. 3 By Zeyni Jafarov – Trend: The transition of Azerbaijan’s Pasha Insurance OJSC to the Agile model is mainly helping to improve the efficiency and optimize the insurance process, Head of Agile Transformation Department of Pasha Insurance Nurana Teymurova told Trend.
Prices for Azerbaijani oil grow higher
Oil&Gas 30 July 2021 11:01 (UTC+04:00) BAKU, Azerbaijan, July 30 By Zeyni Jafarov - Trend: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 93 cents on July 29 compared to the previous price, settling at $75.36 per barrel, Trend reports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $74.71 per barrel on July 29, up by 92 cents compared to the previous price.
Azerbaijani-Russian economic ties withstood test of COVID-19 pandemic in 2020 - Russian ambassador (Interview)
BAKU, Azerbaijan, July 26 By Zeyni Jafarov - Trend: Azerbaijan and Russia ended 2020 in terms of economy with a slight drop in indicators, which was natural during a year of very active development of COVID-19 pandemic, Extraordinary and Plenipotentiary Ambassador of the Russian Federation to Azerbaijan Mikhail Bocharnikov told Trend. “Bilateral economic relations have passed this test, remaining in very good condition,” the ambassador added.
There is huge potential between Azerbaijan and Croatia for expanding cooperation - Ex-president of Croatia
Politics 19 July 2021 08:10 (UTC+04:00) BAKU, Azerbaijan, July 19 By Zeyni Jafarov - Trend: There is a huge potential between Azerbaijan and Croatia for expanding cooperation in all spheres, Ex-President of Croatia, member of the Nizami Ganjavi International Center Stjepan Mesic told Trend. "Azerbaijan and Croatia have the political will and it is demonstrated at the level of the presidents of the two countries," Mesic added.
Joint project with Trend News Agency - grandiose event in history of Azerbaijani journalism - Russia's TASS
BAKU, Azerbaijan, July 17 By Zeyni Jafarov - Trend: Russia’s TASS news agency is developing close and very good ties with Azerbaijan, First Deputy Director General of TASS Mikhail Kalmykov said at the presentation of the joint project by Azerbaijan’s Trend news agency and Russia’s TASS news agency - the Eastweststream.com media platform, Trend reports on July 17. “The Caspian region through this new project will receive a powerful information tool,” Kalmykov said.
Azerbaijani websites read not only within country, but also abroad - TASS First deputy director (VIDEO)
BAKU, Azerbaijan, July 17 By Zeyni Jafarov - Trend: Journalism in USSR republics was at high level, including in Azerbaijan, First Deputy Director General of TASS Mikhail Gusman stated, Trend reports. Gusman made the remark during the presentation of the Eastweststream.com media platform, the joint project of Trend News Agency and TASS. According to him, journalism in Azerbaijan has always educated the public both in their native, Azerbaijani, and in Russian language.
Azerbaijani currency rates for July 16
Finance 16 July 2021 13:14 (UTC+04:00) BAKU, Azerbaijan, July 16 By Zeyni Jafarov - Trend: The official exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 manat and 2.008 manat respectively for July 16. Below are the rates of Azerbaijani manat against world currencies according to the data from the Central Bank of Azerbaijan.
Prices for gold, silver in Azerbaijan continue to grow
BAKU, Azerbaijan, July 16 By Zeyni Jafarov - Trend: Prices for precious metals, excluding palladium, grew in Azerbaijan on July 16 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA). The price of gold increased by 2.0825 manat or $1.225 (0.07 percent) and made up 3,105.8235 manat or $1,826.955 per ounce. The price of silver rose by 0.1339 manat or 0.07 cents (0.3 percent) and amounted to 44.6238 manat ($26.24).
Foreign currency demand of Azerbaijani banks decreases
Finance 15 July 2021 21:46 (UTC+04:00) BAKU, Azerbaijan, July 15 By Zeyni Jafarov - Trend: The Central Bank of Azerbaijan (CBA) held a new foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on July 15, 2021, Trend reports referring to a source in the CBA. According to the source, the demand from Azerbaijani banks at the auction decreased by 4.1 percent compared to the previous indicator and was fully met.
Prices for Azerbaijani oil continue to rise
BAKU, Azerbaijan, July 15 By Zeyni Jafarov - Trend: The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, increased by 16 cents on July 14 compared to the previous price, settling at $76.86 per barrel, Trend reports referring to the source from the country's oil and gas market. The price of Azeri LT FOB Ceyhan amounted to $76.21 per barrel on July 14, rising by 17 cents compared to the previous price.
Azerbaijani currency rates for July 15
Finance 15 July 2021 10:42 (UTC+04:00) BAKU, Azerbaijan, July 15 By Zeyni Jafarov - Trend: The official exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 manat and 2.0117 manat respectively for July 15. Below are the rates of Azerbaijani manat against world currencies according to the data from the Central Bank of Azerbaijan.
Azerbaijani Finance Ministry puts up mid-term state bonds for new auction
Finance 14 July 2021 18:21 (UTC+04:00) BAKU, Azerbaijan, July 14 By Zeyni Jafarov - Trend: The Baku Stock Exchange (BSE) held an auction on the placement of medium-term state bonds of the Azerbaijani Ministry of Finance, Trend reports on July 14 referring to a source in the BSE. The amount of the bonds was 40 million manat ($23.5 million) and the term of maturity – 1,092 days.
Baku Stock Exchange puts short-term notes of Central Bank of Azerbaijan up for auction
BAKU, Azerbaijan, July 14 By Zeyni Jafarov - Trend: The Baku Stock Exchange (BSE) held a new auction for short-term notes of the Central Bank of Azerbaijan (CBA), Trend reports referring to a source in the BSE. During the auction, the CBA put up short-term notes worth 100 million manat ($58.8 million) with a circulation period of 28 days. Some 17 investors filed 24 orders in the price range from 99.52 manat or $58.56 (6.24 percent) to 99.55 manat or $58.55 (5.76 percent).
Gold price in Azerbaijan rising
BAKU, Azerbaijan, July 14 By Zeyni Jafarov - Trend: Prices on precious metals, excluding gold, decreased in Azerbaijan on July 14 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA). The price of gold increased by 6.2815 manat or $3.69 (0.2 percent) and made up 3,083.341 manat or $1,813.73 per ounce. The price of silver decreased by 0.2893 manat or 17 cents (0.65 percent) and amounted to 44.3345 manat ($26.07).
Azerbaijani currency rates for July 14
Azerbaijani currency rates for July 14 Date 7/14/2021 6:04:25 AM (MENAFN - Trend News Agency ) BAKU, Azerbaijan, July 14 By Zeyni Jafarov - Trend: The official exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 manat and 2.0029 manat respectively for July 14. Below are the rates of Azerbaijani manat against world currencies according to the data from the Central Bank of Azerbaijan.
Prices for precious metals in Azerbaijan growing
BAKU, Azerbaijan, July 13 By Zeyni Jafarov - Trend: Prices on precious metals grew in Azerbaijan on July 13 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA). The price of gold increased by 11.5515 manat or $6.79 (0.38 percent) and made up 3,077.0595 manat or $1,810.03 per ounce. The price of silver rose by 0.3411 manat or 20 cents (0.77 percent) and amounted to 44.6238 manat ($26.25).
Foreign currency demand of Azerbaijani banks increase
BAKU, Azerbaijan, July 13 By Zeyni Jafarov - Trend: The Central Bank of Azerbaijan (CBA) held a new foreign exchange auction with the participation of the State Oil Fund of Azerbaijan (SOFAZ) on July 13, 2021, Trend reports referring to a source in the CBA. According to the source, the demand from Azerbaijani banks at the auction increased by 17.9 percent compared to the previous indicator and was fully met. During the auction, the CBA sold $53.4 million to the local banks.
Weekly review of Azerbaijani oil market
BAKU, Azerbaijan, July 12 By Zeyni Jafarov – Trend: The average price for Azeri Light CIF oil, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, made up $75.99 per barrel last week, having declined by 44 cents (0.6 percent) compared to the previous price, Trend reports. Last week, the maximum price for Azeri Light CIF oil amounted to $78.35 per barrel, while the minimum - $74.14.
Growth of production in Azerbaijani industrial zones in 1H2021 disclosed
BAKU, Azerbaijan, July 12 By Zeyni Jafarov - Trend: During the first half of 2021, companies operating at these zones produced products valued at 824 million manats ($484 million), 38 percent more than in the same period last year, and exported products worth 268 million manats ($157 million), Trend reports referring to Azerbaijani Economy Minister Mikayil Jabbarov’s message on Twitter.
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