The introduction of foreign payment systems, such as PayPal in Azerbaijan’s e-commerce, requires versatile cooperation, the Program Manager of the SUP.VC center Tariyel Aghazade told Trend .

Azerbaijan intends to further develop alternative energy sphere gradually by increasing the share of renewables in electricity generation, Azerbaijani MP, Doctor of Economics, Professor Rufat Guliyev told Day.az, Trend reports.

The Black Sea Trade and Development Bank (BSTDB) has signed a 30 million euro facility agreement with the Development Bank of Austria (OeEB) aimed to finance private sector projects and investment programs in the industry, agriculture and service sectors, as well as to provide working capital and export financing in Albania, Armenia, Azerbaijan, Georgia, Moldova and Ukraine, Trend reports referring to BSTDB on May 25.

One of the main tasks and functions of the Azerbaijani Compulsory Insurance Bureau is to ensure stability in the compulsory insurance market, Executive Director of the Compulsory Insurance Bureau Rashad Ahmadov said in an interview with Trend.

Individual buyers and sellers aren't the only ones in the e-commerce market of Azerbaijan, it also includes state agencies and banks, Tariyel Agazade, program manager of Azerbaijan’s SUP.VC center, expert, told Trend.

Azerbaijan has substantial buffers to mitigate COVID-19 impact on economy, the Black Sea Trade and Development (BSTDB), BSTDB President Dmitry Pankin told Trend.

With the right support, including public and private investment and the transfer of know-how, Georgian and Azerbaijani tea industries could see a revival, tea expert John Snell said, Trend reports referring to the Food and Agriculture Organization (FAO) of the United Nations.

Taking into account the previous mistakes, some Azerbaijani startuppers annually create new projects to enter the international markets over the past five years, Director of Azerbaijan’s INNOLAND Incubation and Acceleration Center Mammad Karim said, Trend reports referring to the online event "Investment opportunities of the Azerbaijani startup ecosystem".

The Asian Development Bank (ADB) has announced the planned amount of funds for allocation within the business plan on the Country Partnership Strategy for 2020-2023, ADB told Trend.

Compensation for secured deposits in AGBank OJSC and NBC Bank OJSC will be paid in cashless form, Trend reports referring to the Azerbaijan Deposit Insurance Fund (ADIF).

An online presentation on completion of the pre-acceleration program implemented by the Barama Innovation and Entrepreneurship Center was held on May 20, the Innovation Agency of Azerbaijan told Trend.

Azerbaijan’s President Ilham Aliyev has signed the Decree “on the establishment and organization of the Alat free economic zone”, the president’s website reported on May 22.

Bank Respublika has signed an agreement with the International Finance Corporation to improve access to loan products for entrepreneurs working in the agricultural sector and further accelerate the lending process, press-service of the bank reports on May 21.

The Asian Development Bank (ADB) country operations business plan for 2020–2022 is consistent with Azerbaijan's partnership strategy (CPS) for 2019–2023, press- service of the bank has reported.

Executive Director of the Center for Analysis of Economic Reforms and Communication of Azerbaijan (CAERC) Vusal Gasimli will represent Azerbaijan at Sixth Meeting of the Interim Intergovernmental Steering Group on Cross-Border Paperless Trade Facilitation, which will be held in Bangkok on September 28-29, Trend reports citing CAERC.

Farm cards have began to be handed out to Azerbaijan’s farmers who announced spring plantings and applied for a subsidy, the Azerbaijani Ministry of Agriculture has reported.

The price of gold decreased in Azerbaijan on May 22 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

Azerbaijan is in top three sugar importing countries from Russia, accounting 143.600 tons of Russia’s imports, Agroanalytic Center under the Ministry of Agriculture of Russia has reported.

Azerbaijan’s AzerGold company has stated that its production operations were not disrupted by the COVID-19 crisis recently and that it has exported 6,769.37 ounces of gold and 15,758.29 ounces of silver worth a total of $12.2 million (AZN 20.7M), the company’s press- service reported on May 21.

So far, COVID-19 has had very little effect on food safety, and Food and Agriculture Organization (FAO) is very focused on nudging all member states including Azerbaijan to take actions that will prevent a global food crisis, FAO Chief Economist Maximo Torero said in an interview with Trend.

Azerbaijan topped the list of Georgia’s trading partners by exports in the first quarter of 2020, accounting $145.2 million from the total export, Georgia’s National Statistics Office has reported.

The price of gold decreased in Azerbaijan on May 21 compared to the previous price, Trend reports referring to the data published by the Central Bank of Azerbaijan (CBA).

The subsidiary of the Azerbaijan Railways CJSC, ADY Express LLC, jointly with partners from Georgia and Kazakhstan, has started to transport aluminum by transit from Kazakhstan’s Pavlodar city to the Georgian port of Poti, Trend reports citing ADY Express.

The prices for renting apartments have surged in Baku, director general of Azerbaijan’s MBA Group consulting company, expert in the field of real estate Nusrat Ibrahimov, told Trend.

Ramadan Trade Fair "From Village to City" will be held in Baku on May 23-24.