In January-July 2019, the nominal income of the Azerbaijani population increased by almost 6.6 percent compared to the same period of 2018 and reached 32.2 billion manats, Trendreports on Aug. 20 referring to Azerbaijani State Statistics Committee.

Azerbaijan's access to the Caspian Sea and location adjacent to Central Asia determine its strategic position, and on this basis, Mexico sees Azerbaijan as an important partner in the region.

Given the increasingly growing role of women in the socio-economic life of the country, development of women's entrepreneurship is one of the priority directions in the development of the business sector in Azerbaijan.

The recent programs of the United Nations Development Program (UNDP) are primarily focused on improvement of education in Azerbaijan.

Cooperation between Azerbaijan and the French company Suez makes a significant contribution to further improvement of water infrastructure in the country.

The mining sector is one of the leading sectors in the economy of Azerbaijan. Mining of precious metals, such as gold and silver, successfully expands in its volumes.

In January-July 2019, the state budget revenues of Azerbaijan amounted to 12,435.5 million manats, while expenses reached 13,102.7 million manats, Trend reports referring to the country's State Statistical Committee.

Despite the already broad cooperation in various fields between Azerbaijan and Georgia, potential of these fruitful relations is far from being exhausted. Joint big scale projects, close ties in economic sphere lead to the rising volumes of trade and diversification of the list of traded products.

Trend News Agency interviewed head of the Azerbaijani representative office of Kaspersky Lab in Azerbaijan Mushvig Mammadov.

Road fences which have become unusable due to traffic accidents are being repaired in order to ensure the safe movement of cars on the 10-33 kilometer of the Baku – Guba – state border with Russia highway, Azerbaijan's State Motor Road Agency told Trend.

Azerbaijan’s Finance for Development non-bank credit organization (NBCO) ended 2018 with a profit of 1.494 million manats, while 2017 was completed with a loss of 269,500 manats, Trend reports referring to the organization’s audit report.

Since August 19, Azerbaijan’s Agency for the Development of Small and Medium-sized Enterprises (SMEs) has begun accepting applications from SMEs for the provision of state support in the study of the domestic market, the agency told Trend.

Increasing the country's export potential, particularly in the non-oil sector, is one of the main tasks in the development of the national economy.

Bakotech international group of companies has announced the opening of its representative office in Baku.

In July 2019, the State Customs Committee (SCC) of Azerbaijan transferred 413.394 million manats to the state budget, which is 28 percent more compared to July 2018, Trend reports referring to SCC.

The economy of Azerbaijan has been showing a steady growth in recent years and continues to remain the largest economy in the South Caucasus region.

The cooperation between the railways of Azerbaijan and Iran within the International North-South Transport Corridor project, as well as the increasing transit revenues of the two countries create favorable conditions for the further development of the non-oil sector in both countries.

The weekly turnover at Baku Stock Exchange (BSE) on Aug. 12-16 amounted to 561.1 million manats, Trend reports on Aug. 19 referring to BSE.

The Black Sea Trade and Development Bank (BSTDB) issued the first tranche of Azerbaijani manat bonds on August 1, which was directed to the development of entrepreneurship in the country.

The Agency for Development of Small and Medium-sized Enterprises (SMEs) continues its support to population in implementing their entrepreneurial activities.

Last week, the price of one ounce of gold increased by 41.03 manats or 1.6 percent in Azerbaijan, Trend reports.

Official exchange rate of the Azerbaijani manat against the US dollar set by the Central Bank of Azerbaijan (CBA) remained unchanged last week, Trend reports.

Azerbaijan’s AzAgro company, engaged in the cultivation of flowers, intends to purchase new types of plants, Marketing Manager of the company Murad Mirzayev told Trend.

Successful implementation of reforms and attracting of investments favorably affects the economic situation of Azerbaijan. The volume of industrial production in the country amounted to 27.3 billion manats ($16.05 billion) in January-July 2019, which is 2.2 percent more than in the same period in 2018.

Wärtsilä Oyj Abp, Finnish corporation which manufactures and services power sources and other equipment in the marine and energy markets, is looking for new ways to support Azerbaijan in stabilizing the grid, the company told Trend.