Business Alliance on Commerce Industry and Trade - BACIT

18/02/2024

https://www.azernews.az/analysis/221810.html

According to Nick Nwolisa: "Not all countries have recovered from the economic downturn created by mitigating the effects of COVID-19. For most countries, both the fiscal side of the economy and even monetary agencies are still working on ways to control the deflationary effect of COVID-19. So, any sudden shock through the emergence of new variants will definitely drastically affect the global economy."

International experts discuss possible solutions against COVID-19 variants with Azernews.

04/02/2016

Azerbaijan that has already facilitated opportunities to open business by introducing new privileges for both foreign and local entrepreneurs, is making moves to facilitate custom procedures as well.

Azerbaijan that has recently noted its aim to start import phase out by boosting its non-oil sector, now needs to develop import more than ever, so to expand its industrial potential.

06/11/2015

The pomegranate has been considered the king of fruits from the earliest centuries in Azerbaijani culture. A symbol of profusion, the pomegranate has been cultivated in different regions across the country. Goychay, which has developed some 70 variations of this delicious fruit, has long been considered its homeland.

This year, the Goychay region will celebrate the 10th anniversary of one of the country's most loved festivals, the Pomegranate Festival.

13/10/2015

President of Azerbaijan Ilham Aliyev who spoke at the session of the Cabinet of Ministers on results of socio-economic development in nine months of 2015 and upcoming tasks: "Other people must also be given an opportunity for competition. If there is no competition, there is no development and high-quality production. Let everyone produce."

09/10/2015

The products of construction industry in Azerbaijan include cement, iron-concrete products and panels, cubic stones, brick, glass, slate, asbestos-cement pipe, heat-insulating polymer construction materials, linoleum, plumbing and chemical window and door products.

Azerbaijan plans to double production of building materials in the next five years, according to a draft concept of socio-economic development for 2016-2019, which is currently under review in the Parliament under the budget package.

09/10/2015

Imagine a simple triangle diagram of the planet’s population. A fortunate couple of billion upper-income people—in the United States and Canada, much of Europe, Japan, Australia, and prospering urban centers in parts of Asia and Latin America—occupy the apex. The invisible hand of market capitalism supplies this prominent minority with bountiful goods and services. But that leaves a lot of people out. At the very bottom of the pyramid, a billion or more humans live in poverty (on less than $1.25 per person per day), often depending on government programs and charitable aid to subsist.

Even with ample tomato supplies, Nigeria annually buys $360 million of paste.

28/09/2015

“We try to make Azerbaijan provide its own demand for food by 100 percent. There is every opportunity to achieve this – land, equipment, and funds allocated by the state," he stressed. "Let farmers efficiently use these opportunities, rapidly develop agriculture.” President Ilham Aliyev.

The total volume of production of agricultural goods has increased by 3.4 times in Azerbaijan over the past ten years

Azerbaijani President Ilham Aliyev was honored at the 2015 South-South Awards in New York on September 26.

26/09/2015

Azerbaijan will be able to increase the production of grain legume crops, including buckwheat because of the appropriate arable land.

-Ministry of Agriculture.

Non-profit foundation providing reliable, scientifically accurate, personalized information for convenient and enjoyable healthy eating.

23/09/2015

... In the reported period, the non-oil sector of the country's economy grew by 7.3 percent compared to the same period of 2014, and its share of the GDP was 68.4 percent, some 10.7 percentage points higher than the index for the same period of last year.

The GDP of Azerbaijan amounted to 36.03 billion manats ($34.4 billion) in January-August 2015, which exceeds the figure for the same period of last year by 4.2 percent.

23/09/2015

2015 was declared the Year of Agriculture in Azerbaijan....

The government is also paying special attention to diversification, which has resulted in a 10 to 15 percent rate of growth in Azerbaijan’s non-oil sector over the last two to three years. Relevant programs were adopted at the state level focusing on the development of the agriculture, industry, and IT sectors.

The Asian Development Bank has kept its forecast for economic growth in Azerbaijan at a level of three percent in 2015, according to ADB's updated "Asian Development Outlook" report, the previous version being published in March 2015.

29/05/2015

BACIT first participation in an exhibition -9th Azerbaijan International Agriculture Exhibition.

13/05/2015

From the 21st-23rd of May, the 9th Azerbaijan International Agriculture Exhibition, Caspian Agro 2015

Caspian Agro 2015 - Azerbaijan International Agriculture Exhibition