Today.Az http://www.today.az Covering Azerbaijan inside and outside http://www.today.az/images/logo_small.gif Today.Az http://www.today.az More people look to become F1 marshals - Baku Marshals Club http://www.today.az/news/sports/179361.html Sports Tue, 19 Feb 2019 15:41:00 +0400 By  TrendThe successful holding of Formula 1 races in Azerbaijan noticeably increased the interest of local and foreign marshals, said Chingiz Mehdiyev, head of the Baku Marshals Club of the Baku City Circuit Operations Company, Trend reports.Motorsport marshals contribute to enjoyable, efficient, and safer motor racing. They are responsible for the safety of competitors and are stationed at various points of danger around race tracks to assist them in case of any collisions, accidents or track problems.Marshals are also known as course workers, corner workers, corner crews, turn marshals, corner marshals, track safety workers, or other equivalents around the world. Motorsport marshals can be either paid or volunteer workers depending on the organization they work for.Mehdiyev noted that more and more people are willing to become marshals every year."If last year there were 1,603 people wanting to become marshals, this year their number is 2,445. This is very pleasing, and we are proud of it,” he said.A meeting of marshals participating in the activities of the Baku City Circuit Operations Company was held on February 16. Various issues were discussed during the meeting, such as the results of the year, tasks completed in accordance with the trainings which were begun in early February for about 1,300 marshals, the changes that occurred in the regulations for the Formula 1 season for 2019, as well as the issues of improving the overall conduction of the Formula 1 Grand Prix of Azerbaijan.The event was attended by 100 leading marshals.In 2016 these trainings were conducted by foreign marshals, while they have been led by local marshals since 2017.The Formula 1 races will be held in Baku on April 26-28 this year. Iranian Parliament approves $5bn loan from Russia http://www.today.az/news/regions/179360.html World news Tue, 19 Feb 2019 15:36:00 +0400 By  TrendThe lawmakers in Iranian Parliament have given permission to the government to take a $5bn loan from Russia to allow ownership of capital assets, Trend reports via Mehr News Agency.The lawmakers in Iranian Parliament continued to discuss the next year (1398) budget bill in today's session and agreed with Part B of the Annex 3 of the bill which details the income sources. According to Part B, the implementation of Annex 38 of amendments of the Budget Law of the fiscal Iranian year of 1395 was extended. According to Annex 38, the government can apply for the $5bn loan from Russia in order to own capital assets.The loan will be used for owning capital assets in infrastructure and production fields in accordance with the Annex 1 of the budget law, which prioritizes new energy, nuclear, power, railways, highways, dams, irrigation networks and water transportation projects.The procedure to estimate loan account, determine the repayment term and the share of domestic construction and other loan conditions will be approved by the Cabinet after receiving the suggestions and advice of Ministry of Economic Affairs and Finance, the Central Bank of the Islamic Republic of Iran and the Planning and Budget Organization. Turkey to attract tourists from Turkmenistan http://www.today.az/news/regions/179358.html World news Tue, 19 Feb 2019 15:23:00 +0400 By  TrendThe representatives of the Turkmen tour operators reviewed Turkey’s tourist places and in particular, the ski resort in Kars province, Trend reports referring to the Turkish media.The corresponding event for the representatives of the Turkmen tour operators was organized by the Turkish Airlines and the Turkish tourism development agency SERKA.The purpose of the event is to attract tourists from Turkmenistan to Turkey.In 2018, 1.35 million tourists from Central Asian countries such as Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan visited Turkey.In 2018, 252,900 tourists arrived in Turkey from Turkmenistan, which is 9.54 percent more compared to 2017.Meanwhile, 0.64 percent accounted for the share of Turkmen citizens in the total number of foreigners who visited Turkey in 2018. Kazakhstan’s trade turnover with EEU up by 7.5% http://www.today.az/news/regions/179359.html World news Tue, 19 Feb 2019 15:15:00 +0400 By  TrendAccording to preliminary data, the mutual trade between Kazakhstan and the member states of the Eurasian Economic Union (EEU) in 2018 amounted to $19.11 billion, Trend reports via Kazakh media.This is 7.5 percent more than in 2017, according to the Statistics Committee of Kazakh National Economy Ministry.In particular, Kazakhstan's exports to the EEU countries in 2018 amounted to $5.89 billion, and imports totaled $13.22 billion.Thus, exports increased by 12 percent, and imports rose by 5.6 percent compared to 2017.In the total volume of Kazakhstan’s foreign trade turnover with the EEU countries in 2018, Russia accounted for 91.8 percent, Kyrgyzstan for 4.5 percent, Belarus for 3.6 percent, and Armenia for 0.1 percent.The Eurasian Economic Union is an international organization for regional economic integration. The EEU provides for free movement of goods, services, capital and labor.The Union aims to comprehensively upgrade, raise the competitiveness of and cooperation between the national economies, and to promote stable development in order to raise the living standards of the nations of its member states. Malaysian companies may create palm oil packaging production in Uzbekistan http://www.today.az/news/regions/179357.html World news Tue, 19 Feb 2019 14:52:00 +0400 By  TrendUzbek Ambassador to Malaysia Ravshan Usmanov met with Deputy Director of the Malaysian Palm Oil Council Faisal Iqbal to discuss issues of the state and prospects for the development of trade and economic cooperation on February 18, 2019, Trend reports via Uzbek media.The main objective of MPOC (Malaysian Palm Oil Council) is to attract and implement innovative technological solutions in the process of growing and producing palm oil, as well as providing support to exporters of these products in the search for new markets. The organization has offices in all states of Malaysia, as well as in the US, Belgium, Turkey, Russia, China, India, Pakistan, Bangladesh, Egypt and Ghana.As a result of negotiations, an agreement was reached on organizing the visit of the major palm oil producers of Malaysia to Uzbekistan, led by the leadership of MPOC, in March of this year.During the visit, the Malaysian side plans to explore the logistics possibilities for creating a hub for deep processing and packaging production of palm oil (in-bulk production) in Uzbekistan for further export of finished products to the states of Central Asia and the CIS. Azerbaijan's GDP grows by almost 1.3% http://www.today.az/news/business/179356.html Business Tue, 19 Feb 2019 14:38:00 +0400 By  TrendAzerbaijan’s GDP in January 2019 amounted to almost 5.9 billion manats, which is 2.9 percent more than in January 2018, Trend reports referring to the State Statistics Committee.GDP per capita was 601.1 manats.The volume of GDP produced in the non-oil sector of Azerbaijan increased by 2.7 percent over a year, while there was an increase of 3.2 percent in the oil and gas sector.In 2018, except for the construction sector, growth was observed in all spheres of the economy. Thus, the sphere of transport and storage grew by 10.6 percent, accommodation of tourists and catering - by 2.1 percent, information and communication services - by 5.6 percent, agriculture, forestry and fisheries - by 2.4 percent, trade and repair of vehicles - 2.7 percent, industry - by 3.9 percent, other areas - by 1.5 percent.Thus, 45.9 percent (2.7 billion manats) of Azerbaijan’s GDP accounted for industrial sphere, 5.6 percent (329.6 million manats) – for construction, 3 percent (177.1million manats) – for agriculture, forestry and fishery.Net taxes on production and import accounted for 7.8 percent (6.2 billion manats) of Azerbaijan’s GDP.According to the committee, 9.6 percent of the GDP (7.67 billion manats), produced in the service sector, accounted for trade and maintenance of vehicles, 6.3 percent (5.03 billion manats) – for transport and storage, 2.2 percent (1.79 billion manats) – for accommodation of tourists and catering, 1.6 percent (1.24 billion manats) – for information and communication services, 15 percent (12 billion manats) – for other services.(1 USD = 1.7 AZN on Feb. 18) Azerbaijan studying foreign experience in introducing tax amnesty http://www.today.az/news/business/179354.html Business Tue, 19 Feb 2019 14:21:00 +0400 By  TrendAzerbaijan's Ministry of Taxes is studying foreign experience in introducing tax amnesty, Minister of Taxes Mikayil Jabbarov said at the Taxes, Transparency & Development forum in Baku, Trend reports.Jabbarov noted that the ministry is studying not only the successful, but also the unsuccessful experience of other countries.The proposal to introduce a tax amnesty at the forum was made by the President of the American Chamber of Commerce in Azerbaijan (AMCHAM) Nuran Karimov.Karimov stated that this would make a significant contribution, in particular, to the issue of registering enterprises and disclosing assets. At the same time, he proposes to switch to international accounting standards, revise the rules for keeping records and digitalization of the process.In 2017, a tax amnesty was introduced in Azerbaijan, which provided for the cancellation of interest accrued for nonpayment of debt, and the cancellation of part of the financial sanctions. The amnesty has affected the debts of over 40,000 entrepreneurs worth over 600 million manats. Iran should change its way of attracting foreign investors http://www.today.az/news/regions/179355.html World news Tue, 19 Feb 2019 14:11:00 +0400 By  TrendIran should change its way of attracting foreign investors, governor of Iran’s north-eastern Razavi Khorasan province Alireza Razm Hosseini said.Old methods of attracting investors are ineffective because some international restrictions and sanctions have created economic pressure, Hosseini said, Trend reports referring to IRNA.He added that presently, the best way to attract foreign investors is to get acquainted and benefit from Iranians living abroad.Hosseini stressed that to attract foreign investors through social networks is the easiest method and Iran should take any step in this sphere.He said that the measures were taken for private investors to overcome the problems with unfinished economic projects. TAP project more than 85% complete http://www.today.az/news/business/179353.html Business Tue, 19 Feb 2019 13:51:00 +0400 By  TrendThe Trans Adriatic Pipeline (TAP) project, which envisages transportation of Azerbaijani gas to Europe, is 85.2 percent complete as of January 2019, Trend reports citing the website of TAP AG consortium.“TAP is currently moving further into the project construction phase. Every day hundreds of meters of TAP’s Right of Way (ROW) are cleared, strung, welded, lowered into the trenches and backfilled, in line with the project construction steps and schedule.At the end of January 2019, the TAP project was 85.2 percent completed,” said the consortium.TAP project, worth 4.5 billion euros, is one of the priority energy projects for the European Union (EU). The project envisages transportation of gas from Azerbaijan's Shah Deniz Stage 2 to the EU countries.Connecting with the Trans Anatolian Pipeline (TANAP) at the Greek-Turkish border, TAP will cross Northern Greece, Albania and the Adriatic Sea before coming ashore in Southern Italy to connect to the Italian natural gas network.The project is currently in its construction phase, which started in 2016.Once built, TAP will offer a direct and cost-effective transportation route opening up the vital Southern Gas Corridor, a 3,500-kilometer long gas value chain stretching from the Caspian Sea to Europe.TAP shareholders include BP (20 percent), SOCAR (20 percent), Snam S.p.A. (20 percent), Fluxys (19 percent), Enagás (16 percent) and Axpo (5 percent). BP: Three countries to lead global gas output by 2040 http://www.today.az/news/business/179352.html Business Tue, 19 Feb 2019 13:35:00 +0400 By  TrendThe demand for energy is set to increase significantly driven by increases in prosperity in the developing world, Trend reports citing BP Energy Outlook 2019.In all the scenarios considered, world GDP more than doubles by 2040 driven by increasing prosperity in fast-growing developing economies.In the Evolving transition (ET) scenario this improvement in living standards causes energy demand to increase by around a third over the Outlook, driven by India, China and Other Asia which together account for two-thirds of the increase.Despite this increase in energy demand, around two-thirds of the world’s population in 2040 still live in countries where average energy consumption per head is relatively low, highlighting the need for ‘more energy’.Natural gas grows strongly, supported by broad-based demand, plentiful low-cost supplies, and the increasing availability of gas globally, aided by the growing supplies of liquefied natural gas (LNG).In the ET scenario, natural gas grows at an average rate of 1.7 percent p.a. - increasing nearly 50 percent by 2040 - the only source of energy, along with renewables, whose share in primary energy increases over the Outlook,Growth in gas demand is widespread, increasing in almost every country and region considered in the Outlook. The increase is driven in broadly equal amounts by use in power and industry. Transport records the fastest growth, albeit with small volumes.Global gas production is led by the US and Middle East (Qatar and Iran) – who together account for almost 50 percent of the growth in gas production over the Outlook – supported by strong increases in output in both China and Russia.Energy consumed within industry and buildings accounts for around three-quarters of the increase in energy demand.Growth in transport demand slows sharply relative to the past, as gains in vehicle efficiency accelerate. The share of passenger vehicle kilometres powered by electricity increases to around 25 percent by 2040, supported by the growing importance of fully-autonomous cars and shared-mobility services. Five countries account for over 50% of Iran's imports http://www.today.az/news/regions/179351.html World news Tue, 19 Feb 2019 13:24:00 +0400 By  TrendIn the first 10 months of the current Iranian year (started March 21, 2018), Iran's imports from China amounted to $8.9 billion, Trend reports referring to Iran's Trade Promotion Organization (TPO).Apart from China, Iran mainly imported goods from the UAE ($5.45 billion), Turkey ($2.038 billion), Germany ($2.018 billion) and India ($1.928 billion).These five countries together accounted for 57 percent of Iran's total imports.Rank in 10-month periodCountry10 months of current Iranian year10 months of previous Iranian yearDifference (%)Value(million USD)Weight(1,000 tons)Share of the value in total imports (%)Value(million USD)Weight(1,000 tons)ValueWeight1China8,9052,9152510,4633,878-15-252UAE5,4563,31115.38,0685,372-32-383Turkey2,0381,0065.72,6701,579-24-364Germany2,0185975.72,401723-16-175India1,9271,4655.41,8831,5232-46South Korea1,9076925.33,0421,239-37-447Switzerland1,8953,6015.31,8013,6445-18Russia1,0361,5512.95911,10575409Italy9551292.71,196171-20-2510France951752.71,442121-34-3811Netherlands9401,9742.61,2082,455-22-2012UK7991,9722.29052,573-12-2313Singapore7621,9032.18161,843-7314Austria4074941.12771814717315Japan405711.1506112-20-3616Oman4033711.115317016411817Brazil3734491516257-287518Spain36131413393496-1019Malaysia3583391409362-13-620Belgium354461605230-41-80Total of 20 countries32,25023,27590.439,29027,887-18-16.5 Azerbaijan holds negotiations on military export http://www.today.az/news/politics/179350.html Politics Tue, 19 Feb 2019 13:18:00 +0400 By  TrendA delegation of Azerbaijan’s Ministry of Defence Industry is visiting the UAE to take part in the 14th International Defense Exhibition and Conference IDEX-2019, Trend reports referring to the ministry.The exhibition included meetings of the delegation with the heads and representatives of Turkey’s MKEK company, Russia’s JSC Rosoboronexport, Serbia’s Yugoimport–SDPR, UAE’s Mobile Land Systems and Tawazun, and Saudi Arabia’s Military Industries Corporation. Negotiations were held during the meetings on the development of cooperation in the military-technical sphere and the export of military products produced in Azerbaijan.The IDEX exhibition is held under the patronage of the UAE President Sheikh Khalifa bin Zayed Al Nahyan with the support of the Ministry of Defence of the UAE.The exhibition will be open until February 21. 2nd meeting of Qatar-Azerbaijan Economic Commission to be held in Doha soon http://www.today.az/news/business/179349.html Business Tue, 19 Feb 2019 13:00:00 +0400 By  TrendThe second meeting of Qatar-Azerbaijan Economic Commission is set to be held in Doha, Qatar on Feb. 20, said Ambassador of the Republic of Azerbaijan to the State of Qatar Rashad Ismayilov.“In the upcoming bilateral economic, trade and technical commission meeting, many important agreements are to be signed which will enhance existing bilateral economic, strategic and political relations,” Ismayilov added, Trend reports referring to Qatar’s The Peninsula.“Unlike the high level of political cooperation between the two countries, the volume of trade turnover between the two countries is not big,” he said. “During the last two years the trade turnover between Azerbaijan and Qatar figured $8m despite there exist more opportunities to expand trade ties.”He said that currently Azerbaijan is mainly exporting food and agricultural products to Qatar.“We hope that we will be able to increase the level of economic cooperation to the grade of political relations,” the ambassador said. “We have more potential for this and now we are concentrating on using this potential.”According to the Azerbaijani State Customs Committee, the trade turnover between Azerbaijan and Qatar reached $3.6 million in 2018. Almost the entire amount of trade turnover accounted for the export of Azerbaijani products to this country. Minister: No legal obstacles to creation of private pension funds in Azerbaijan http://www.today.az/news/business/179348.html Business Tue, 19 Feb 2019 12:44:00 +0400 By  TrendThere are no legal obstacles to the creation of private pension funds in Azerbaijan, Azerbaijani Minister of Labor and Social Protection of the Population Sahil Babayev told Trend on Feb. 18.“Every citizen may apply for the creation of a private pension fund system,” he said.“The commercial aspects of the system must be examined and determined for its operation, in particular, profitability, which is directly related to labor market and income,” Babayev said. “Today, this function is performed by life insurance companies that receive benefits for rendering this type of service. Life insurance services are the first step in creating private pension funds.”“The activity of this model is connected with the development of the pension system and the labor market,” he said."The creation of private pension funds is the fourth degree in carrying out reforms of the insurance pension system,” the minister said. “The first degree is the basic or minimal, then the insurance part of pensions, then the accumulative one and then voluntary one. Today, its insurance part is widely used in Azerbaijan while the cumulative part is developing and this will take a little more time.” Azerbaijan may expand concessional lending to businesses http://www.today.az/news/business/179347.html Business Tue, 19 Feb 2019 12:38:00 +0400 By  TrendAnnual lending to businesses through the Entrepreneurship Development Fund of Azerbaijan may reach 180 million manats, Economy Minister Shahin Mustafayev said Feb. 18, Trend reports.The minister reminded that the Entrepreneurship Development Fund, created last year, performs a part of the functions of the former National Fund for Entrepreneurship Support (NFES). The new fund is issuing loans at a lower interest rate of 5 percent (6 percent by NFES), he added.The minister noted that so far loans worth 2.25 billion manats have been allocated through the NFES and subsequently the Entrepreneurship Development Fund."The fund’s loan portfolio exceeds 1 billion manats," he said. "Over the past three years, the fund hasn’t used budget funds to lend to the businesses in Azerbaijan and annually issues 160-170 million manats at the expense of the returned funds. In accordance with our forecasts, entrepreneurs will receive about 160-170 million manats and sometimes 180 million manats annually."In 2019, there are plans to issue preferential loans worth 160 million manats through the Entrepreneurship Development Fund Minister: Favorable environment in Azerbaijan lets entrepreneurs engage in any type of business http://www.today.az/news/business/179346.html Business Tue, 19 Feb 2019 12:26:00 +0400 By  TrendThe favorable business environment in Azerbaijan allows entrepreneurs to engage in any type of business, Shahin Mustafayev, Minister of Economy of Azerbaijan, said during the “Taxes. Transparency. Development” forum held in Baku, Trend reports.The minister stressed that, due to the comprehensive measures to improve the business environment taken under the leadership of the head of state, Azerbaijan was included in the list of countries undertaking major reforms in the Doing Business 2019 rating.As Mustafayev noted, 66 percent of companies that participated in a survey of the European Union on the business environment of Azerbaijan gave a positive answer to the question “Would you invest in Azerbaijan again?”, and 89 percent of them expect their businesses to either maintain stability or expand."This confirms yet again that the reforms carried out to ??improve the business environment increase investor confidence in our economy and contribute to the expansion of their plans," the minister said.Speaking about the constant changes in the Tax Code, the minister noted that they are very important for supporting the development of entrepreneurship in the country, encouraging private investment, reducing tax evasion, expanding taxable base, improving tax administration, minimizing contacts between government officials and taxpayers, optimizing tax benefits, creating and developing clusters of small and medium-sized enterprises and startups. New SOCAR plant to fully meet Azerbaijan’s demand in high-density polyethylene http://www.today.az/news/business/179345.html Business Tue, 19 Feb 2019 12:15:00 +0400 By  TrendThe SOCAR Polymer High-Density Polyethylene Plant, commissioned in Sumgayit, will fully meet the demand for high-density polyethylene across Azerbaijan, and 75 percent of the products will be exported to foreign markets, Trend reports Feb. 18 with reference to Azerbaijan’s state oil company SOCAR.On February 18, the high-density polyethylene plant was officially opened in the Sumgayit Chemical Industrial Park. The opening ceremony was attended by President of Azerbaijan Ilham Aliyev.In accordance with preliminary plans, SOCAR Polymer plants will produce 184,000 tons of 10 varieties of polypropylene and 120,000 tons of four high-density polyethylene varieties. During the operation period, the plants are expected to bring $6.6 billion in revenues, 30 percent of which will be the company’s net profit.In addition, SOCAR Polymer is expected to pay a total of $600 million in taxes to the state budget.The high-density polyethylene is still an imported product in the country, but now SOCAR's new industrial complex will fully meet the demand of the domestic market and export the remaining 75 percent of the product to the Turkish and European markets.As many as 3,500 people have been involved in the construction of the SOCAR Polymer plants, and 500 people will be permanently employed during their operation.According to preliminary estimates, the SOCAR Polymer complex at its full capacity will increase the export revenues of the country's non-oil sector by 18 percent and gross domestic product of the Absheron economic region by 14 percent.SOCAR Polymer is the first petrochemical company in Azerbaijan based on a public-private partnership.Shareholders of SOCAR Polymer are SOCAR (52.2 percent), Vitol (19 percent), Pasha Holding (9.9 percent), Ecoland (9.8 percent), Polymer Investments (5 percent) and AKKIK (4.1 percent).The project was delivered in cooperation with well-known brands such as Maire Tecnimont, FLUOR, LyondellBasell, INEOS, Golder Associates.About 60 percent of the project cost was paid by the loans from Russia's Gazprombank.SOCAR Polymer was founded in 2013 to accelerate the chemical industry development in Azerbaijan. Arpadarai: Costs of F1 Azerbaijan decrease, while revenues grow http://www.today.az/news/sports/179344.html Sports Tue, 19 Feb 2019 11:58:00 +0400 By  TrendPreparations for the next Formula 1 Azerbaijan Grand Prix, to be held April 26-28 in Baku, are on schedule, Nigar Arpadarai, head of Marketing and Communications Department of the Baku City Circuit (BCC), said in an interview with Trend Feb. 18.“Blocks are already being placed on the track, and the construction of stands, as well as the work at the National Seaside Park will begin next month,” she said.Arpadarai stressed that the work is carried out in a way to avoid creating inconvenience to citizens.As for the tickets, their sale began in November 2018, she said.“In November and December 2018, they were sold at a 20 percent discount,” she noted. “Despite the absence of a campaign, tickets are also selling successfully. They were already purchased from 47 countries. A 25 percent discount applies to local residents. This category includes citizens of Azerbaijan who have an ID and foreign citizens who have a temporary residence permit in the country.”She stressed that after the holding of Formula 1 in Azerbaijan was extended for another three years, the pace of ticket sales doubled.“The fans show great interest in the Azerbaijan Grand Prix,” she said. “Last year, tickets were purchased by fans from 75 countries until the end of April. We think that this year the figure will be the same.”She noted that this time the tickets were mainly purchased from Russia and the UK. Great interest is also shown by Germany, Georgia, Ukraine, Finland, Arab countries, she added.Arpadarai reminded that the first contract for holding Formula 1 in Azerbaijan was signed for five years, that is, the competitions had to be held until 2020 inclusive. After that, each of the parties could revise the terms, change, extend or terminate the contract, she said."When Azerbaijan first signed a contract, Formula 1 was headed by Bernie Ecclestone's team," she noted. “However, the leadership of Formula 1 has changed, and Liberty Media is managing the competitions. The new leadership has changed the policy, choosing a different strategy to attract more fans. Azerbaijan has been holding the Grand Prix for several years, and we reviewed all the terms of the contract together with Liberty Media, extending it for another three years.”Arpadarai noted that the new version of the contract is more beneficial for Azerbaijan than the previous one.“Formula 1 and Azerbaijan want to continue these competitions in the country, and the extension of the contract for another three years suggests that both parties are interested in this,” she said.She proudly emphasized that the Azerbaijan Grand Prix was included in the list of the best F1 Grand Prix competitions in the world.“The configuration of our track is very interesting, it is favorable both in terms of high competition and maneuvering,” she said. “There was high competition in the last two races held in Baku, and the results of these races were unexpected. We hope that this year we will also see an exciting competition.”Arpadarai noted that the management of Formula 1 is very happy with the Grand Prix of Azerbaijan, and CEO of Formula One Group Chase Carey has repeatedly stressed this in his interviews.“I think that the leadership of Formula 1 supports increasing the number of city tracks, and sees Baku as such a model,” she said. “This makes us very happy.”Arpadarai also told about the entertainment program to be presented as part of the races this year.“Last year, concerts and events after the races were held at the Crystal Hall,” she said. “This year they will be held at Elektra Events Hall. In addition, new gaming zones will be established on the boulevard, entertainment will be organized, etc. Negotiations are being completed with world stars that will be performing at concerts, and soon we will reveal their names.”She added that Formula 1 has brought great benefits to Azerbaijan both in terms of the development of the tourism sector and promotion of the country. She reminded that Formula 1 has audience of 500 million people.“Last year’s race in Baku was watched live by 83 million people,” she said. “This is a very big figure. This doesn’t include those who watched competitions online, or got information about Azerbaijan in the media during the year. A hashtag related to the Grand Prix of Azerbaijan remained at the first place in Twitter for two years in a row. Imagine how many people wrote about the Grand Prix of Azerbaijan and shared this information! This is a great job in terms of promoting the country.”Arpadarai noted that all this, of course, contributes to the development of Azerbaijan’s economy and tourism.“Regarding the direct and indirect benefits that Azerbaijan received from the first and second Grand Prix held in the country, we appealed to PwC for research, and the total income received by the country from the Grand Prix 2016 and 2017 was $277 million,” she said. “The major part accounted for the tourism sector. At the same time, our expenses in connection with Formula 1 reduced, and if asphalt cover was renovated in the first year of the race and the infrastructure was built, we don’t do it now. That’s because the stands belong to us and we use them every year. Advertising costs also decreased - if funds were spent on this during the first Grand Prix competitions, now people are already informed about it and they like the Azerbaijan Grand Prix. From year to year, the expenses for organizing Formula 1 are decreasing, while the revenues are growing.” Azerbaijan Railways discloses one of main tasks http://www.today.az/news/business/179343.html Business Tue, 19 Feb 2019 11:45:00 +0400 By  TrendOne of the main tasks is to increase transport safety in Azerbaijan, chairman of the Azerbaijan Railways CJSC Javid Gurbanov said.Gurbanov made the remarks at a meeting with a delegation led by chairman of the Austrian Federal Railways JSC (OBB) Andreas Matte, Trend reports.He spoke about the work on the further development of the railway transport system, which is one of the priority areas of the non-oil sector as part of the ongoing progressive reforms in Azerbaijan.During the meeting the sides stressed that among the main tasks are to increase transport safety and improve the competitiveness of transport corridors passing through the country.Gurbanov updated about the Trans-Caspian International Transport Route, the North-South and South-West transport corridors and, in particular, the Baku-Tbilisi-Kars railway, which was commissioned in October 2017.Then bilateral relations, mutual cooperation were discussed.In turn, Matte said that the relations between Azerbaijan and Austria have been recently expanding in all spheres, including the economic sphere.He stressed that the Austrian side is interested in the intensification of these ties.President of the Austria-Azerbaijan Chamber of Commerce Gerald Gerstbauer spoke at the meeting.A decision was made to further expand the relations of bilateral cooperation. All exporters expected to join Green Corridor in Azerbaijan till late 2019 http://www.today.az/news/business/179342.html Business Tue, 19 Feb 2019 11:23:00 +0400 By  TrendOver 100 companies have joined the Green Corridor system in Azerbaijan since February 1, 2019, Safar Mehdiyev, chairman of the Azerbaijani State Customs Committee, said, Trend reports.Mehdiyev made the remarks at the "Taxes, Transparency and Development" forum in Baku on Feb. 18.“All export companies and about 40 percent of importers must join the Green Corridor till the end of 2019,” he said.Mehdiyev called the implementation of the Green Corridor as one of the main measures taken in Azerbaijan to develop business in the country and a vivid example of Azerbaijan’s care for entrepreneurs.The Green Corridor, launched on February 1, 2019, allows transporting goods through the border upon a brief declaration, which helps to speed up customs procedures and implement a more flexible and transparent customs control. Gold, platinum, palladium prices up in Azerbaijan http://www.today.az/news/business/179340.html Business Tue, 19 Feb 2019 11:10:00 +0400 By  TrendThe prices for precious metals, except for silver, increased in Azerbaijan on Feb. 19, Trend reports citing the data published by the country’s Central Bank.The price of gold increased by 0.085 manats to 2,250.375 manats per ounce in the country on Feb. 19compared to the price on Feb. 18.The price of silver decreased by 0.074 manats to 26.8144 manats per ounce.The price of platinum increased by 3.723 manats to 1,374.008 manats.The price of palladium increased by 39.729 manats to 2,502.91 manats in the country.Precious metalsFeb. 19, 2019Feb. 18, 2019GoldXAU2,250.37502,250.2900SilverXAG26.814426.8884PlatinumXPT1,374.0081,370.2850PalladiumXPD2,502.912,463.1810The precious metals are gold, silver, platinum and metals of platinum group (palladium, iridium, ruthenium, rhodium, osmium) brought to the highest fineness (999.9).The precious metals are sold as ingots, coins or powder and have the appropriate quality certificates.(1.7 AZN = 1 USD on Feb. 19) Currency rates for Feb. 19 http://www.today.az/news/business/179338.html Business Tue, 19 Feb 2019 10:49:00 +0400 By  TrendOfficial exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 and 1.9202 manats, respectively, for Feb. 19.Below are the rates of Azerbaijani manat against world currencies, according to the data from the Central Bank of Azerbaijan for Feb. 19.CurrenciesFeb. 19, 20191 US dollar1 USD1.71 euro1 EUR1.92021 Australian dollar1 AUD1.20911 Argentine peso1 ARS0.0438100 Belarus rubles100 BYR0.78891 Brazil real1 BRL0.45501 UAE dirham1 AED0.46281 South African rand1 ZAR0.1202100 South Korean won100 KRW0.15081 Czech koruna1 CZK0.07471 Chilean peso1 CLP0.25721 Chinese yuan1 CNY0.25091 Danish krone1 DKK0.25741 Georgian lari1 GEL0.64391 Hong Kong dollar1 HKD0.21661 Indian rupee1 INR0.02381 British pound1 GBP2.1929100 Indonesian rupiah100 IDR0.0120100 Iranian rials100 IRR0.00401 Swedish krona1 SEK0.18351 Swiss franc1 CHF1.69081 Israeli shekel1 ILS0.46991 Canadian dollar1 CAD1.28231 Kuwaiti dinar1 KWD5.59541 Kazakh tenge1 KZT0.00451 Kyrgyz som1 KGS0.0242100 Lebanese pounds100 LBP0.11241 Malaysian ringgit1 MYR0.41601 Mexican peso1 MXP0.08821 Moldovan leu1 MDL0.09931 Egyptian pound1 EGP0.09671 Norwegian krone1 NOK0.1972100 Uzbek soums100 UZS0.01991 Polish zloty1 PLN0.44351 Russian ruble1 RUB0.02571 Singapore dollar1 SGD1.25231 Saudi riyal1 SAR0.45331 SDR (Special Drawing Rights of IMF)1 SDR2.35941 Turkish lira1 TRY0.32021 Taiwan dollar1 TWD0.05511 Tajik somoni1 TJS0.18011 New Turkmen manat1 TMM0.48571 Ukrainian hryvna1 UAH0.0626100 Japanese yen100 JPY1.53621 New Zealand dollar1 NZD1.1619 President Aliyev allocates funds for redevelopment in Sumgayit http://www.today.az/news/politics/179339.html Politics Tue, 19 Feb 2019 10:35:00 +0400 By  TrendAzerbaijani President Ilham Aliyev has signed an Order regarding measures to continue redevelopment work and repair of roads in the city of Sumgayit.Under the presidential Order, Sumgayit City Executive Authority is allocated 3 million manats for the continuation of redevelopment and repair work in the city. Armenia violates ceasefire with Azerbaijan 24 times http://www.today.az/news/politics/179341.html Politics Tue, 19 Feb 2019 10:11:00 +0400 By  TrendOver the past 24 hours, Armenian armed forces have 24 times violated the ceasefire along the line of contact between Azerbaijani and Armenian troops, the Azerbaijani Defense Ministry said Feb. 19, Trend reports.The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.The 1994 ceasefire agreement was followed by peace negotiations. Armenia has not yet implemented four UN Security Council resolutions on withdrawal of its armed forces from the Nagorno-Karabakh and the surrounding districts. Commissioner Oettinger: Southern Gas Corridor is game changer for EU http://www.today.az/news/business/179337.html Business Tue, 19 Feb 2019 10:00:00 +0400 By  TrendThe Southern Gas Corridor is a game changer for the European Union since it will deliver by 2020 for the first time gas coming from the Caspian Sea, the European Commissioner for Budget and Human Resources Günther Oettinger said in an exclusive interview with Trend."In this sense, it opens a new supply route and helps the EU to diversify its gas sources in line with the EU Energy Security and Energy Union Strategies," he said.The EU commissioner pointed out that the Southern Gas Corridor’s current capacity can technically still be expanded in future, which would allow the EU to still obtain additional gas from the Caspian region.Oettinger went on to add that he sees the future of energy cooperation between Azerbaijan and the EU very positive."The Southern Gas Corridor links Azerbaijan and the EU closely together. Azerbaijan and the EU already agreed on so-called Partnership Priorities. These priorities constitute an action program we want to implement jointly over the coming years. This list includes a strong energy focus. In addition, the EU is currently negotiating with Azerbaijan a so-called ‘enhanced Agreement’. This international agreement will put our joint relations, including on energy, on a new, solid and modern footing," he said.The commissioner said Azerbaijan plays a lead role in the Southern Gas Corridor and the state-owned company SOCAR is very active both in this project, but also beyond."Due to its investments in the EU, the Western Balkans, and Turkey, SOCAR has a vocation to play an important role in the EU’s and neighboring energy markets in future. The EU markets are always open to foreign investment and competition in line with the EU’s regulatory framework," Oettinger concluded.The Southern Gas Corridor is one of the priority projects for the EU and envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.The launching ceremony of the first stage of the Southern Gas Corridor was held in Baku on May 29, 2018, while opening ceremony of TANAP was held on June 12, 2018 in the Turkish city of Eskisehir.The gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor - from the Sangachal terminal to the expanded South Caucasus Pipeline.Trans-Adriatic Pipeline (TAP) and Trans-Anatolian Natural Gas Pipeline (TANAP) have been recently connected on the Turkish-Greek border. Economy minister talks artificial rise in prices for products in Azerbaijan http://www.today.az/news/business/179334.html Business Mon, 18 Feb 2019 18:00:00 +0400 By  TrendArtificially high prices for food products aren’t observed in Azerbaijan, Economy Minister Shahin Mustafayev told reporters in Baku Feb. 18, Trend reports.Commenting on the probability of a rise in price for bread in the country, the minister noted that no changes in the cost of bread are expected.Mustafayev reminded that a part of the grain used in the production of bread in Azerbaijan is imported.“This product has risen in price in a number of countries from where we import grain, and this could have affected prices in Azerbaijan,” he said. “However, we are taking measures - we meet with manufacturers and representatives of market chains so that there would be no increase in the price of bread.”In general, the minister stressed that the relevant state bodies daily monitor the prices of food products in Azerbaijan, and no artificially high prices were recorded.The minister also raised the issue of drug price regulation. He noted that if consumers have suspicions about the overpricing of state-regulated medicines, they may contact the Economy Ministry or the Tariff Council.“The state is taking the necessary measures to curb the facts of artificially high prices,” he added. “In particular, importers and manufacturers, the market share of which is 35 percent, are under the state supervision and they cannot change their prices without permission.” Uzbekistan, UK intend to cooperate in military sphere http://www.today.az/news/regions/179333.html World news Mon, 18 Feb 2019 17:45:00 +0400 By  TrendUzbek delegation, led by Foreign Minister Abdulaziz Kamilov, met with British Defense Minister Gavin Williamson at the Munich Security Conference, Trend reports with reference to press service of Uzbek Foreign Ministry."The sides discussed the state and prospects of expanding Uzbek-British relations, a number of international and regional problems, including issues of cooperation in the fight against modern challenges and threats to security," the press service of Uzbek Foreign Ministry said.Williamson expressed the interest of the British Defense Ministry to intensify cooperation in military sphere by positively assessing the level of Uzbek-British cooperation in this area. The British side is ready to render all possible assistance to reform processes in Uzbek Ministry of Defense system, including the improvement of Armed Forces and the advanced training of military personnel.Special attention was paid to Afghan problem. The British minister stressed London’s support for the outcome of Tashkent Conference on Afghanistan in March 2018, where consensus was reached in international community on the need to help launching the peaceful political process in that country.Moreover, Williamson called the Uzbek-British consultations on Afghanistan an important mechanism of bilateral relations and noted UK’s readiness for closer cooperation in this area.British side also supported the of the major socio-economic and infrastructure projects initiated by Uzbekistan in Afghanistan. Competition Code may appear in Azerbaijan soon http://www.today.az/news/business/179335.html Business Mon, 18 Feb 2019 17:38:00 +0400 By  TrendCompetition Code may be adopted soon in Azerbaijan, Economy Minister Shahin Mustafayev said, responding to questions from entrepreneurs at the forum “Taxes, Transparency and Development” in Baku Feb. 18, Trend reports.He said that this issue was also discussed with Azerbaijan’s Ministry of Taxes. The minister noted that the draft law is being prepared for the third reading.The creation of the Competition Code is envisaged in the “Strategic Roadmap for the Production of Consumer Goods at the Level of Small and Medium Entrepreneurship”. It was reflected in the roadmap that international experience is used in the preparation of this Code, including experience of the US, Austria, Latvia, Lithuania, Hungary, the Czech Republic and other countries.An independent competition authority may also appear in Azerbaijan, according to the roadmaps. Election date of new Turkish parliament speaker revealed http://www.today.az/news/regions/179336.html World news Mon, 18 Feb 2019 17:23:00 +0400 By  TrendA new speaker of the Turkish parliament will be elected Feb. 24 this year, Trend reports with reference to Turkish media.The election will be held by voting among the Turkish MPs.The newly elected speaker will be the 29th speaker of the Turkish parliament.Speaker of the Turkish Parliament Binali Yildirim will resign Feb. 18.Yildirim will resign in connection with the official nomination of his candidacy for the post of head of the Istanbul municipality.MP from the Nationalist Movement Party (MHP) Celal Adan will temporary perform Yildirim’s duties.Earlier, Yildirim said that the biggest problem in Istanbul is linked to passenger traffic, particularly - high density of traffic, adding that he will be able to solve this issue if he gets elected head of the Istanbul municipality on March 31 during the municipal elections.The municipal elections in Turkey will be held March 31, 2019. They are held every five years.The candidacy of the former Minister of the Environment and Urbanization of Turkey, Mehmet Ozhaseki, has been nominated for the post of head of the Ankara municipality. Heydar Aliyev Foundation VP attends exhibition of Russian avant-garde artists in Baku http://www.today.az/news/entertainment/179332.html Arts & Entertainment Mon, 18 Feb 2019 17:10:00 +0400 By  TrendAn exhibition titled “Upon request. The Russian Avant-Garde Collection of the Regional Museums, 1900-1930. Part 3” has opened at the Heydar Aliyev Center.Vice-President of the Heydar Aliyev Foundation Leyla Aliyeva attended the opening ceremony of the exhibition.Addressing the event, executive director of the Heydar Aliyev Foundation Anar Alakbarov shared his ideas on the exhibition.Anar Alakbarov noted that the exhibition is held for the first time in Azerbaijan, and thanked First Vice-President of Azerbaijan, President of the Heydar Aliyev Foundation Mehriban Aliyeva, and Vice-President of the Foundation Leyla Aliyeva for their support for the organization of the exhibition.The event participants then viewed the artworks.The display features unique avant-garde paintings from 17 regional museums scattered all over Russia. The works include canvases by some recognized classical artists like Kazimir Malevich, Wassily Kandinsky, Alexander Rodchenko, Vladimir Tatlin, Alexandra Exter, Marc Chagall, as wel as Victor Bart, Alexei Grischenko, Alexei Morgunov, Sergei Romanovich, Pavel Mansurov and other figures known for their contribution to avant-garde art.The exhibition brings together artifacts presented at the Upon request, Part 1 and Upon request, Part 2 exhibitions held in Moscow in 2016 and 2017 respectively. The time period spans from the very emergence of the Russian avant-garde art as of the mid-1900s all the way to its decline in the early 1930s.The project’s objective is to promote works by well-known, lesser-known and unknown artists nowadays kept at various Russian regional museum collections, as well as to demonstrate the major techniques having prevailed in the Russian art throughout the first three decades of the 20th century.Supervised by Andrei Sarabyanov, an art historian and the author of a great number of works on the Russian avant-garde art, the exhibition is a joint effort of the Russian Jewish Museum and Tolerance Center, and the Modern Art Museum of Moscow.The exhibition will run until May 5. Number of Azerbaijan's population as of Jan. 1, 2019 revealed http://www.today.az/news/society/179331.html Society Mon, 18 Feb 2019 16:57:00 +0400 By AzernewsBy Leman MammadovaPopulation of Azerbaijan continues to register growth. The State Statistics Committee of the country announced the lates data on the number of population.The population of Azerbaijan as of January 1, 2019 reached 9,981,457 people.As many as 52.8 percent of the total population lives in cities and 47.2 percent in villages. Also, men account for 49.9 percent of the total population, while women prevail with 50.1 percent.The population density in the country is 115 people per square kilometer.At the beginning of 2019, 4.6 percent of the country's population lives in Nakhchivan Autonomous Republic, 22.8 percent in Baku, 20.3 percent in Arran region, 12.9 percent in Ganja-Gazakh region, 9.4 percent in Lankaran and 30 percent - in other economic areas of the country.Meanwhile, as many as 138,982 newborns registered in Azerbaijan last year, which make 14.2 for every 1,000 people. Twins amounted to 2752, triplets - 117.This indicator was higher than the national average in Mountainous Shirvan (16.3 for every 1000 people), Lankaran, Aran, Guba-Khachmaz economic regions (15.4), Upper Karabakh and Kalbajar-Lachin economic regions (14.6).According to the population census in 1897, Azerbaijani population was 1,806.7 million. In this period the majority of people lived in rural areas - 83 percent. At the time, 112,100 people lived in Baku, and according to the data for the beginning of this year, the population of the Azerbaijani capital is more than 2,262 million people.The next census of population will be held on October 1-10 this year. In 2018, a test population census was held in Gabala district.According to the latest WHO data published in 2018 life expectancy rate in Azerbaijan stands at 70.3 for men, 75.7 for female. Total life expectancy is 73.1, which gives Azerbaijan a World Life Expectancy ranking of 96.Azerbaijan also ranks 90th for the number of the world's population.The UN previously reported that Azerbaijan’s population is expected to hit 10.68 million people by 2030 and 11.03 million people by 2050.The report forecasts that life expectancy at birth will increase in Azerbaijan. So if in 2015-2020 it is 72.1 years, then by 2045-2050 will increase to 75.7 and in 2095-2100 - to 82.6 years.As for the world population, the figure is 7.6 billion people. By 2030, the world will have 8.6 billion people, in 2050 - 9.8 billion, and in 2100 - 11, 2 billion. Russian songwriter stuns music lovers http://www.today.az/news/entertainment/179330.html Arts & Entertainment Mon, 18 Feb 2019 16:41:00 +0400 By AzernewsBy Laman IsmayilovaSpectacular concert of Russian songwriter Maxim Fadeev was held at the Baku Congress Center on February 16.People's Artist of Azerbaijan, singer and composer Emin Agalarov (EM?N) and ex-soloist of "Serebro" girls band  Olga Seryabkina (Molly) became special guests at the solo concert of the Russian songwriter.For the first time in 25 years, Maxim Fadeev gave a solo concert at the Crocus City Hall in Moscow. His second concert was held in Baku, Trend Life reported. Marvelous evening at the Baku Convention Center was held at the full house.As you know, after the injury, Maxim Fadeev lost his hearing. Doctors have forbidden him from singing and listening to loud sounds, but the love of music prevailed over the illness. For his concert, the songwriter brought special hearing equipment."I am now practicing living in a new way, singing for you on instruments. It’s just that each concert has to be prepared as if it is a "hadron collider". I sing with my eyes and soul. I can't hear you, but I see your reaction. And I am very happy and pleased!," said Fadeev.The evening featured hits and new compositions, including such hits as  "Dancing on the Glasses", "Run on the Sky", " We Are Together" and other songs.At the end of the concert, music lovers an incredible duet appeared on the stage.Emin Agalarov and Maxim Fadeev performed a new song written by the Russian songwriter.Beautiful song and music video "My Azerbaijan" was presented to the audience.Maxim Fadeev said that he loved Azerbaijan very much."Azerbaijan is the homeland of my best friend Emin, whom I value and respect. And that means my second homeland. When my friend Emin asked me to write this song and perform a duet - I was happy to do it with him.  The song "My Azerbaijan!" is special for me. And, of course, when Emin invited me to perform in Baku, I gladly accepted this offer. For me it is a great honor. This is a city of my friends. This is a city of really hospitable people," said FadeevEmin Agalarov also said that Maxim Fadeev received a high award from the Ministry of Culture for his contribution to the development of relations between the two countries.The bright and long-awaited concert left unforgettable emotions to all the guests of the show. Gala night of Zima Kids Music Festival held in Baku http://www.today.az/news/entertainment/179327.html Arts & Entertainment Mon, 18 Feb 2019 16:29:00 +0400 By AzernewsBy Laman IsmayilovaA gala concert of Zima International Kids Music Festival was held at the Heydar Aliyev Palace on February 15.The festival was co-organized by Beat Group with the support of the Ministry of Culture, Trend Life reported.Vice-president of the Heydar Aliyev Foundation Leyla Aliyeva attended the event.The opening ceremony began with a red carpet walk.Zima International Kids Music Festival is not a competition, but only a song festival - prizes are not awarded to the participants of this musical project, each young performer is awarded a diploma.This year the festival was held for the second time and acquired an international scale. Foreign participants joined the Azerbaijani talents - Vadim Tsagareishvili (Russia), Alexander Zazarashvili (Georgia), Aylin Altinkaya (Turkey), Daria Moskalenko (Ukraine) and Maria Yermakova (Belarus).Anyone could become a participant of the festival. Only  21 young singers reached the final of more than 100 participants.Before the gala concert they rehearsed with the festival director, Honored Art Worker of Azerbaijan Ulviya Kenul, music producer Rustam Rzayev, vocal teacher - Honored Artist of Ukraine Rimma Shapovalova, choreographer Emin Huseynov.For almost all, this was the first performance in front of a large audience.The hosts of the evening were the participants of the first Zima International Kids Music Festival Nazrin Asadova and Rufat Mammadov, as well as the well-known TV presenter Leyla Guliyeva.Spectacular concert brought together young talents: Medina Agayeva, Mahammad Allahverdiyev, Seykhan Alizadeh, Kamran Aliyev, Vusalya Bekirzadeh, Maryam Veliyeva, Iskandar Hasanzade, Emin Mammadov, Elvin Salmanov, Leyla Gubatli, Leyla Tagizade, Izzat Mirzakhanov, Selin Shakhhuseynova, Elvira Murtuzaliyeva, Zerin Gafarova, Khoshgadam Mehtiyeva, Fidan Abbasbeyli, Kamran Ibrahim, Said Babazade, Zamina Nurullayeva, Aliya Suleymanova.Each performance featured videos about the participants, fascinating installations and dances.The audience gave young talents a storm of applause.The star guests included Honored Artist, singer and composer Tunzala Agayeva, Voice Azerbaijan finalist Huseyn Abdullayev and famous singer Jeyhun Zeynalov (Cin).The festive evening has turned into a bright symbol of youth's talent, sincere friendship, peace and kindness. Soltan Soltanli's exhibition opens in Baku http://www.today.az/news/entertainment/179328.html Arts & Entertainment Mon, 18 Feb 2019 16:02:00 +0400 By AzernewsBy Laman IsmayilovaWhat is the purpose of art? How can we address philosophy in painting? As a self-taught artist and trained philosopher, Soltan Soltanli seeks to use art for the humanity by exploring the existential questions of human life and social behavior through his work.An exhibition of an Azerbaijani cartoonist and graphic artist Soltan Soltanli solemnly opened at YAY Gallery on February 15.Soltan Soltanli is a self-taught artist. His father was against his son's wish. That is why Soltan drew his paintings secretly.During his childhood in a village in Azerbaijan’s Agsu region, he developed a personal philosophy about the role of humanity in the world around it. Defining his style as "surrealism", he seeks to express universal truths through evocative iconography, landscapes and portraits evoking memories. In his works, messages of universal experience, empathy and optimism are read.Soltan Soltanli enthusiastically studies classical Azerbaijani literature, poetry and philosophy, including the works of Nizami and Nasimi.Soltanli’s artwork is a contemporary representation of the ideas they put forth about beauty and truth.In his practice, he explores both aesthetic realism and primitivism to capture the essential nature of his subjects. Using vibrant colors and imaginative perspective, he paints people, animals and landscapes that symbolize pure emotion and a higher purpose.He references themes such as love, labor, death and human relationships, titling the artworks to give insight into his intention, revealing his own nuanced understanding of life. While his work may seem to have a surreal quality, he rejects this label – he paints to reveal relationships between things by using illusion, but he does not seek to deceive. His messages are straightforward –the artist illuminates universal human truths to serve and inspire humanity itself. On the first floor of the gallery, paintings of fantasy landscapes and rural life explore the natural world as a source of beauty and wonder but purpose and labor.In Soltanli’s depictions of animals among a forest of trees and ponds, the works suggest a paradise of natural harmony. In his paintings of shepherds, gardeners and peasants, nature is perceived as a generous source of abundant means of subsistence.Soltanli is also a celebrated graphic artist and has won a number of international awards for his work.A collection of graphic works and watercolors, including studies for larger paintings and portraits in his signature style blending caricature and realism are also presented.On the second floor there is a collection of portraits expressing humanity’s connection to nature and to itself, representing the complexity of the myriad relationships between people and the world around them.There is also a series of works showing the nuance and intimacy of family life.With a sense of humor and irony, Soltanli invites viewers to see the inner beauty of living for themselves.The event curator is Lesley Gray.The exhibition will last until April 1. Kazakhstan's trade turnover with EAEU states up by 7.5.pct http://www.today.az/news/regions/179329.html World news Mon, 18 Feb 2019 15:42:00 +0400 By AzernewsBy Abdul KerimkhanovThe Eurasian Economic Union (EAEU) celebrated its four-year anniversary in January 2019. Kazakhstan as part of the EAEU shares all its achievements with other countries of the economic union, including the increase in trade turnover.The volume of mutual trade of Kazakhstan with the EAEU states in January-December 2018 in monetary terms amounted to $19.1 billion, which is 7.5 percent more than in 2017, according to the Committee on Statistics of the Ministry of National Economy of Kazakhstan.The trade turnover of Kazakhstan with the EAEU countries reached $ 17.1 billionIn particular, the volume of Kazakhstan's exports to the EAEU countries in the reporting period in monetary terms totalled $5.9 billion (which is 12 percent more than in 2017), imports - $13.2 billion (+ 5.6 percent).In the total volume of the Kazakh foreign trade turnover with the EAEU countries, 91.8 percent accounts for Russia, 4.5 percent for Kyrgyzstan, 3.6 percent for Belarus and 0.1 percent for Armenia.Earlier, Kazakh Minister of National Economy Timur Suleimenov said that the implementation of the basic agreements on the free movement of goods shows positive results of mutual trade of the EAEU states.The influx of investments from the EAEU countries is also growing."Following the results of three quarters of 2018, the inflow of investments from the EAEU countries increased by 31 percent - from $941.5 million to $1.2 billion," Suleimenov added.Kazakhstan officially entered the Customs Union with Russia and Belarus on July 1, 2010. Since that time, Kazakhstan’s trade policy has been heavily influenced by regulations promulgated by the Customs Union and its governing body the Eurasian Economic Commission.On May 29, 2014, Kazakhstan and its Customs Union partners signed a treaty to create a common economic space known as the Eurasian Economic Union (EAEU). The EAEU is expected to further integrate their economies, and provide for the free movement of services, capital and labor within their common territory. The government of Kazakhstan has asserted that EAEU agreements comply with WTO standards.In October 2016, a free trade zone (FTA) between the EAEU and Vietnam was launched.Kazakhstan benefits from launching an FTA with Vietnam. In 2017, Kazakhstani-Vietnamese trade increased by 48 percent to $ 542 million, including exports from Kazakhstan, grew by 63 percent due to an increase in supplies of Kazakh food products and agricultural commodities, as well as metals and products from them.By 2025, common markets for gas, oil and petroleum products will be formed within the EAEU framework. Forum discussing Taxes, Transparency and Development begins http://www.today.az/news/business/179326.html Business Mon, 18 Feb 2019 15:31:00 +0400 By AzernewsBy Mirsaid IbrahimzadeA forum entitled “Taxes, Transparency and Development” was held in Baku on February 18.Economy Minister Shahin Mustafayev, who attended the forum, in his speech noted that since 2016, 345 projects worth a total of 3 billion manats have received investment promotion documents in Azerbaijan.He said that these projects will create over 22,000 new jobs.The mechanism of investment promotion contributed to a serious increase in private investments in the non-oil sector of the country, the minister noted.“As a result of the targeted measures, the share of the private sector in Azerbaijan’s GDP reached 84 percent and the employment share reached 76 percent in 2018,” Mustafayev said.New solutions for the development of the private sector, implemented since 2015, from the point of view of sustainable development of the economy are of a strategic nature and characterize a new era of entrepreneurship development, the minister noted.“In line with the instructions by Azerbaijani President Ilham Aliyev, inspections in the field of entrepreneurship were suspended until 2021, the number of licensed types of business activities was reduced, procedures were simplified and duties were substantially reduced,” the minister added.He also said that in addition, reforms in tax, customs and social systems were initiated, credit bureau and the register of movable property were created, the Entrepreneurship Development Fund was established, and the annual interest rate on the fund’s loans was reduced to 5 percent.Afterwards, he added that the Competition Code may be adopted soon in Azerbaijan.The minister noted that the issue of adopting the Code was also discussed with the Ministry of Taxes of the country. The Minister noted that the draft law is being prepared for the third reading.The creation of the Competition Code is provided for in the “Strategic Roadmap on the production of consumer goods at the level of small and medium enterprises in Azerbaijan”. It is noted in the roadmap that international experience, including the United States, Austria, Latvia, Lithuania, Hungary the Czech Republic and other countries, is used while preparig this code.Addressing the forum, Tax Minister Mikail Jabbarov said that elimination of shadow economy in Azerbaijan will be one of the priorities that will be given special attention in 2019.He said that last year, understatement of turnover totaling 930 million manats were revealed in major wholesale enterprises, 122 million manats in market chains and more than 230 million manats in private medical institutions of Azerbaijan.“Our primary function is to identify all such facts and bring the enterprises to taxation,” the minister said.The shadow economy contributes to the emergence of various negative factors, he noted.“Despite that tangible results were achieved in the fight against this problem, we must continue measures in this direction,” he added. “For this reason, reduction of the shadow economy in 2018 was the priority direction for tax services. Entrepreneurs were given time so that they renew their accounting, extensive educational work was carried out. Control over some sectors was also increased, for example, in the sale of goods, in the medical services sector and in shopping center chains.”In 2018, major changes occurred in the activity of the tax authorities, the minister said. The structure of the tax authorities was reformed, dramatic changes were made in the personnel section and negative points that occurred earlier were eliminated, he added.“In order to eliminate the problems faced by taxpayers, an appeal system was created. We tried to create horizontal cooperation with the business, and the main approach is that the tax authorities improve relations with entrepreneurs from scratch. We stand for building clear and transparent relationships with entrepreneurs. We are sure that entrepreneurs also share this opinion,” the minister noted.Furthermore, speaking at the forum, Minister of Labor and Social Protection of the Population Sahil Babayev said that the first Center for Sustainable and Operational Social Security (DOST) will open in Azerbaijan in the coming days.He said that the center will provide 124 services on a “single-window” principle in the areas of labor, employment, social protection and social security.“Opening of the 31 DOST centers is envisaged in Azerbaijan in the future,” he noted. Weekly turnover at Baku Stock Exchange amounts to 250M manats http://www.today.az/news/business/179325.html Business Mon, 18 Feb 2019 15:24:00 +0400 By  TrendThe weekly turnover at the Baku Stock Exchange (BSE) on Feb. 11-15 amounted to 250.69 million manats, Trend reports with reference to the stock exchange Feb. 18.Most of the operations accounted for the placement of notes worth 218.9 million manats of the Central Bank of Azerbaijan (CBA). A total of 2.2 million notes at a price from 99.4388 manats to 100.3638 manats were placed.During the week, transactions on the US dollar bonds accounted for $170,500 (289,900 manats), while transactions on the manat bonds accounted for 25.9 million manats.All transactions on the US dollar bonds accounted for Azerbaijan’s state oil company SOCAR, while transactions on the manat bonds mainly accounted for Azerbaijan’s Finance Ministry.During the last week, transactions on shares worth a total of 22,000 manats were also concluded in the secondary market of the BSE.Repo operations amounted to 5.6 million manats.(1.7 manats = 1 USD on Feb. 18) Fitch: Azerbaijan’s economy to grow 3.5% in 2019 http://www.today.az/news/business/179324.html Business Mon, 18 Feb 2019 15:15:00 +0400 By  TrendAzerbaijan’s economy will grow 3.5 percent in 2019, Trend reports with reference to Fitch Ratings.Fitch Ratings has affirmed Azerbaijan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BB+' with a Stable Outlook.The growth is supported by the coming on stream of Shah Deniz 2 gas field and investments stemming from the extension of the production sharing agreement for the exploitation of the country’s largest oil field, reads the report.“Tourism and agriculture will foster non-oil sector growth,” the report said.“The assets of the Sovereign Oil Fund of Azerbaijan (SOFAZ) increased by 9 percent in January-October 2018 to $39 billion ($35.8 billion in 2017),” reads the report. “We forecast sovereign net foreign assets (SNFA) at 75.4 percent of GDP in 2018.”Banking sector health is improving in Azerbaijan, according to the report.“Credit growth recovered to 7 percent in 2018, supported by lower interest rates, and capitalization improved to 19.5 percent (excluding International Bank of Azerbaijan; IBA) at end-2018,” the report said. Defense ministers of Azerbaijan, Belarus meet in Abu Dhabi http://www.today.az/news/politics/179321.html Politics Mon, 18 Feb 2019 15:00:00 +0400 By AzernewsBy Abdul KerimkhanovMilitary-technical cooperation of Azerbaijan and Belarus enjoys a good history, rather large volumes and a good tendency to expand.Azerbaijan is among the leaders in the procurement of various types of weapons from Belarus. In the first place comes the purchase of tanks and artillery; in the second - armored vehicles, in the third - combat aircraft.During his visit to the United Arab Emirates, Colonel-General Zakir Hasanov, the Minister of Defense of Azerbaijan, met in Abu Dhabi with the Minister of Defense of Belarus, Lieutenant-General Andrei Ravkov on February 18, according to the press service of the ministry.During the meeting, the parties noted the importance of developing cooperation in the military, military-technical and military-educational fields, and also exchanged views on other issues of mutual interest.In the International Defense Exhibition IDEX-2019 framework, the Azerbaijani delegation got acquainted with military equipment and military products of the Belarusian defense industry, interest was shown in armaments and equipment capable of enhancing the combat capability of the Azerbaijani army.During the exhibition, Hasanov met with the Chairman of the State Military-Industrial Committee of Belarus Roman Golovchenko.The sides discussed the prospects of military and military-technical cooperation, the possibility of using modern military technology, as well as other issues of mutual interest.The head of the Azerbaijani Defense Ministry is visiting Abu Dhabi at the invitation of Vice President, Prime Minister and Defense Minister of the United Arab Emirates, Sheikh Mohammed bin Rashid Al Maktoum.In addition, Hasanov also met with the Minister of State for Defense of the United Arab Emirates (UAE) Mohamed Ahmed Albawardi Al Falasi on February 17.Military-technical cooperation between Azerbaijan and Belarus evolved in 2005 when Azerbaijan received the first T-72 tanks. Since then, Minsk sent to Baku at least 153 T-72 tanks, nine self-propelled 2S7 ‘‘Pion’’ artillery systems of 203 mm caliber, 30 towed 152 mm D-20 howitzers, 11 Su-25 attack aircraft, and two ‘‘Buk-MB’’ battalions of anti-aircraft missile systems -MB ", as well as anti-tank missile systems" Skif "Ukrainian-Belarusian production (JSC" Peleng "supplies guidance system).IDEX is the only international defence exhibition and conference in the Middle East and North Africa region demonstrating the latest technology across land, sea and air sectors of defence.It is a unique platform to establish and strengthen relationships with government departments, businesses and armed forces throughout the region.IDEX is held under the patronage of Sheikh Khalifa Bin Zayed Al Nahyan, UAE President and Supreme Commander of the UAE Armed Forces and is organised by the IDEX LLC in association and with the full support of the UAE Armed Forces.IDEX takes place biennially at the Abu Dhabi National Exhibition Centre (ADNEC), which is centrally located in Abu Dhabi, the capital of the United Arab Emirates.The IDEX exhibition takes over 100 percent of the state-of-the-art exhibition centre, utilising 133,000 square meters of event space. Iran most advanced domestically-built submarine joins fleet http://www.today.az/news/regions/179320.html World news Mon, 18 Feb 2019 14:48:00 +0400 By  TrendIran’s new domestically-developed submarine Fateh joined the country's naval fleet, Trend reports citing IRNA.Iranian President Hassan Rouhani attended the ceremony in the southern Bandar Abbas port in the Persian Gulf in which many military officers were present.“Fateh (Conqueror, in Persian) is Iran’s first semi-heavy submarine with outstanding and unique feature, equipped with state-of-the-art technology,” said Iranian Defense Minister Brigadier General Amir Hatami on Sunday.“This submarine joined Iranian naval fleet after final successful tests,” he added.The Iranian defense minister said the submarine’s production shows the country’s self-sufficiency in defense sector.He added that Iran’s defense industry is the fundamental part of the country’s independence and “guarantees its security and stability.”Fateh is Iran’s most advanced domestically-built submarine. The submarine is equipped with sonar, electric drive, combined battle management, surface-to-surface guided missile guidance, torpedo guidance, electronic and telecommunication warfare, secure and integrated telecommunication systems and dozens of state-of-art modern systems.Fateh submarine has underwater speed of 11 knots (20.35 km/h) and is capable of travelling submerged at 14 knots (25.9km/h). The submarine is armed with four 533-mm torpedoes.It can carry eight sea mines and two reserve torpedoes.The Iranian president also toured the Navy's factories that desgin, develop, manufacture and repair various military vessels. Azerbaijani Finance Ministry to auction manat bonds http://www.today.az/news/business/179319.html Business Mon, 18 Feb 2019 14:35:00 +0400 By  TrendAn auction for placement of 25 million manats worth short-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) on Feb. 19, Trend reports referring to the BSE.Some 2.5 million bonds at a par value of 100 manats each and a maturity period of 364 days will be put up for the auction.The maturity date for the bonds is Feb. 18, 2020.Azerbaijani investment company PASHA Capital is the underwriter of the issuance. President Aliyev receives UK PM's trade envoy [UPDATE] http://www.today.az/news/politics/179323.html Politics Mon, 18 Feb 2019 14:25:00 +0400 By  TrendPresident of the Republic of Azerbaijan Ilham Aliyev has received a delegation led by the UK Prime Minister's Trade Envoy to Azerbaijan Baroness Emma Nicholson.The president recalled with pleasure his visit to the United Kingdom and his meeting with Prime Minister Theresa May. President Aliyev hailed Baroness Emma Nicholson’s role in and contribution to the development of friendship and partnership between Azerbaijan and the UK.Baroness Emma Nicholson extended Prime Minister of the United Kingdom of Great Britain and Northern Ireland Theresa May’s greetings to the president.The importance of Baku’s hosting the next meeting of the Southern Gas Corridor Advisory Council was emphasized, the successful development of energy cooperation between Azerbaijan and the UK was hailed at the meeting.The sides exchanged views on prospects for cooperation between the two countries in healthcare, tourism, agriculture and other fields, underlining the importance of high-level reciprocal visits in terms of the development of bilateral relations.President Aliyev thanked for Theresa May’s greetings and asked Baroness Emma Nicholson to extend his greetings to the prime minister of the United Kingdom of Great Britain and Northern Ireland. Companies in Azerbaijan understate turnover by hundreds of millions – minister http://www.today.az/news/business/179318.html Business Mon, 18 Feb 2019 14:15:00 +0400 By  TrendElimination of shadow economy in Azerbaijan will be one of the priorities that will be given special attention in 2019, Azerbaijani Tax Minister Mikail Jabbarov said at the forum “Taxes, Transparency and Development” Feb. 18, Trend reports.He said that last year, understatement of turnover totaling 930 million manats were revealed in major wholesale enterprises, 122 million manats in market chains and more than 230 million manats in private medical institutions of Azerbaijan.“Our primary function is to identify all such facts and bring the enterprises to taxation,” the minister said.The shadow economy contributes to the emergence of various negative factors, he noted.“Despite that tangible results were achieved in the fight against this problem, we must continue measures in this direction,” he added. “For this reason, reduction of the shadow economy in 2018 was the priority direction for tax services. Entrepreneurs were given time so that they renew their accounting, extensive educational work was carried out. Control over some sectors was also increased, for example, in the sale of goods, in the medical services sector and in shopping center chains.”In 2018, major changes occurred in the activity of the tax authorities, the minister said. The structure of the tax authorities was reformed, dramatic changes were made in the personnel section and negative points that occurred earlier were eliminated, he noted.“In order to eliminate the problems faced by taxpayers, an appeal system was created,” he said. “We tried to create horizontal cooperation with the business, and the main approach is that the tax authorities improve relations with entrepreneurs from scratch. We stand for building clear and transparent relationships with entrepreneurs. We are sure that entrepreneurs also share this opinion.” Domestic incident cannot harm Azerbaijani-Chechen friendship - expert http://www.today.az/news/politics/179317.html Politics Mon, 18 Feb 2019 13:51:00 +0400 By  TrendA domestic incident between Azerbaijanis and Chechens in Moscow cannot break long-standing friendly relations between Azerbaijani and Chechen peoples, Galina Niyazova, Russian expert, Ph.D. in political science, senior teacher at St. Petersburg State University, told Trend.She said that there are fraternal relations that have developed over the years between the Azerbaijani and Chechen diasporas of Russia.“Representatives of the diasporas mutually attend each other’s mourning and celebration events, cooperate in business, science and educational activities,” she noted. “On the other hand, the conflict that occurred is the evidence of lack in the education of modern youth. The widespread use of social networks allows ignoring self-control and the need to be responsible for one’s own words.”The expert noted that in such conditions, certain forces are trying to take advantage of any situation in order to politicize even a domestic incident.“Given the long-term close relations between Azerbaijanis and Chechens, it is obvious that this kind of incident cannot harm the bilateral ties,” she said. “Both people have respect for each other, they have mutual understanding and common traditions. In turn, Russia creates favorable environment for all small peoples in a single space.” Turkish parliament speaker Binali Yildirim to resign http://www.today.az/news/regions/179316.html World news Mon, 18 Feb 2019 13:46:00 +0400 By  TrendSpeaker of the Turkish Parliament Binali Yildirim will resign Feb. 18, Trend reports with reference to the Turkish media.Yildirim will resign in connection with the official nomination of his candidacy for the post of head of the Istanbul municipality.MP from the Nationalist Movement Party (MHP) Celal Adan will temporary perform Yildirim’s duties.Earlier, Yildirim said that the biggest problem in Istanbul is linked to passenger traffic, particularly - high density of traffic, adding that he will be able to solve this issue if he gets elected head of the Istanbul municipality on March 31 during the municipal elections.The municipal elections in Turkey will be held March 31, 2019. They are held every five years.The candidacy of the former Minister of the Environment and Urbanization of Turkey, Mehmet Ozhaseki, has been nominated for the post of head of the Ankara municipality. With development of SGC, Europe’s energy security to be ensured on wider scale - minister http://www.today.az/news/business/179315.html Business Mon, 18 Feb 2019 13:32:00 +0400 By  TrendWith the development of the Southern Gas Corridor (SGC), Europe’s energy security will be ensured on a wider scale, Azerbaijani Energy Minister Parviz Shahbazov said, Trend reports with reference to the Energy Ministry.He made the remarks at a meeting dedicated to energy security issues as part of the 55th Munich Security Conference in Germany.In his speech, the minister spoke on the growing role of energy security in ensuring global security, energy policy, oil and gas projects of Azerbaijan that serve to the regional and global energy security, as well as sustainable development.The minister stressed that the implementation of the SGC project being carried out with the participation of seven countries and numerous companies, entered the final stage, and informed about the strategic importance of the project recreating the energy map of the world.The SGC is the first real project representing diversification on each of the sources and each route in the global energy security system, he said.Despite that this project is aimed at the South-Eastern Europe market, which is considered a vulnerable region in terms of energy security, it has the prospect of greater coverage of the European market in the future, he noted.The minister also informed about the fifth ministerial meeting as part of the SGC Advisory Council to be held in Baku Feb. 20, and about the contribution of the discussions of this format to energy security.The SGC is one of the priority projects for the EU and envisages the transportation of 10 billion cubic meters of Azerbaijani gas from the Caspian region through Georgia and Turkey to Europe.The launching ceremony of the first stage of the Southern Gas Corridor was held in Baku on May 29, 2018, while opening ceremony of TANAP was held on June 12, 2018 in the Turkish city of Eskisehir.The gas from the Azerbaijani Shah Deniz field has already gone through the first segment of the Southern Gas Corridor - from the Sangachal terminal to the expanded South Caucasus Pipeline.Trans-Adriatic Pipeline (TAP) and Trans-Anatolian Natural Gas Pipeline (TANAP) have been recently connected on the Turkish-Greek border. Kazakh tenge starts week with strengthening against US dollar http://www.today.az/news/regions/179314.html World news Mon, 18 Feb 2019 13:21:00 +0400 By  TrendThe weighted average US dollar rate in the morning session of the Kazakhstan Stock Exchange (KASE) on Feb. 18 amounted to 375.87 tenge, Trend reports citing the Kazakh media.Thus, the national currency of Kazakhstan has strengthened by 1.67 tenge against the US dollar compared to the morning session of Feb. 15 (377.54 tenge per US dollar).At today's morning trading session of the US dollar, the minimum rate was 375.45 tenge per US dollar and the maximum rate was 376.1 tenge, while the closing rate was 375.85 tenge per dollar.The trading volume amounted to $55.4 million, while the number of currency transactions totaled 107.Meanwhile, the official rate by the National Bank of Kazakhstan on Feb. 18 is 377.62 tenge per US dollar. In the exchange offices of Astana and Almaty, the maximum selling rate of the US currency is 379 tenge. Uzbekistan, Poland mull further development of interregional co-op http://www.today.az/news/regions/179313.html World news Mon, 18 Feb 2019 12:59:00 +0400 By  TrendRepresentatives of Uzbekistan’s Kashkadarya Region visited Poland to discuss further development of interregional cooperation, Trend reports via the Uzbek media.During the visit, meetings were held with the leadership of 14 Polish companies operating in the agricultural sector, energy, construction, medical, chemical and other sectors of the economy.The Uzbek delegation visited a number of Polish enterprises, including a plant for production of the Milex drip irrigation equipment in Dobrików, an enterprise for the production of the Selena building materials in Wroclaw, and also medical institutions in Warsaw, in particular, an interventional cardiology clinic and the versatile Medicover hospital.The Polish partners were provided with detailed information about the economic, financial and investment potential of Uzbekistan, needs, export and investment opportunities of the Kashkadarya Region.Heads of such companies as ELQ (power equipment), Selena (building materials), Milex (irrigation systems), Bartek (shoe industry), Intermag (chemical fertilizers), Sky Bone and Contraktus (cattle and poultry), Dolinski and Arno (intensive gardening), Irimed (healthcare) welcomed the large-scale reforms and openness policies that have been pursued in Uzbekistan in recent years.They confirmed their readiness to intensify cooperation in a number of joint projects that are being implemented.As a result, agreements were reached on the establishment and development of cooperation. Iran creating working groups with neighboring countries http://www.today.az/news/regions/179312.html World news Mon, 18 Feb 2019 12:46:00 +0400 By  TrendThe working groups are being created between Iranian and neighboring countries’ foreign currency exchange offices, Secretary of the Iranian Currency Exchange Association Reza Torkashvend said.The joint working groups are being created under the supervision of the Central Bank of Iran and as part of the cooperation among the Iranian Ministry of Economic Affairs and Finance and the Iranian parliament’s Commission on Economy, Torkashvend added, Trend reports referring to Ibena.The joint working group between the Iranian and Afghan foreign currency exchange offices is one of the first working groups, he said.Torkashvend added that earlier, the Iranian and neighboring countries’ foreign currency exchange offices were cooperating within the non-official, private and trade law.Presently, both countries will have the official system after the establishment of these working groups and the foreign currency exchange offices can solve their financial and foreign currency problems this way, he said.Torkashvend has urged representatives of Iranian foreign currency exchange offices, which have financial relations with neighboring countries, to actively participate in working groups. President Ilham Aliyev visits Sumgayit http://www.today.az/news/politics/179322.html Politics Mon, 18 Feb 2019 12:42:00 +0400 President of the Republic of Azerbaijan Ilham Aliyev has visited a statue of national leader Heydar Aliyev in the city of Sumgayit.Head of Sumgayit City Executive Authority Zakir Farajov informed the head of state of the work done in the city.President Ilham Aliyev gave relevant instructions.***President of Azerbaijan Ilham Aliyev has attended the inauguration of the High Density Polyethylene Plant of the “SOCAR Polymer” project in Sumgait.The head of state was informed of the plant’s activities.President Ilham Aliyev launched the enterprise.The head of state then met with the plant staff and posed for photographs together with them.+++As part of his visit to Sumgayit, President of the Republic of Azerbaijan Ilham Aliyev has viewed the conditions created at the seaside boulevard built in the city.Sumgayit residents approached the president and talked to him.