Azerbaijan ranks first among five European countries to improve indicators of economic freedom BAKU, Azerbaijan, May 15Trend: Azerbaijan ranked first among the five European countries that significantly improved indicators of economic freedom in the 2020 Index of Economic Freedom, prepared by the Heritage Foundation, Trend reports citing a report on Tuesday.The country reportedly climbed 16 spots in the 2020 Index as a result of significantly higher ratings for business freedom, investment freedom and financial well-being.The assessment of economic freedom in Azerbaijan is 69.3 (44th position in the 2020 Index among 180 countries). The overall score increased by 3.9 due to significant [...]

Azerbaijan's second largest hydroelectric power plant is being reconstructed BAKU, Azerbaijan, March 15Trend: Azerenerji OJSC continues measures to eliminate the dangerous situation that has arisen in the reservoir of the Shamkir hydroelectric power station, the second largest hydroelectric power plant in the country, Trend reports citing Azerenerji OJSC."In order to eliminate the emergency situation, repair work on this reservoir began last year, which is carried out by a local company together with specialists from Azerenerji OJSC. Work is underway on reconstruction, concreting and repair of the reservoir. Today 90 percent of the work has been completed. Reconstruction of the facility [...]

6 more gold deposits to be commissioned in Azerbaijan Chairman of the Board of AzerGold CJSC Zakir Ibrahimov met with a delegation led by General Director of the Organization for Frontier Affairs of the Islamic Republic of Pakistan, Major General Kamal Azfar.Report informs citing AzerGold. At the meeting, it was noted that friendly and fraternal ties between the two countries are at a high level, there are great opportunities for cooperation in the economic sphere, especially in the mining sector.After informing in detail about the achievements of AzerGold CJSC in geological exploration, production and other areas, the launch of new [...]