China has pledged to buy more U.S. goods to reduce America’s huge trade deficit and help avoid exacerbating a trade war between the world’s two biggest economies, with energy and commodities high on Washington’s list of products for sale, Reuters reports.

Baku will host international conference on “Energy security in South-East Europe and Balkan Region”.

Baku and Ankara are ensuring Europe’s energy security, the Turkish presidential administration told Trend May 21.

In January-April 2018, Azerbaijan imported 1,995 vehicles worth $36,778,700 from Georgia, up 5.5-fold from 2017, APA-Economics reports quoting National Statistics Office of Georgia.

The Central Bank of Azerbaijan (CBA) has announced result of today’s auction.

Trade turnover between Azerbaijan and Georgia in January-April 2018 amounted to $363,303,600.

The prices of main precious metals decreased in Azerbaijan on May 21, according to the data published by the country’s Central Bank.

Oil prices go up

During the NYMEX electronic trading operations, the WTI crude oil rose by $0.52 to $71.80 a barrel, APA-Economics reports.

Azerbaijan intends to redirect the flow of incoming tourists from the western direction to the regions of Russia, including the Altai region.

The European Bank for Reconstruction and Development (EBRD) is organising a loan together with the Clean Technology Fund (CTF) and the Asian Development Bank (ADB) to fund the construction of a 50 MW solar power plant in Baikonur in central Kazakhstan, a region known as the base for space exploration and a testing ground, the press service of EBRD said.

Gold price downs

The U.S. Dow Jones stock index fell by 0.22% to 24 713,98 points, S&P 500 by 0.09% to 2 720,13 points and NASDAQ by 0.21% to 7 382,47 points.

Official exchange rate of Azerbaijan’s national currency, the manat, against the US dollar was set at 1.7 AZN/USD for May 18, the Central Bank of Azerbaijan (CBA) said May 17.

In the first quarter of 2018, oil and gas from ACG and Shah Deniz continued to flow via subsea pipelines to the Sangachal Terminal.

In the first quarter of 2018, the Shah Deniz field continued to provide deliveries of gas to markets in Azerbaijan (to SOCAR), Georgia (to GOGC), Turkey (to BOTAS) and to BTC Company in multiple locations, BP-Azerbaijan told APA-Economics.

During the first quarter of 2018, SCP Expansion (SCPX) activities continued successfully along the pipeline route across Azerbaijan and Georgia, BP-Azerbaijan told APA-Economics.

In the first quarter of 2018, BTC exported around 63 million barrels (about 8.3 million tonnes) of crude oil loaded on 81 tankers at Ceyhan, BP-Azerbaijan reported.

Azerbaijan and Austria need to increase the share of non-oil sector in bilateral trade, President of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov said during the Azerbaijani-Austrian business forum May 17 in Baku.

Azerbaijan will open its wine house in Shanghai before the end of this year, President of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Rufat Mammadov told reporters in Baku May 17.

Many countries are demonstrating conservative position on cryptocurrencies, Deputy Chairman of Central Bank of Azerbaijan Alim Guliyev said on May 17. 

In the four months of 2018, AZN 6,619,900,000 was transferred to the state budget, AZN 5,966,000,000 was spent, Ministry of Finance reported.

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