Today.Az Covering Azerbaijan inside and outside Today.Az 10pct of electricity received from alternative sources in Azerbaijan Business Thu, 19 Jul 2018 18:00:00 +0400 By AzernewsBy Sara IsrafilbayovaToday, the share of renewable (alternative) energy sources in the electricity supply of Azerbaijan is 9.5 percent.Deputy Chairman of the Azerbaijan State Agency on Alternative and Renewable Energy Sources Jamil Melikov said at the Azerbaijan-Italy roundtable “Energy and Clean Technologies” in Baku, adding that it is mainly about water power plants.Melikov noted that the “Strategic Roadmap for the Future of the National Economy” envisages the creation of alternative sources for the production of 302 megawatts of solar energy, 50 megawatts of wind energy and 20 megawatts of bioenergy.Companies investing in this sphere will be exempted from paying taxes and customs duties for 7 years.For many millions of years, the planet in its bowels has accumulated a myriad of coal, hydrocarbons in the form of oil and natural gas. Mankind has learned to use this wealth for its purposes as sources of energy for the development of civilization.According to the most optimistic forecasts, by the middle of this century, we will reach a point where half of the world’s oil reserves will be pumped out.Humanity needs to switch to other sources of electricity production, not dependent on hydrocarbons. In other words, in the coming decades, it is necessary to actively seek out and use alternative sources of energy.Traditional sources transform into electric kinetic energy moving water - HPS and thermal energy of fuel - TPS, operating on oil, natural gas and coal. An alternative source of energy replaces traditional sources.These are the energy of water movement in the oceans and seas, wind, solar radiation, biomass, atom decay, etc. Wind energy is most often used in countries of Western Europe, the U.S., India, and China.For example, Denmark receives 25 percent of energy as a result of using wind. Solar power stations operate in more than 80 countries.So, the largest wind farm at the moment is located in the state of California (the U.S.), the total capacity of which is 1550 MW. An interesting fact is that over $100 billion have been invested in the world in 2008 in winds, sun and bioenergy.The idea of ??hydrogen energy, the production of electricity in photovoltaic cells located in near-earth orbit or on the Moon is being studied. Electricity will be transmitted to the Earth in the form of microwave radiation.Of the listed ways of obtaining alternative energy in Azerbaijan, solar and wind energy have started to develop.Under the leadership of the President of Azerbaijan Ilham Aliyev, the state program for the development of this type of energy until 2020 is being successfully implemented.The coastal zone of the Caspian Sea, the mountainous terrain allow to build several wind farms in the country. There is a wind farm with a capacity of 50 MW in Khizi. Duty-free objects in Uzbekistan to receive perpetual licenses World news Thu, 19 Jul 2018 17:45:00 +0400 By  TrendA draft resolution of Uzbek Cabinet of Ministers “On approving regulations on licensing the activity of a temporary storage warehouse, free warehouse and duty-free shop” has been posted on the website of the System for Assessing the Impact of Legislation Acts of Uzbekistan, Uzbek media reported.In accordance with the document, it is planned to simplify the licensing of tax-free and customs warehouses, as well as duty-free shops in Uzbekistan.It is proposed to approve new provisions on licensing these organizations, developed by the Uzbek State Customs Committee.The main innovation is that licenses are planned to be issued without a limitation period (presently, licenses are issued for 5 years) and through a set of information systems called “License.”If the resolution is approved, all organizations falling under its effect will have to undergo licensing under the new rules until January 1, 2019. Number of people residing in country with refugee status increase by 23pct Business Thu, 19 Jul 2018 17:33:00 +0400 By AzernewsBy Sara IsrafilbayovaThe number of foreigners arriving in Azerbaijan increased by more than 10 percent.Head of Azerbaijan’s State Migration Service Vusal Huseynov said made the remarks at an event dedicated to the results of the Service’s activities in the first half of this year.He noted that in the first six months of this year, 827,352 foreigners and stateless persons arrived in Azerbaijan.“This shows a 10 percent increase in the number of foreigners in the country,” Huseynov said, adding that this figure was 747,107 people in the same period last year.He added that in the first half of this year, 347,767 foreigners and stateless persons were registered at the place of their stay.“This also means a 10 percent increase compared to last year,” Huseynov said.He stressed that during the reporting period, a 25-percent increase was observed in the number of foreigners and stateless persons who received a permit for permanent residence in Azerbaijan.He went on to say that during the first half of 2018, 322 inquiries were received in respect of 640 persons in connection with the readmission of Azerbaijani citizens living abroad.This year the readmission of 206 Azerbaijani citizens was carried out, that is, they returned to the country, according to Huseynov.Further, the head of the service stated this year the number of people residing in Azerbaijan with refugee status increased by 23 percent.The head of the State Service noted that currently there are 75 people residing in Azerbaijan with refugee status, against 61 in the past year.Huseynov said that the State Migration Service made a decision regarding 9,603 foreigners and stateless persons, including Azerbaijani citizens who violated the requirements of the migration legislation.“This means a two per cent increase compared to the previous period,” the head of the State Service explained. Sergio Mattarella: Italy can become Azerbaijan’s reliable partner not only in trade Politics Thu, 19 Jul 2018 17:23:00 +0400 By  TrendItaly can become Azerbaijan’s reliable partner not only in trade, but also in the development of industrialization programs, diversification of the economy and additional potential in the field of hydrocarbons, Italian President Sergio Mattarella said.He made the remarks July 19 during the Azerbaijani-Italian business forum held in Baku in the Heydar Aliyev Center. The forum was attended by Azerbaijani President Ilham Aliyev.Diversification is one of the main goals of Azerbaijan, the Italian president said.In order to support this, Italy can offer its experience, technologies and skills to Azerbaijan, he added.As can be seen from the projects carried out in recent years by Italian companies, Italy has high legacy in the world in the energy sector, sphere of transportation of energy resources and chemical industry, he noted. Iran, Russia working to establish stock market corridor for investors – CSDI head World news Thu, 19 Jul 2018 17:17:00 +0400 By  TrendThe chairman of the Central Securities Depository of Iran (CSDI) said Iran and Russia are working to establish a stock market corridor for investors in the two countries to access each other's capital markets.Central Securities Depositories of Iran and Russia signed a Memorandum of Understanding in Moscow in April to develop cooperation in a vast range of issues, Hossein Fahimi told Trend.He added that establishing a stock market corridor for investors in the two countries to access each other's capital markets was among the main issues to be worked upon under this cooperation agreement."We have succeeded in implementing the first phase of the initiative (stock market corridor). The second phase of the plan includes distribution of securities issued jointly by Iran and Russia. This way the nationals of the two countries can access each other's capital markets," Fahimi said.He went on to add that the project will become operational after initial studies are completed.The chairman of the Central Securities Depository of Iran said Iran is also pursuing cooperation ?with Russia to exchange experience and information in the two countries’ capital markets, and develop cooperation between financial institutions and securities organizations of the two nations in the sphere of ?blockchaine technology.According to other terms of the agreement, they will also increase cooperation in the sphere of depositary and settlement operations, operational interactions in post-trade scenarios, such as corporate actions processing, including e-General Meeting and e-voting.On July 7, Iran and Russian central banks signed agreements to boost ties on new financial and monetary fronts as part of the latest Iran-Russia Banking & Financial Group Meeting.During the meeting, which took place between Hossein Yaqoubi Miab, Iran central bank’s deputy for international affairs and Bank of Russia deputy chief Dmitry Skobelkin in Tehran, the two sides signed a document to strengthen financial cooperation and remove the existing barriers in the way of normal banking relations.As reported by the CBI website, the agreement includes directions for reducing the time and paperwork involved for Iranian banks when they open accounts with their Russian peers. Any constructive contacts should contribute to achieving main goal of Karabakh conflict’s ... Politics Thu, 19 Jul 2018 17:07:00 +0400 By AzernewsBy Rashid ShirinovAny constructive contacts should contribute to achieving the main goal of the settlement of the Armenia-Azerbaijan Nagorno-Karabakh conflict, Spokeswoman for the Russian Foreign Ministry Maria Zakharova said at a press conference on July 18.She was commenting on the results of the recent meeting of Azerbaijani and Armenian foreign ministers in Brussels.“I would like to emphasize once again that the comments on the results of the meeting, about how fruitful, useful and promising it was, rest with the direct participants of the meeting. We welcome everything that both sides assess as a step towards the full settlement or at least the continuation of the dialogue,” Zakharova said.Azerbaijani Foreign Minister Elmar Mammadyarov and Armenian FM Zohrab Mnatsakanyan met in Brussels on July 11 under the mediation of the OSCE Minsk Group co-chairs Igor Popov of Russia, Stephane Visconti of France and Andrew Schofer of the U.S. The meeting was also attended by the Personal Representative of the OSCE Chairperson-in-Office Andrzej Kasprzyk. It is noteworthy that this was Mammadyarov’s first meeting with the new Armenian FM.During the meeting, the ministers exchanged views regarding the situation on the ground and discussed next steps and parameters for re-engaging in substantive negotiations. They agreed to meet again in the near future under the auspices of the co-chairs.The Nagorno-Karabakh conflict 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 regions. More than 20,000 Azerbaijanis were killed and over 1 million were displaced as a result of the large-scale hostilities. The 1994 ceasefire agreement was followed by peace negotiations.Until now, Armenia controls fifth part of Azerbaijan’s territory and rejects implementing four UN Security Council resolutions on withdrawal of its armed forces from Nagorno-Karabakh and surrounding regions. Ilham Aliyev: Azerbaijan very stable country politically, economically Politics Thu, 19 Jul 2018 16:53:00 +0400 By  TrendAzerbaijan is a very stable country both politically and economically, Azerbaijani President Ilham Aliyev said.He made the remarks July 19 during the Azerbaijani-Italian business forum held in Baku in the Heydar Aliyev Center. The forum was attended by Italian President Sergio Mattarella, who is on an official visit in Azerbaijan.Ilham Aliyev said that the overall economic development of Azerbaijan is very positive and successful.“Regarding the trade turnover, Italy is Azerbaijan’s number one trading partner,” President Ilham Aliyev said. “But we must admit that oil factor is the basis for this. Because Azerbaijan transports most of the oil to Italy, and thus, the trade turnover is estimated in great numbers. However, we want our trade turnover to be multifaceted.” President Aliyev: Foreign investments protected at high level in Azerbaijan Politics Thu, 19 Jul 2018 16:30:00 +0400 By  TrendThe investment climate in Azerbaijan is very good, and foreign investments are protected at a high level within the law, Azerbaijani President Ilham Aliyev said.He made the remarks July 19 during the Azerbaijani-Italian business forum held in Baku in the Heydar Aliyev Center. The forum was attended by Italian President Sergio Mattarella, who is on an official visit in Azerbaijan.The Azerbaijani president noted that there are quite a lot of plans regarding the industrial and economic development of Azerbaijan.“The process of industrialization is taking place at a very high pace in Azerbaijan,” he said. “Of course, we need very good, reliable, experienced partners. Italian companies are among such partners. That’s because they have long been connected with Azerbaijan, they have very good reputation and the highest technological capabilities.” Kazakhstan, Italy may launch new direct flights World news Thu, 19 Jul 2018 16:24:00 +0400 By  TrendKazakhstan and Italy discuss the possibility of opening direct flights from Almaty to Milan and from Astana to Rome, said the Italian Ambassador to Kazakhstan Pascual D'Avino during a meeting with the mayor of Astana Aset Isekeshev, the Mayor's Office said in a message."The presence of a direct flight is expected to give and impetus to active relations between our cities. We continue assessments of opening of direct Almaty - Milan and Astana-Rome flights," said the Italian Ambassador.In addition, the sides discussed issues of strengthening trade, economic, cultural and humanitarian ties.Isekeshev congratulated the diplomat on his appointment and expressed confidence in the further strengthening and expansion of cooperation between Kazakhstan and Italy."Dynamic development of Astana, investment attractiveness and significant innovative potential are important advantages of our city. Today, Italy is already one of Kazakhstan's main trading partners, and we will be very happy to support all possible relations between the countries in the future, "said Akim of Astana.D'Avino also said that the Italian side considers opening of the Italian Institute of Culture in Astana.Bilateral trade between Kazakhstan and Italy amounted to $9.6 billion in 2017, which is 16 percent more compared to the same indicator of 2016. Uzbekistan, Kyrgyzstan to co-op in social sector World news Thu, 19 Jul 2018 16:16:00 +0400 By  TrendThe Off-Budget Pension Fund under the Uzbek Finance Ministry and the Social Fund of Kyrgyzstan signed an agreement on cooperation in the field of social insurance and pension provision, UzDaily news agency reported.The document was signed with the aim of developing friendly relations, regulating cooperation and informational support regarding provision of pensions, during an international conference on the development of pension systems held in Bishkek city.Such institutions as the International Association of Pension and Social Funds, the International Social Security Association (ISSA), the Eurasian Economic Commission (EEC), as well as representatives from social and pension institutions of Georgia, Moldova, Kyrgyzstan, Russia, Kazakhstan and Tajikistan took part in the conference.During the meeting, features, problems, achievements and prospects for the development of the pension systems of the CIS countries, social and economic trends affecting the pension provision system, the digitization of the economy and the social sphere, as well as labor migration and the systems for preserving the pension rights of migrant workers were discussed.Yorkin Tursunov, executive director of the Off-Budget Pension Fund under the Uzbek Finance Ministry, delivered speech at the conference with the thematic report "The Pension System of the Republic of Uzbekistan: The Concept of Pension Reform." IAEA’s inspection of Iranian university confirmed World news Thu, 19 Jul 2018 16:00:00 +0400 By  TrendIran’s Minister of Science said that the inspection of one of Iran’s universities by the International Atomic Energy Agency (IAEA) was carried out upon the decision of the Supreme National Security Council, Mehr news agency reported.Minister of Science, Research and Technology, Mansour Gholami, implicitly confirmed the IAEA’s inspection of one of the Iranian universities, adding “such decisions are made by the Supreme National Security Council, and all organizations are required to follow them.”He added that the inspection of the university in question had not been coordinated with the Ministry of Science and the university had not reported back to the Ministry.On Monday, Fars News Agency reported that the IAEA’s inspectors had made a visit to Iran University of Science and Technology (IUST) in Tehran, quoting an IUST faculty member as saying that another inspection had been made at Sharif University of Technology – known as Iran’s leading institution for engineering and physical science disciplines – without the knowledge of the press. Turkey halts state of emergency in the country World news Thu, 19 Jul 2018 15:43:00 +0400 By  TrendThe state of emergency in Turkey, introduced two years ago, ceased to operate, Turkish media reported.The state of emergency ceased to operate July 19 at 01:00 (GMT +3).Earlier, Turkish Presidential Spokesman Ibrahim Kalin said that the state of emergency may be resumed in case of a terrorist threat.The state of emergency was introduced in Turkey following the military coup attempt in 2016.A group of rebels attempted a military coup on the night of July 16, 2016 in Turkey. The main fighting took place in Ankara and Istanbul. More than 250 Turkish citizens were killed, more than 2,000 people were injured, the rebellion was suppressed.The state of emergency in Turkey was extended for the seventh time in April this year. SOFAZ budget amended Business Thu, 19 Jul 2018 15:32:00 +0400 By AzernewsBy Sara IsrafilbayovaThe 2018 budget of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was amended by the Decree of Azerbaijani President Ilham Aliyev dated July 17, 2018.In accordance with the Decree, for the purpose of specify the revenues and expenditures of  SOFAZ’s 2018 budget the revenues of the Fund from the sale of Azerbaijan’s share of hydrocarbons has increased to 13.307 billion manats ($7.83 billion) from the previously stated 9.723 billion manats ($5.72 billion), revenue item on acreage fees paid by foreign investors for use of the contract areas for the development of hydrocarbon resources has increased to 4.08 million manats ($2.4 million) from the previously stated 3.612 million manats ($2.12 million), revenues from transportation of oil and gas through the territory of Azerbaijan has increased to 17.37 million manats ($10.22 million) from the previous 16.34 million manats ($9.61 million), revenue item on SOFAZ’s asset management has increased to 1.216 billion manats ($715.3 million) from the previous 1.042 billion manats ($612.94 million), revenues on oil and gas agreements signature or performance bonuses paid by investors has increased  to 765,228 manats ($450,130) from the previous 774,172 million manats ($455,400). The total revenue of SOFAZ’s 2018 budget, therefore, has increased from 11.559 billion manats ($6.8 billion) to 15.310 billion manats ($9.005 billion).In accordance with the decree the highest limit of the transfer payment to the 2018 state budget of the Republic of Azerbaijan has increased from 9.216 billion manats ($5.42 billion) to 10.966 billion manats ($6.45 billion).The total expenditures of SOFAZ’s 2018 budget has increased from the previously stated 9.730 billion manats ($57.23 billion) to 11.480 billion manats ($6.75 billion).SOFAZ was established under the Presidential Decree, dated December 29, 1999, “On Establishment of the State Oil Fund of the Republic of Azerbaijan.” The main purpose of the establishment of the Fund was to preserve and multiply the income derived from oil, create an excellent economic base, taking into account social needs, the requirements of economic progress and development of the country. Besides, the challenge ahead is to protect the country's economy from possible negative influences caused by the growth of foreign exchange earnings and avoidance of damage to financial discipline. President Aliyev: Italy, Azerbaijan very close friendly, partner countries Politics Thu, 19 Jul 2018 15:16:00 +0400 By  TrendItaly and Azerbaijan are very close friendly and partner countries, Azerbaijani President Ilham Aliyev said.He made the remarks at the Azerbaijani-Italian business forum July 19 in the Heydar Aliyev Center together with Italian President Sergio Mattarella.“Dear Mr. President, distinguished guests, ladies and gentlemen,” Ilham Aliyev said. “Once again, dear Mr. President, I cordially welcome you to Azerbaijan. Your visit is very important. During the discussions held during yesterday’s meeting, we once again saw that Italy and Azerbaijan are very close friendly and partner countries.” National pianist conquers Poland and Hungary Arts & Entertainment Thu, 19 Jul 2018 15:15:00 +0400 By AzernewsBy Laman IsmayilovaAzerbaijani pianist Elchin Shirinov and a trio of famous Hungarian jazzmen are on tour in Poland and Hungary.The trio includes Andras Des (percussion), Marton Fenyvesi (electric & acoustic guitar), and Matyas Szandai (Double bass).The musicians performed with a concert in Krakow, and now it is taking part in Voicingers 2018 International Jazz Contest in Zory.Elchin Shirinov is also a member of the jury of the festival.  He conducted a master class on yoga and jazz improvisations for Polish youth.“During the break, I was asked to teach them Azerbaijani composition and the first thing that came to mind is the song of Samad Samadov "Bak?l? balas?yam", because I missed Baku very much,” Elchin told Trend Life.The quartet of Shirinov will also be held in the cities of Nagykanizsa (July 25), Pecs (July 26), Capolcha (July 27) and at the Jazz Opus Jazz Club international festival in Budapest.Elchin Shirinov and a trio of famous Hungarian jazzmen repeatedly participated in foreign festivals.  In 2016 an album "Maiden Tower" was released in Budapest. It was also presented to listeners at Baku Summer Jazz Days 2018.Elchin belongs to the new generation of Azerbaijani jazz musicians, who combine elements of post-bop jazz, blues and funk.The pianist and composer was tutored by great musical talents such as Vagif Sadikhov, Aaron Goldberg, Kevin Hays, Jean Michel Pilc, and Yakov Okun.Throughout Shirinov’s mellifluous extemporizations and pianistic pyrotechnics entranced the jazz cognoscenti in the crowd, particularly in his variations around the folksong Gul Achdi.He went on to give a very individual interpretation of two of the most popular Azerbaijani folksongs Sari Gelin and Durna; and included his reflective self-penned compositions Waiting and Muse in his set, many of which featured the sound of the Melodica, a wind-operated keyboard that makes an accordion-like sound, which he balanced on top of the grand piano.Many music enthusiasts from France, Switzerland, Germany, Malaysia and other countries, where he praised the national jazz, already familiar with his unusual talent. Park in honor of national singer appears in Kiev Arts & Entertainment Thu, 19 Jul 2018 15:08:00 +0400 By AzernewsBy Laman IsmayilovaAzerbaijan is interested in implementing new projects in the field of culture with Ukraine and is ready to support it. Tourism and Culture Minister Abulfas Garayev, who is on a visit to Kiev, made the statement at the meeting with Ukrainian Culture Minister Yevhen Nyshchuk.Garayev said that cooperation between Azerbaijan and Ukraine in cultural, humanitarian and other spheres is developing.The minister said that during the year, Azerbaijan and Ukraine implement dozens of projects in the field of culture. The number of cultural projects may be increased.Yevgeny Nishuk expressed his satisfaction with the dynamic development of relations between the two countries."Azerbaijan is implementing many successful projects in the field of culture. We are learning from this experience and are ready to implement joint projects, "he added.Within the visit a park named after the world-famous opera and pop singer of Azerbaijan Muslum Magomayev solemnly opened in Kiev on July 18.The opening ceremony was attended by the two ministers, the Deputy Chairman of the KSCA Alexander Spasibko, artists from Azerbaijan, Uzbekistan, Kazakhstan, Ukraine and others.“This is a great day for the cultures of Ukraine and Azerbaijan, because one more symbol of mutual respect for each other's cultures opens. A monument to the musician with a capital letter Muslim Magomayev is opening in one of the most remarkable corners of Ukraine", Garayev said.In his speech, Spasibko stressed that Kiev and Baku are sister cities since 1997.“I am convinced that the public garden named after Muslim Magomayev will be an invaluable gift for Kyivans and visitors of the city - millions of fans of the talent of the legendary singer and composer,” he said.Almost a hundred people gathered to honor the memory of an outstanding musician.A gala concert with the participation of artists from Ukraine, Azerbaijan, Kazakhstan, Uzbekistan and other CIS countries was held as part of the event. Muslim Magomayev, dubbed the "King of Songs" and the "Soviet Sinatra" achieved iconic status in Russia and the post-Soviet countries, including his native Azerbaijan.His vocal talent and charisma won the hearts and minds of audiences around the world.A very important stage in mastering his vocal skills even further was his training in the "La Scala" Opera Theater in Milan. Muslim's stay in Italy – a country of innumerable art treasures and the home of belcanto – in the 1960s did benefit not only for his singing, but also affected his inner world.He remained among the main supporters of the Italian school of singing throughout his life. Magomayev splendidly sang the leading arias of Figaro, Scarpia, Mephisto, Onegin.The "Soviet Sinatra" Magomayev was one of the youngest recipients of the highest artistic title, People's Artist of the USSR. He also received numerous awards for his contribution to opera and popular music in the Soviet Union.The legendary singer died of a heart failure in Moscow on October 25, 2008 and was laid to rest in Baku. Azerbaijani oil prices down on July 18 Business Thu, 19 Jul 2018 14:52:00 +0400 By  TrendThe price of the AZERI LT CIF oil, produced at the Azeri-Chirag-Guneshli block of oil and gas fields, amounted to $73.14 dollars per barrel at the Italian port of Augusta on July 18, that is $0.2 less than on July 17, a source in Azerbaijan’s oil and gas market told Trend July 19.The AZERI Light FOB Ceyhan oil price was $72.40 per barrel on July 18, or $0.15 less than the previous price.Azerbaijan has been producing AZERI LT since 1997 and exports it via the Baku-Tbilisi-Ceyhan and Baku-Supsa pipelines, as well as by rail to the Georgian port of Batumi.Azerbaijan also exports URALS oil from Russia’s Black Sea port of Novorossiysk. The oil is delivered there via the Baku-Novorossiysk pipeline.The price for URALS-NOVO was $68.61 per barrel on July 18, or $0.06 less than the previous price.The price for a barrel of Brent Dated, produced from the North Sea, stood at $70,54 per barrel on July 18 or $0,63 less than the previous price. New online service now available for taxpayers in Uzbekistan World news Thu, 19 Jul 2018 14:36:00 +0400 By  TrendIt is now possible to obtain or replace an individual taxpayer number for individuals on the Single Portal of Interactive State Services of Uzbekistan (SPISSU), " " reported referring to the Ministry for Development of Information Technologies and Communications of Uzbekistan."This service allows users to apply for a new taxpayer identification number (TIN) or to replace data in a short time, without visiting the tax committee bodies," the Ministry noted.Now, the citizens of Uzbekistan do not have to visit the tax committee bodies for making changes to the current TIN, for changing the name or personal passport data. This can be done at home through SPISSU or by visiting the nearest office of the Public Services Center.For registration with the bodies of the State Tax Committee with the assignment of the taxpayer identification number or the introduction of changes in the registration details, a user must choose the necessary option (registration or change of registration details), fill in an electronic application form, attache a scanned copy of the passport, and then send an electronic application to the state tax inspectorate at the main place of residence.The individual will receive at the email specified in the application the certificate on registration in bodies of the state tax committee within one day from the date of filing of the application. Presidents of Azerbaijan, Italy review exhibition in Heydar Aliyev Center Politics Thu, 19 Jul 2018 14:34:00 +0400 By  TrendThe Heydar Aliyev Center in Baku hosted the opening of the Treasure of Eternity exhibition dedicated to the great son of the Azerbaijani people, military leader and poet Shah Ismail Khatai.Azerbaijani President Ilham Aliyev and his wife Mehriban Aliyeva, Italian President Sergio Mattarella and his daughter Laura Mattarella reviewed the exhibition. Oil prices fall amid record U.S. output, stockpile build Business Thu, 19 Jul 2018 14:22:00 +0400 By  TrendOil prices dropped on Thursday after official data showed an unexpected rise in U.S. crude stockpiles and as U.S. output scaled record levels, Reuters reports.Brent crude futures had fallen 21 cents, or 0.3 percent, to $72.69 a barrel by 0615 GMT. West Texas Intermediate (WTI) crude futures declined 7 cents, or 0.1 percent, to $68.69.The U.S. Energy Information Administration on Wednesday reported that U.S. crude oil production reached 11 million barrels per day (bpd) for the first time. The country has added nearly 1 million bpd in production since November, thanks to rapid increases in shale drilling.More is likely to come to market before long, Rystad Energy said.“We are still bullish on U.S. shale, though we expect to see a temporary plateau in 2019 due to the bottlenecks of pipelines and, indeed, manpower and drivers,” said Yosuke Uehara, vice-president at Rystad Energy in Japan.A sharp jump in U.S. crude oil inventories also added to the bearish tone in the market.U.S. crude stocks rose by 5.8 million barrels last week, compared with a forecast of a decline of 3.6 million barrels.Although both crude benchmarks had climbed 1 percent on Wednesday, with other EIA data showing U.S. gasoline stockpiles fell along with supplies of distillate fuels.U.S. gasoline inventories dropped by 3.2 million barrels last week, while distillate stockpiles, which include diesel and heating oil, declined by 371,000 barrels, the EIA said.A Reuters poll taken before the data release had forecast that gasoline stocks would be unchanged and distillate stockpiles would show a build of around 900,000 barrels.Meanwhile, OPEC and non-OPEC’s compliance with oil output curbs declined to around 120 percent in June from 147 percent in May, two sources familiar with the matter told Reuters on Wednesday. OPEC reaches conformity level of 121% World news Thu, 19 Jul 2018 14:13:00 +0400 By  TrendParticipating countries in the Declaration of Cooperation to cut oil output have achieved a conformity level of 121 percent in June 2018, said the Joint Ministerial Monitoring Committee (JMMC).The JMMC also considered market conditions for the month of July as well as individual country production levels for this month and was satisfied that overall performance will not deviate from the 100 percent conformity targeted by the decision reached at the 4th OPEC and Non-OPEC Ministerial meeting on June 23.The committee decided to continue closely monitoring oil market conditions and developments with a view to improve market stability for the benefit of producers, consumers and the global economy at large.The committee reaffirmed its intent to strive to achieve an overall conformity level of no less than 100 percent. Furthermore, the JMMC decided to hold monthly meetings (physically or by teleconference) with the objective of more closely monitoring the market and recommending appropriate response measures.The JMMC was established following OPEC's 171st Ministerial Conference Decision of 30 November 2016, and the subsequent Declaration of Cooperation made at the joint OPEC/ and participating Non-OPEC Producing Countries' Ministerial Meeting held on 10 December 2016. Through the Declaration, 11 (now 10) non-OPEC oil producing countries and OPEC's 13 (now 15) Member Countries decided on voluntary production adjustments of around 1.8 million barrels per day as part of efforts to accelerate the stabilization of the global oil market.The next teleconference Meeting of the JMMC will take place on 20 August following the Meeting of the JTC the same day. Production of agricultural products in Kazakhstan’s Northern region increases World news Thu, 19 Jul 2018 13:59:00 +0400 By  TrendThe output of agricultural products in the North-Kazakhstan region in January-June 2018 increased by 3.6 percent, the Department of Statistics of the country said in a message.The volume of gross agricultural output for the indicated period amounted to 62.1 billion tenge.The volume of produced meat of all types of livestock and poultry amounted to 33,900 tons, cow milk – 251,600 tons, chicken eggs - 370.1 million pieces.Production of flour, mineral water and non-alcoholic beverages increased 1.6 times, production of processed milk and cream increased by 35.2 percent, macaroni - by 20.6 percent.North Kazakhstan region is one of 14 regions of Kazakhstan with the population totaling 597,000 people. It borders with three regions of Russia and three regions of Kazakhstan: with Kurgan, Tyumen and Omsk regions of Russia in the north, Pavlodar region of Kazakhstan in the south-east, Akmola region in the south, Kostanay region in the west.Petropavlovsk is the administrative center of the region.The region is a part of the North-Kazakhstan uranium-ore, diamond-bearing and tin-rare metal province. Considerable reserves of mineral raw materials are detected which take the following shares of the balance of Kazakhstan. Poachers fined for illegal hunting Society Thu, 19 Jul 2018 13:45:00 +0400 By AzernewsBy Arzu AbdullayevaAzerbaijan’s nature habitants, rich in biological multiplicity, especially in terms of wild animals and birds, can be objects for hunting. However, hunting on the territory of the country is allowed only within a hunting sector and only during the hunting season, which is opened by the decision of the Ecology and Natural Resources Ministry.The hunting season 2018-2019 was declared open on May 26 and will last until March 16, 2019.Despite the fact that hunting is prohibited in some areas of the country as well as the Caspian Sea islands, green zones, protected areas including National Parks and reserves, there are some who still violate these rules.In   July, the Ministry has revealed two people engaged in illegal hunting.  A rifle and six cartridges were seized with penalty submitted in the amount of 1,000 manats ($590) in the Gizilagach State Nature Reserve. Another act of illegal hunting, this time fish catching, was observed in the Mahmutchala Hunting Farm, with penalty of 700 manats ($411).Foreigners are allowed to hunt in the territory of the country if they have hunting permission provided by the Ministry. Hunting tours are arranged by local tourism companies, helping foreigners with issues concerning permission, transport, and equipment.In order to preserve fauna of the country raids are being carried out by the employees of the Department of Biodiversity Conservation and Specially Protected Natural Areas of the Ministry of Ecology and Natural Resources, to investigate the state of compliance with the Law of the Republic of Azerbaijan "On hunting".Popular hunting regions in the country include Shamakhi, Sheki, Oguz, Gakh, Imishli, Gubin, and Ismayilli.Last season about 450 licenses were granted for hunting rabbits, 860 for water birds, and the rest for hunting wild boars and the Dagestan tour. In addition, 240 licenses were granted for foreign tourists.As of 2017, the fine for illegal hunting was increased by 20 times in the country.Hunting, done without proper authorization or in restricted areas, or in the forbidden time, or by prohibited tools and methods, and if this act entailed causing significant damage, is punished with a fine in the amount of 2,000 to 3,000 manats ($1,185-$1.777).The illegal catching of a fish or other water animals, causing damage in the significant size [the sum starting from 400 manats ($235) up to 1,000 manats ($587)] is punished by the penalty at a rate from 2,000 ($1,175) up to 3,000 ($1,762) manats.If these acts committed by a person with use of the service position or on preliminary arrangement by group of persons or by organized group, it is punished by the penalty at a rate from 1,000 ($587) up to 2,000 manats ($1,175), or with imprisonment for the term from 2 up to 5 years with deprivation of the right to hold the certain posts or to engage in the certain activities for the term up to 3 years. Support of producers to improve food safety in Azerbaijan Business Thu, 19 Jul 2018 13:37:00 +0400 By AzernewsBy Sara IsrafilbayovaThe support of operators within the entire food supply chain will further improve food safety in Azerbaijan.Melek Chakmak, head of the Food and Agriculture Organization (FAO) of the United Nations representative office in Azerbaijan told Trend that farmers, producers, traders and other subjects of the food supply chain should be provided with state support.She went on to say that the creation of an effective and competent agency for food safety is only the first step.“This can be achieved through various trainings, program development and general rules for effective manufacturing practices in various sectors, as well as public awareness campaigns and other activities in various FAO projects. It is important to support operators throughout the food supply chain,” said Chakmak.In addition, she noted that another important aspect is proper border control under the new conditions.Further, touching upon the activities of the FAO in Azerbaijan, she said that currently the organization is implementing projects in the country to strengthen phytosanitary inspections and diagnostic services, the preparation of a national strategy for land consolidation and the implementation of the relevant pilot project, capacity building in the development, monitoring and evaluation of agricultural policies and programs.According to Chakmak, FAO is also working in Azerbaijan to develop programs for adaptation to climate change, a draft assessment and monitoring of forest resources to strengthen forest policy and knowledge in this area, and also helps strengthen the fight against locusts in the country.Chakmak noted that the implementation of the above projects will continue in 2019.The FAO is specialized agency of the UN that leads international efforts to defeat hunger.The goal is to achieve food security for all and make sure that people have regular access to enough high-quality food to lead active, healthy lives. With over 194 member states, FAO works in over 130 countries worldwide.Azerbaijan has been the member of FAO since October 1995. FAO’s partnership with the country is focused on six priority areas, that include the promotion of women's representation in rural organizations and income-generating activities for rural women as a cross-cutting issue: Animal health and plant protection; Supporting investments in agriculture, food security and rural development; Capacity development, including agricultural education, research and extension; Strengthening the policy and institutional framework for agriculture and rural development; Improved crop, fisheries and livestock production; Sustainable, equitable and efficient forestry, land and water resource management. Iran’s medicine production may suffer major setback – official World news Thu, 19 Jul 2018 13:23:00 +0400 By  TrendThe head of the Syndicate of Iranian Pharmaceutical Industries said the country’s medicine production might suffer a major setback in the near future if the government does not increase its support for pharmaceuticals and related industries."The government owes 4,000 billion rials to the pharmaceutical industry," Faramarz Ekhteraei told ILNA.Criticizing the government for failing to address the problems of the medicine industry and paying its heavy debts to the pharmaceutical firms in Iran, he said, "If the debts are not immediately paid, there will be no production"."The main problem that we are facing today is our financial claims from the government," the official said.Ekhteraei called on the government to pay its dues and revive the failing industry.Recently, a member of Parliament Health and Treatment Commission said there were 60 major pharmaceutical firms in Iran and the government owes huge debts to most of these companies as well as insurances.In recent years, Iranian private companies have started production of biological pharmaceuticals. The country has also a relatively advanced herbal medical basis thanks to its vast floral resources.The pharmaceutical industry is regulated by the government, where production and importation of drugs is heavily subsidized. Iran to overhaul, manufacture up to 800 tanks: Defense Ministry World news Thu, 19 Jul 2018 13:10:00 +0400 By  TrendIran’s Defense Ministry says it plans to overhaul and manufacture up to 800 tanks as part of the country’s plans to boost its defense power, Press TV reported.The Iranian Army and the Islamic Revolution Guards Corps (IRGC) will receive between 700 to 800 domestically-built tanks, including Karrar (Striker), Deputy Defense Minister Reza Mozaffari-Nia said, Tasnim news agency reported on Wednesday.He said that Iran manufactures 50 to 60 tanks every year as demanded by the army and the IRGC.Iran unveiled Karrar, its most advanced domestically-manufactured tank of amphibious mobility, in March 2017.The then defense minister, Brigadier General Hossein Dehqan, said Karrar was among the most advanced tanks in the world because of its remarkable features.Its firepower, precision and mobility, Dehqan said, were comparable to the most state-of-the-art of its kind in the world.Among the tank’s features, Dehqan enumerated its electro-optical fire control system, laser-aided distance measurement capability, and the capability to strike either mobile or fixed targets in both nighttime and daytime.Iran has over the past years made major breakthroughs in its defense sector and attained self-sufficiency in producing important military equipment and hardware.The Islamic Republic says its military power poses no threat to other countries and is merely based on the doctrine of deterrence.'Iran vows crushing response to aggressors'Meanwhile, Iranian Defense Minister Brigadier General Amir Hatami said the Islamic Republic would give "a crushing response" to any act of aggression against the country.“The Armed Forces, which enjoy modern and advanced equipment, are fully prepared to give a crushing response to any ill-wishing aggressor,” the Iranian minister said on Wednesday as he visited an exhibition of defense industries.“We advise the Islamic establishment’s enemies to respect national sovereignty and the dignity and will of the Iranians, because our proud nation has proved throughout history that it is not an aggressor but will severely punish aggressors,” Hatami said.He also praised Iran’s defense industry as one of the best in the world and said the weapons and defense equipment manufactured in the country have indigenous capabilities commensurate with the geographical condition of the country and based on the requirements of the Armed Forces. Laura Mattarella awarded with "Shohrat" Order Politics Thu, 19 Jul 2018 12:50:00 +0400 By  TrendAzerbaijani President Ilham Aliyev has signed an order to award "Shohrat" Order to Laura Mattarella for her activities rendered to the strengthening of humanitarian relations between the Republic of Azerbaijan and the Italian Republic. China to continue cooperation with Iran on JCPOA - envoy World news Thu, 19 Jul 2018 12:34:00 +0400 By  TrendIt is China's clear policy to continue cooperation with Iran within the nuclear deal framework, the Chinese envoy to Tehran said, IRNA reported.'Certainly we continue to support the nuclear deal, that's our clear position,' Pang Sen said in an exclusive interview with the Islamic Republic News Agency (IRNA) referring to the deal Iran and the world major powers signed in 2015.Under the deal, known as the Joint Comprehensive Plan of Action (JCPOA), Iran agreed to curb its nuclear program in exchange for economic sanctions relief.US President Donald Trump withdrew from the deal in May, calling it the worst deal ever. Washington has also re-imposed the economic sanctions the first set of which will take effect on August 6.'The Chinese foreign minister Wang Yi in Vienna attending the ministerial meeting, made clear China's position that we will support JCPOA,' he said.The Chinese senior diplomat noted that 'US unilateral step will not enjoy China's support', referring to the sanctions re-imposed on Iran.'The move has been opposed by many countries, including China, Russia, EU, UK, Germany and France,' he said.'In the Past, China and Iran have had very good relations and cooperation in many areas, including political, economic, and cultural exchanges,' he said.The unilateral sanctions of the US certainly will make the environment of cooperation between China and Iran more complex, according to the diplomat. 'But the two countries will work to overcome the obstacles to continue the cooperation.' Kazakhstan starts to supply flour to Afghanistan through new railway route World news Thu, 19 Jul 2018 12:21:00 +0400 By  TrendKazakhstan has started to supply flour to Afghanistan through the new railway route, the press service of Kazakhstan Railways JSC reported July 18.A flour-laden train has been sent from Kostanay station to Afghanistan, and the train will pass through the territory of Kazakhstan and Turkmenistan, according to the report.The length of the Kostanay-Bolashak-Serhetabad (Turkmenistan) route is more than 3,500 kilometers. The train includes more than 50 railcars carrying a cargo with the net weight of 3,300 tons."Kazakhstan holds a leading position in the world for the production of grain," acting Deputy Director General for Operations of KTZ-Freight transportation JSC Mukhtar Zhambulov said. "The main task of the railway is to ensure timely and high-quality transportation of agricultural products, including this strategic cargo. The development of transportation through the new route will increase the transit potential of Kazakhstan, reduce the turnover and accelerate the return of rolling stock by 2-2.5 times."Some 4.2 million tons of grain have been exported since the beginning of this year, which is 56 percent more than last year. Some 1.2 million tons of flour have been transported, which is 8 percent more than last year.The products of Kazakh agricultural manufacturers are sent mainly to Uzbekistan, Tajikistan, Afghanistan and Iran. Azerbaijani defense minister meets personal rep of OSCE Chairperson-in-Office Politics Thu, 19 Jul 2018 12:01:00 +0400 By  TrendAzerbaijan’s defense minister, Colonel General Zakir Hasanov has met with Personal Representative of the OSCE Chairman-in-Office Andrzej Kasprzyk, Azerbaijan’s Defense Ministry said in a message July 18.During the meeting, an exchange of views was held on the current situation at the contact line of the troops, the results of the monitoring and the settlement of the Armenia-Azerbaijan Nagorno-Karabakh conflict.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. Number of registered cars in Kazakhstan increases World news Thu, 19 Jul 2018 11:42:00 +0400 By  TrendThe number of registered cars in Kazakhstan amounted to 332,908 in January-May 2018, which is 67.9 percent more than in the same period of 2017, the Committee on Statistics of the Ministry of National Economy of Kazakhstan said in a message.As of June 1 of this year, the number of registered cars in Kazakhstan amounted to 3.8 million.Kazakh insurance companies for compulsory insurance of civil liability of vehicle owners made 28,000 insurance payments worth 10.1 billion tenges, in January-May 2018.The country also registered 5,565 road accidents, which is three percent less than in the same period of 2017. However the accident caused injury of 7,800 people. GM Uzbekistan creates testing laboratory for Uzbek automotive industry World news Thu, 19 Jul 2018 11:27:00 +0400 By  TrendUzbek automaker GM Uzbekistan has launched a central testing and measuring laboratory for free testing and certification of localizable parts of cars, the "" portal reported.The laboratory has been established in order to create additional opportunities for entrepreneurs who want to start activities for localization of the production of components of cars.The laboratory is equipped with modern devices and equipment of high accuracy and reliability, employs highly qualified specialists who have passed training courses of the "Uzstandard" Agency and other specialized agencies.The laboratory has the necessary modern equipment for testing samples of parts for light resistance, corrosion resistance, weather resistance, tension and compression.Also, an information resource center has been launched under the laboratory, where the qualified information support on testing of localized parts can be obtained.The laboratory is accredited by “Uzstandard” Agency until 2020 and certified by Turkish Accreditation Agency TURKAK in accordance with ISO/IEC 17025:2007 standard. Azerbaijani, Italian presidents attend business forum in Baku Politics Thu, 19 Jul 2018 11:16:00 +0400 By  TrendAzerbaijan-Italy business forum was held at the Heydar Aliyev Center in Baku July 19.Azerbaijan’s President Ilham Aliyev and Italian President Sergio Mattarella, who is on an official visit to the country, attended the business forum.Azerbaijan’s First Lady Mehriban Aliyeva and daughter of Italian president Laura Mattarella also took part in the event.Azerbaijan’s President Ilham Aliyev and Italian President Sergio Mattarella addressed the business forum. Kazakhstan to implement new simplified taxation regime for self-employed World news Thu, 19 Jul 2018 11:16:00 +0400 By  TrendKazakh government will adopt a new simplified taxation regime for the self-employed, whose incomes are less than 12 times the monthly wage, said the Deputy Chairman of the State Revenue Committee of the Ministry of Finance of Kazakhstan Madi Takiyev, according to the press service of the Prime Minister of Kazakhstan.According to him, to date, the Ministry of Labor and Social Protection of the population, finance, energy are preparing a large block of amendments, where a special tax regime will operate for the self-employed."All those self-employed, who are not in our field of vision, will make a single aggregate payment," said Takiyev.Deputy Chairman of the Committee assured that presently all state employees provide a declaration on property.In addition, he said that a taxpayer must also provide data on cash."Show all your cash that you keep at home. If the amount exceeds 500 monthly calculation index, which is about 12 million tenge, then you need to keep this amount in a bank," said Takiyev.The implementation of universal declaration for all citizens of Kazakhstan is scheduled for January 1, 2020. Azerbaijani fighter wins bronze at Kung Fu - Wushu - Tai Chi World Championship Sports Thu, 19 Jul 2018 10:59:00 +0400 By  Azertac Azerbaijani fighter Ilgar Najafli has claimed a bronze medal at the Kung Fu - Wushu - Tai Chi World Championship in Orlando, the U.S.He secured the medal in the men’s wushu event. Azerbaijan name squad for EWF Youth&U15 Weightlifting Championships-YOG Qualification Event Sports Thu, 19 Jul 2018 10:33:00 +0400 By  Azertac Azerbaijan have named a squad for the EWF Youth and U15 Weightlifting Championships-YOG Qualification Event to be held in Milan, Italy from July 22 to 29.Azerbaijan’s squad includes 25 weightlifters.The tournament will bring together 388 athletes from nearly 40 countries. President Aliyev awards "Dostlug" Order to Italian FM Politics Thu, 19 Jul 2018 10:26:00 +0400 By  TrendAzerbaijani President Ilham Aliyev has signed an order to award "Dostlug" Order to Minister of Foreign Affairs and International Cooperation of the Italian Republic Enzo Moavero Milanesi for outstanding services rendered to the strengthening of intergovernmental relations between the Republic of Azerbaijan and the Italian Republic. Armenia violates ceasefire with Azerbaijan 90 times Politics Thu, 19 Jul 2018 10:24:00 +0400 By  TrendOver the past 24 hours, Armenia’s armed forces have 90 times violated the ceasefire along the line of contact between Azerbaijani and Armenian troops, the Azerbaijani Defense Ministry said July 19.Armenia’s armed forces were using heavy machine guns.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. Italian President awarded with "Heydar Aliyev" Order Politics Thu, 19 Jul 2018 10:21:00 +0400 By  TrendAzerbaijani President Ilham Aliyev has signed an order to award "Heydar Aliyev" Order to President of the Italian Republic Sergio Mattarella for special services rendered to the development of friendship and cooperation between the Republic of Azerbaijan and the Italian Republic. Currency rates for July 19 Business Thu, 19 Jul 2018 10:15:00 +0400 By  TrendOfficial exchange rate of the US dollar and euro against Azerbaijani manat was set at 1.7 and 1.9801 manats respectively for July 19.Below are the rates of Azerbaijani manat against world currencies, according to the data from the Central Bank of Azerbaijan for July 19.CurrenciesJuly 19, 20181 US dollar1 USD1.71 euro1 EUR1.98011 Australian dollar1 AUD1.26111 Argentine peso1 ARS0.0616100 Belarusian rubles100 BYR0.8541 Brazilian real1 BRL0.44171 UAE dirham1 AED0.46281 South African rand1 ZAR0.128100 South Korean won100 KRW0.15031 Czech koruna1 CZK0.07661 Chilean peso1 CLP0.26021 Chinese yuan1 CNY0.25231 Danish krone1 DKK0.26571 Georgian lari1 GEL0.69241 Hong Kong dollar1 HKD0.21661 Indian rupee1 INR0.02471 British pound1 GBP2.2228100 Indonesian rupiah100 IDR0.0118100 Iranian rials100 IRR0.00391 Swedish krona1 SEK0.19181 Swiss franc1 CHF1.70141 Israeli shekel1 ILS0.46731 Canadian dollar1 CAD1.29061 Kuwaiti dinar1 KWD5.61221 Kazakh tenge1 KZT0.00491 Kyrgyz som1 KGS0.0249100 Lebanese pounds100 LBP0.11261 Malaysian ringgit1 MYR0.41881 Mexican peso1 MXP0.08991 Moldovan leu1 MDL0.10221 Egyptian pound1 EGP0.0951 Norwegian krone1 NOK0.208100 Uzbek soums100 UZS0.02171 Polish zloty1 PLN0.45921 Russian ruble1 RUB0.0271 Singapore dollar1 SGD1.2439 BSTDB and OPEC Fund plan to jointly implement projects in Azerbaijan Business Thu, 19 Jul 2018 10:00:00 +0400 By  TrendThe Black Sea Trade and Development Bank (BSTDB) and the OPEC Fund for International Development (OFID) plan to jointly implement projects in Azerbaijan, the Bank told Trend.The two organizations signed an agreement on cooperation in the Black sea region last week. Azerbaijan is not a part of the Black Sea region, but is one of the founders and a member of the BSTDB.The Bank announced that, BSTDB and OFID have agreed under the agreement to jointly finance projects in the field of trade and other projects in the private sector. The parties are ready to finance any projects of mutual interest, with the exception of projects in the areas of defense industry, gambling, production of tobacco, alcoholic beverages (with the alcohol content above 20 percent).However, it is not yet known how much money will be allocated for projects within the framework of joint cooperation. The Bank added that, the expected volume of investments will be determined in accordance with the business plans of both organizations.BSTDB is planning to allocate about 48 million euros for projects in Azerbaijan in 2018. At the end of 2017, 93.12 million euros have already been allocated to Azerbaijan, and the contracts for 91.1 million euros have been signed. In total, Bank has allocated to projects in Azerbaijan the loans amounting to 330 million euros.BSTDB was founded by Azerbaijan, Albania, Bulgaria, Georgia, Greece, Moldova, Armenia, Romania, Turkey, Ukraine and Russia. The authorized capital of the Bank is 3.45 billion euros.OFID is an intergovernmental financial development institution engaged in provision of socio-economic support to developing countries that are not OPEC member countries. President Aliyev: Azerbaijan strengthening its industrial potential Politics Wed, 18 Jul 2018 19:26:00 +0400 By  TrendAzerbaijan is modernizing and strengthening its industrial potential, Azerbaijani President Ilham Aliyev said.He made the remarks July 18 at the opening of a polypropylene plant built within the SOCAR Polymer project in Sumgait Chemical Industrial Park in Azerbaijan.The Azerbaijani president said that the export potential of Azerbaijan will increase significantly as a result of commissioning the polypropylene plant and a polyethylene plant at the end of the year.“Both plants will annually produce 300,000 tons of products, and 70 percent of the output will be exported to foreign markets,” Ilham Aliyev said. “Thus, Azerbaijan will completely eliminate dependence on imports and great volume of non-oil exports will be created in the country.” Sergio Mattarella: Co-op between Azerbaijan, Italy has high potential Politics Wed, 18 Jul 2018 19:18:00 +0400 By  TrendCooperation between Azerbaijan and Italy has high potential, Italian President Sergio Mattarella said July 18.He was speaking at the opening of a polypropylene plant built within the SOCAR Polymer project in Sumgait Chemical Industrial Park in Azerbaijan.The Italian president expressed gratitude to Ilham Aliyev.Sergio Mattarella noted that he is very satisfied with attending the opening ceremony together with Ilham Aliyev.The Italian president added that such events show a very high level of relations between Italy and Azerbaijan.It is also a sign of friendship and sincerity between the two states and peoples, he noted. Ilham Aliyev: Azerbaijan to continue offering ample opportunities for Italian firms Politics Wed, 18 Jul 2018 19:08:00 +0400 By  TrendAzerbaijan will continue offering ample opportunities for the work of Italian companies in the country, Azerbaijani President Ilham Aliyev said.He made the remarks July 18 at the opening of a polypropylene plant built within the SOCAR Polymer project in Sumgait Chemical Industrial Park in Azerbaijan.“Today, President Sergio Mattarella’s official visit to Azerbaijan started,” Ilham Aliyev said. “This is a historic visit, because the president of Italy is making his first visit to Azerbaijan. Negotiations and an exchange of views held during the visit clearly demonstrate the high level of the Italian-Azerbaijani ties. We are strategic partners in the full sense of this word. We are friends. There are many projects and common interests that unite us.” Dry weather to stay in Baku Society Wed, 18 Jul 2018 18:00:00 +0400 By AzernewsBy Laman IsmayilovaThe weather will be changeable cloudy, mostly dry on July 19.North-west wind will be replaced with south-east wind in the afternoon.The temperature on the peninsula will be +23-25?C at night, +30-34?C in afternoon in Absheron peninsula, +23-25?C at night, + 32-34?C in the afternoon in Baku, the Ecology and Natural Resources Ministry reported.Atmospheric pressure will be 751mm; relative humidity will be 65-75% at night, 50-60% in the afternoon.Sea water temperature will be 26-27 degrees on Absheron beaches (Sumgayit, Novkhani, Pirshaghi, Nardaran, Bilgah, Zagulba), the sea water temperature will be 27-28 degrees in southern beaches (Turkan, Hovsan, Sahil, Shikh)..The favorable weather conditions will be observed on the beaches. North-west wind will be replaced with south-east wind in the afternoon.The weather will be mainly dry in country's regions. However lightning and short-term rain is expected in some mountainous regions. East wind will blow. The temperature will be +18-23?C at night, +31-36?C in daytime, +12-17?C in mountains at night, +22-27?C.Temperature and other meteorological factors will be within the climate norm which is favorable for meteo-sensitive people. OSCE ODIHR publishes final report on presidential election in Azerbaijan Politics Wed, 18 Jul 2018 17:54:00 +0400 By  TrendThe OSCE Office for Democratic Institutions and Human Rights (ODIHR) has published a final report on the presidential election that took place in Azerbaijan on April 11.The initial assessment of the election was announced by the OSCE/ODIHR observation mission on April 12.The OSCE/ODIHR election observation mission led by Corien Jonker began working in Azerbaijan March 9. Crude prices edge down Business Wed, 18 Jul 2018 17:45:00 +0400 By AzernewsBy Sara IsrafilbayovaWorld oil prices are falling on July 18 on the data of the American Petroleum Institute (API), which reported an increase in its reserves in the U.S.Brent fell 93 cents to a low of $71.23 a barrel, its weakest since April 17, U.S. light crude West Texas Intermediate (WTI) was down 60 cents at $67.48, according to Reuters.According to the API, for the week to June 14, commercial oil reserves in the U.S. increased by 629,000 barrels, or by 0.15 percent, to 405.233 million barrels, although a decrease of 3.6 million barrels was expected. At the same time, gasoline stocks increased by 425,000 barrels, distillates - by 1.7 million barrels.OPEC’s July report reads that in June the organization fulfilled the Vienna agreement by about 124 percent after the May figure of 160 percent, reducing production by 1.572 million barrels per day by October 2016 to 32.327 million barrels per day.At the same time, Saudi Arabia in June increased oil production compared to the previous month by 405,000 barrels per day - up to 10.42 million barrels per day, while under the terms of the deal it should not produce more than 10.058 million barrels per day.Earlier, OPEC and a group of non-OPEC countries agreed that they would return to 100 percent compliance with previously agreed oil output cuts, after months of underproduction by OPEC countries.OPEC and non-OPEC producers reached an agreement in December 2016 to curtail oil output jointly and ease a global glut after more than two years of low prices. OPEC agreed to slash the output by 1.2 million barrels per day from January 1.Non-OPEC oil producers such as Azerbaijan, Bahrain, Brunei, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Oman, Russia, Sudan, and South Sudan agreed to reduce output by 558,000 barrels per day starting from January 1, 2017.OPEC and its partners decided to extend its production cuts till the end of 2018 in Vienna on November 30, as the oil cartel and its allies step up their attempt to end a three-year supply glut that has savaged crude prices and the global energy industry. OSCE consulting Turkmen law enforcement officers on ethical standards World news Wed, 18 Jul 2018 17:31:00 +0400 By  TrendAn OSCE-organized national seminar on professional integrity and ethical standards in law enforcement bodies took place in Ashgabat city, the OSCE Ashgabat office said in a message.Officials from the national security, interior, justice and defense ministries, the Supreme Court, the State Service to Combat Economic Crimes, the State Migration Service and other law enforcement bodies of Turkmenistan participated in the event.The OSCE Center in Ashgabat organized the seminar to contribute to an enhanced understanding of professional integrity and current ethical standards for the conduct of law enforcement officers.The two-day seminar was delivered by an international expert from Lithuania and OSCE experts from the Office of the Coordinator of OSCE Economic and Environmental Activities (OCEEA), the Secretariat’s Gender Section and the Mission in Serbia.The topics addressed included international standards and initiatives in combating and preventing corruption, codes of conduct for law enforcement structures and measures to identify fraud and corruption in law enforcement bodies. Azerbaijan’s Central Bank to raise 300M manats at auction Business Wed, 18 Jul 2018 17:26:00 +0400 By  TrendAn auction for placement of short-term notes worth 300 million manats of Azerbaijan’s Central Bank (CBA) will be held at the Baku Stock Exchange (BSE) on July 18, the BSE said.According to the message, three million notes at a par value of 100 manats each and maturity period of 28 days will be put up for auction. The maturity date of the notes is August 15, 2018.Short-term notes are a tool of monetary policy to regulate money supply in circulation. Only banks can obtain notes.Under new requirements, each bank can submit maximum two applications – one competitive and one noncompetitive.(1.7 manats = $1 on July 18) OPEC to maintain its role as key oil supplier through to 2040 – Wood Mackenzie Business Wed, 18 Jul 2018 17:17:00 +0400 By  TrendOPEC is expected to maintain its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030, global natural resources consultancy Wood Mackenzie said in its report obtained by Trend."With demand continuing to grow through to its peak in the mid-2030s, the industry must find increasingly expensive oil to offset declines from a maturing asset base. To balance the market in the long-term, there is increasing reliance on OPEC continuing to exploit its available reserves," said the report.The consultancy said that as reliance on OPEC ramps up, so does the importance of geopolitical risk as a key determinant for both supply and price."As non-OPEC production growth slows and the importance of OPEC’s output increases from 2023, OPEC’s role in managing prices becomes more focused on ensuring upstream investment keeps up with replacing lost barrels from onstream declines, and the growth in oil demand over the next decade or so," it said."Global upstream investment plummeted by about 50 percent in the wake of the oil price collapse. The expectation was that this would have a material impact on supply to 2020. However, non-OPEC supply has proven itself to be remarkably resilient." Wood Mackenzie expects it to remain resilient with non-OPEC supply set to remain broadly flat to 2030 outside of the US.Brazil and Canada underpin medium-term conventional non-OPEC supply growth, adding the most production outside of the US by 2030, Wood Mackenzie experts believe."Russia's production increases into the early 2020s, after the restrictions from production cuts are lifted, before reverting to decline. Some mature provinces, such as the North Sea, will be able to maintain output levels into the mid-2020s."From the mid-2020s, new producers including Guyana, Uganda and Kenya begin to add significant volumes, rising to around 700,000 b/d combined, said Wood Mackenzie.This all helps to counter structural declines from mature producers through 2030, most notably China, Indonesia, Colombia and Mexico, where declines amount to around 2 million b/d, according to the report."By the late-2020s, non-OPEC supply is reliant on additional new sources of supply from reserves growth, contingent resources, and yet-to-find volumes. Although reserves growth is relatively cheap by its nature, other forms of supply are expected to be higher cost. By 2030, around 6 million b/d of supply is expected to break even above $70 per barrel."