#industry
Latest news and interesting information about industry.
China pushes out German industry
German industry loses ground as China's quality rises and prices undercut, with thousands of jobs lost.
10 million manat dairy plant under construction in Ivanovka
A 10 million manat dairy plant is being built in Ivanovka, Ismayilli, producing cheese, butter, and more. The project will develop the agro-industry in the region.
Turkey's NATO role rises
Bloomberg reports that Turkey's role in NATO is increasing as Europe reduces reliance on the US.
New Changes to VAT Deposit Accounts
New changes to VAT deposit accounts: entrepreneurs gain ability to transfer funds to the State Social Protection Fund.
France Imposes New Bans on Online Stores
France passes law against ultra-fast fashion, imposing stricter rules on Shein, Temu, and AliExpress.
VAT Deposit to SSIF Transfer Now Possible
Azerbaijan allows transferring funds from VAT deposit accounts to the State Social Protection Fund. Details on the new bill.
UK-Azerbaijan Defense Cooperation Strengthens Army
How does UK-Azerbaijan defense cooperation transform the Azerbaijani Army? Insights into military education, cybersecurity, and joint exercises.
New Oil Refinery: Reducing Import Dependence
Azerbaijan's new oil refinery project: reducing import dependence, boosting exports. Completion in 5-6 years.
Jeyhun Bayramov spoke with Antonio Tajani
Jeyhun Bayramov discussed strategic partnership, energy cooperation, and regional security with Italian Foreign Minister Antonio Tajani in a phone call.
NATO bank proposal: Canada and Luxembourg step forward
Canada and Luxembourg propose creating a NATO bank to strengthen defense financing. The plan will be discussed at the July NATO summit.
China enters Indian market despite ban
China enters India's auto market via EV tech despite ban. Tata-Chery partnership and local production plans highlight the strategy.
New support mechanisms in cotton growing
President's assistant Zeynal Naghdaliyev announces new support mechanisms, insurance, and processing industry development in cotton growing.
Kapital Bank Continues Supporting Local Business Platforms
Kapital Bank partners with the seventh Local Companies Promotion Exhibition, supporting local business platforms and entrepreneurs.
World Cup Played Between Commercials
From Qatar's purchase of PSG to the 2026 World Cup's commercial breaks, an article about the commercialization of football.
Most Competitive Economies: Singapore Leads
Switzerland lost its top spot in competitiveness ranking; Singapore leads. Details on IMD report and shifts.
UK Government Split Over Defense Budget
UK ministers demand higher defense spending amid geopolitical tensions, while PM Starmer remains cautious about budget increases.
Volkswagen alarm signal: strategy shift
Volkswagen internal survey: board members rate situation as existential threat, prompting urgent strategy shift.
Green Energy Corridor: Feasibility Study by 2027
The feasibility study for the Caspian green energy corridor will be completed by 2027. Uzbekistan's Deputy Energy Minister Umid Mamadaminov highlights the project's significance.
Minister Announces New Subsidies and Soft Loans
Agriculture Minister Majnun Mammadov announces new subsidies and soft loans under the State Program for 2026-2030.
Europe's Military Project Failures: Opportunity for Turkey?
Major European joint military projects like FCAS and MGCS have stalled, creating an opportunity for Turkey's national defense industry, including ALTAY tank and KAAN fighter.
Economic growth and non-oil sector development in Azerbaijan
Azerbaijan economic growth, non-oil sector development prospects, Minister Mikayil Jabbarov statements and expert opinion.
US blocks Anthropic's newest AI models
The US government has blocked foreign access to Anthropic's Fable 5 and Mythos 5 AI models, citing national security.
Azerbaijan ranks 62nd in AI usage index
Azerbaijan ranks 62nd in AI usage index - experts see it as a starting point. The article analyzes development directions and targets.
Baku to host HELF/AZHAB Forum 2026
Baku to host HELF/AZHAB Forum 2026 during the Islamic Development Bank Group Annual Meetings. Halal economy, sustainability, and regional integration discussed.
Court of Accounts Chair Proposes Transparency Reforms
Vugar Gulmammadov, Chairman of the Court of Accounts, proposes measures to enhance budget transparency and efficiency.
New subsidy mechanisms to support livestock
New subsidy mechanisms for livestock include product subsidies for slaughterhouses and milk processing, along with tax and customs benefits.
Airlines may cancel tens of thousands of flights this winter
Airlines may cancel tens of thousands of flights this winter due to Middle East tensions and high fuel prices. IATA cuts profit forecast. ITA Airways and Turkish Airlines plan reductions.
Pentagon Hits Chinese Tech Giants
Pentagon adds Alibaba, Baidu, BYD, NIO to list of military-linked Chinese companies. No immediate sanctions but limits U.S. contracts.
IMO Secretary General offers condolences for Azerbaijani sailors
IMO Secretary General Arsenio Dominguez offers condolences to Azerbaijan for the tragic deaths of four Azerbaijani sailors in the Sea of Azov.
IATA: Aviation earns less than a hot dog
IATA Chief Economist: Aviation's per-passenger profit is less than the price of a hot dog at World Cup stadiums.
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