azerbaijan news and archive

Azerbaijan relies on cotton to curb economic woes

After being plagued by a host of economic problems like a substantial decline in oil prices, cuts in public investment, currency depreciation and a slowdown of trading partners' economies, the former Soviet republic of Azerbaijan is planning to revive its cotton sector to bring its economy back on track. For this purpose, the government has...

Retail

Harvey Nichols opens debut store in Azerbaijan

"We are delighted to be opening a store in Azerbaijan, our first in the region," commented Stacey Cartwright, group Chief Executive of luxury British department store group Harvey Nichols on the opening of its debut store in Baku. "This market is fast becoming one of the top luxury retail destinations in the world and we are excited to offer the...