Azerbaijan invited the Croatian companies to invest in agriculture, tourism, technology and chemical industry. This was said at the Azerbaijani-Croatian business forum by the head of the Azerbaijan Fund for Export and Investment Promotion (AZPROMO) Rufat Mammadov.
The business forum is held within the visit of the President of Croatia Kolinda Grabar-Kitarovic to Baku.
Addressing the event, the President of the Economic Chamber of Croatia Luka Burilovich reported that exports from Croatia to Azerbaijan amounted to 396 million dollars in 2015, which is 14% more than in 2014 year. Azerbaijan exported to Croatia goods in the amount of 392 million dollars.
During the visit, the President of Croatia also met with the President of SOCAR Rovnag Abdullayev and told him that in Croatia they are looking forward to the delivery of Azerbaijani gas to the Balkan countries through the Ionian - Adriatic Gas Pipeline.
Rovnag Abdullayev, in turn, said the Memorandum of Understanding between SOCAR and Croatia, Albania, Bosnia and Herzegovina and Montenegro on the construction of Ionian - Adriatic gas pipeline (IAP) was an important step for the energy security of the region. -71D-
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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