Yesterday there was a meeting of the Azerbaijani-Russian intergovernmental commission on economic cooperation in Moscow.
The working group in agriculture agreed on expanding cooperation in the sphere of supply of local agricultural goods to Russia, said the Ministry of Economy of AR.
In addition, the parties discussed the inclusion of meat and dairy companies into the roster for Veterinary and Phytosanitary Supervision. They also discussed more favorable export conditions for the expansion of Azeri fruits and vegetables to Russia, and the acceleration of the electronic exchange procedures between the two countries phytosanitary and veterinary certificates.
Following the meeting, a positive assessment was given to cooperation between the relevant authorities of the two countries in the field of agriculture.
Recall, the head of the group from the Azerbaijani side is Deputy Economy Minister Sahib Mamedov, and from the Russian side - Deputy Minister of Agriculture Sergey Levin. In the first quarter, according to the Russian Embassy (http://azerbaijan.mid.ru/torgovo-ekonomiceskie-svazi), the total bilateral trade amounted to $ 707.3 million. Azerbaijan exported in the amount of $ 73.2 million and Russia exported for $ 634.1 million. --17D-
Economics
-
Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
Leave a review