‘Agdam’ shoe factory sets its sights on European Union after entering Russian market

Azerbaijan’s oil and gas sector represented approximately one-third of the nation’s gross domestic product (GDP) during the first nine months of 2024, achieving modest growth of nearly 1% despite a decline in oil production, according to official statistics.

A B2B forum focused on "Green Technologies and Sustainable Development" opened in Baku on Thursday, attracting representatives from various countries and organizations to discuss the critical importance of sustainable development and environmental initiatives.

In a significant push to bolster Azerbaijan’s railroad technology sector, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) is hosting a pivotal event titled “Innovations in Railroad Technology in Azerbaijan: Partnerships and Opportunities for German Companies.” The event, scheduled for October 22, 2024, at the Segah Ballroom of the Four Seasons Hotel in Baku, will coincide with a broader five-day business initiation trip from October 21 to 25, aimed at fostering collaborations between German and Azerbaijani businesses in the rail industry.

Azerbaijan has demonstrated significant growth in gold exports during the first eight months of 2024, driven by increased production capacity and favorable market conditions. According to official data, gold exports from January to August rose by 43.3% compared to the same period in 2023. The total value of gold exports for this period reached $18.5 million, marking a significant jump from the $12.9 million recorded in 2023.