The Ministry of Agriculture of Azerbaijan and the Ministry of Food, Agriculture and Livestock of Turkey will hold Baku Business Forum on February 23. The purpose of the forum is to rise to a qualitatively new level of development of the bilateral relations in the agricultural sector, Turan was told in the Ministry of Agriculture of Azerbaijan.
To participate in the forum a large delegation comes to Baku, consisting of representatives of about 150 Turkish companies.
In 2016, imports from Turkey amounted to $ 1 billion 181.5 million, an increase of 0.9%. According to Turan’s calculations based on data from the State Customs Committee of Azerbaijan, Azerbaijan exported agricultural products worth $ 118 million to Turkey last year. Azerbaijan, in turn, supplied agricultural goods in the amount of $ 2 million to Turkey. ----08D
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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