Baku on Thursday opened a two-day meeting of the Interstate Council for Antimonopoly Policy of CIS countries.
The representatives of the antimonopoly authorities of CIS countries are discussing mainly the decisions of the previous 35th meeting.
The head of the Anti-Monopoly Service of Azerbaijan Zahid Isayev, who received a medal a few days ago for merits in public service, gave a presentation on the development of competition policy in Azerbaijan.
In a press release of the Ministry of Economic Development it is not specified what is the policy. However, it is no secret that Azerbaijan over the past five years could not accept the Competition Code. The register of natural and market monopolies has not been made public.
Independent experts say that virtually all areas of the country's economy are concentrated in the hands of monopolists, most of which operate under the "roof" of senior officials.
However, the State Service for antitrust and consumer protection hardly notices the monopolists.
The Public Service only twice fined Azerbaijan Coca-Cola Bottlers for the violation of the principles of competition.
Small traders in Baku and the regions of the country say they are "fed up" with illegal actions of the service's employees, who extort money under various pretexts. - 08B-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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