In the fall Baku is to host Azerbaijani-American Business Forum.
According to the head of the Azerbaijan Fund Export and Investment Promotion (Azpromo) Rufat Mammadov during the presentation of the "Instructions for exporters," the U.S. has a sufficient number of companies that promote business, and one of the top business lobbyists will partner with the planned event.
Azerbaijan is interested in cooperation with American entrepreneurs, especially in industries with high investment potential, including agriculture, food and light industry, renewable energy, tourism, etc.
"Our mutual interest until 12 industries, but this list will be expanded in the future. In addition, the upcoming forum is interesting and with a view to extending the export of Azerbaijani goods to the United States with a priority of the non-oil sector," he stressed. - 17D-
Economics
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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The architectural company El & En has received several contracts worth a total of AZN 805,593 from the Committee for Urban Planning and Architecture. Additionally, the Territorial Construction Planning Center commissioned projects from the private company El & En worth several hundred thousand manats. These architectural projects involve work in liberated territories and other regions of Azerbaijan. The co-owner of this company, along with his son, is Elbay Gasimzade, the head of the Public Council under the State Committee for Urban Planning and Architecture and simultaneously the Chairman of the Union of Architects.
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