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 State Agency for Tourism has inspected more than 300 hotels and lodging establishments across Baku, Sumgait, and the Absheron district as part of its preparations to accommodate international visitors attending the upcoming COP29 climate summit. Approximately 220 of these locations have now received an official star rating, with 10 hotels designated as five-star, 20 as four-star, and the remainder across other star ratings.
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For several months now, there have reportedly been delays in the disbursement of pensions and social payments in Azerbaijan. Pensioners say that the delays range from three to five days. For example, they emphasize that while disability pensions used to be paid by the 15th of each month earlier in the year, for the past three months, payments have been made on the 20th or 21st.
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Azerbaijan's revenues from tobacco exports have skyrocketed, with earnings from the first eight months of 2024 reaching $15.6 million, a nearly fivefold increase from $3.2 million during the same period last year. The sharp rise highlights the expanding international demand for Azerbaijan's tobacco products.
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Azerbaijan imported 11,100 tons of tea worth $57.9 million in the first nine months of this year, according to the State Statistics Committee, marking a 14.4% rise in volume and a 13.9% increase in value compared to the same period in 2023. However, with only 500 tons of tea exports totaling $4.8 million, Azerbaijan remains heavily dependent on imported tea, which meets 98% of domestic demand.
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