Ministry of Culture and Tourism (MCT) initiated the establishment of the Azerbaijan Convention Bureau (ACB), the establishment of which will be announced on June 10 in Baku Business Center.
The press service of the MCT told Turan that the letter of intent to establish ACB will be signed by Minister Abulfaz Garayev and the heads of several branded hotels and travel companies.
The purpose of the ACB is the development of business tourism in Azerbaijan. The Bureau in Azerbaijan will attract large-scale international events, and make the promotion of Azerbaijan as an area of business travel. - 08D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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