Azerbaijan is Witnessing an Increase in Imports and the Grey Sugar Market
Economics
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A new phase of investment cooperation between Azerbaijan and Uzbekistan is emerging, driven by the activities of an Azerbaijani-Uzbek investment company with an authorized capital of $500 million. This joint initiative was presented at the Uzbek-Azerbaijani forum held in Tashkent on August 22-23.
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Today, the Uzbek-Azerbaijani business forum, which began on August 22, concluded in Tashkent. It was organized by the Azerbaijan Export and Investment Promotion Agency (AZPROMO).
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Anglo Asian Mining PLC (AIM: AAZ), a gold, copper, and silver producer operating in Azerbaijan, announced its production forecast for the full year 2024 after receiving the green light on August 5 to raise the wall of its tailings dam. The company expects to produce between 15,000 and 19,500 gold equivalent ounces (GEOs) this year, driven by gold and copper outputs.
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Azerbaijan's import of vegetable and animal fats and oils has surged in volume between January and July of this year, increasing by 29.8% compared to the same period last year. Despite this significant rise in import volumes, the cost per tonne of imported vegetable oils has experienced a notable decline, dropping 10.8% to $1,193.9 from last year's $1,338.6.
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