Azerbaijan - Portugal, "the game with only one goal"
Azerbaijan could help Portugal to overcome the financial crisis. For this we need the government to provide credit and invest in state funds Iberian Caucasian entrepreneurs.
This was on Thursday business forum organized by the Local Fund Export and Investment Promotion (Azpromo), said Minister of Foreign Affairs of Portugal, Paulo Portash. In the event attended by about 20 Portuguese companies from such sectors as construction, ICT, food processing, chemicals, pharmaceuticals, equipment, etc.
The participants talked about the great potential of mutual trade turnover. However, the State Statistics Committee of AR suggests that the results of last year, bilateral trade turnover of goods between the two countries totaled $ 327.45 million, of which the share of exports (hydrocarbons) accounted for 322.26 million. During the first four months of this year the total of $ 175.28 million included $174.98 million for export of local natural resources.
Now, local economists and entrepreneurs will think over what direction the Portuguese economy, you can declare attractive to business and investment. By the way, the Minister of Foreign Affairs Portash suggested some directions. According to him, appealing to the western part of the Pyrenees are primarily energy, infrastructure and agriculture. - 17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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