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 INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
Müdafiə Nazirliyində nə baş verir? О чем договорились Алиев и Пашинян в Москве? - беседа с Борисом Навасардяном
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