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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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