Economics
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Azerbaijan has made significant progress in diversifying its energy balance, with renewable sources playing an increasingly important role in the country's electricity production. Operational data for January-August 2024 show that total electricity generation reached 19,235.4 million kilowatt-hours (kWh), marking a noticeable shift towards greener energy.
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Bilateral relations between Azerbaijan and Russia are accelerating, particularly in the agricultural sector, as Deputy Prime Minister Shahin Mustafayev and Russia’s Minister of Agriculture Oksana Lut underscored during their high-level meeting on September 13 in Baku.
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On September 13, Azerbaijani President Ilham Aliyev met with Mark Burns, President of Gulfstream Aerospace, on Tuesday to discuss collaborations aimed at enhancing the country’s aviation sector and overall economic growth.
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On September 13, Azerbaijani President Ilham Aliyev met with Robert Smith, founder and CEO of Vista Equity Partners, one of the most influential global investment firms specializing in alternative investments in the technology sector. The meeting underscored Azerbaijan's growing ambition to strengthen its financial and technological ties with leading global players, as the State Oil Fund of Azerbaijan (SOFAZ) continues to expand its investment portfolio.
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