Doors open to the Azerbaijani Foreign entrepreneurs in the ICT sector. Today, this idea is expressed at the Azerbaijani-Latvian business forum by President Ilham Aliyev.
According to the President, in the highest priority for the economy there will be, along with the oil projects, information and communication technology as well as services, tourism and industry. He placed at the center of economic diversification, and the creation of industrial zones, along with the rules, providing many advantages in heavy industry. In addition, he drew attention to the new export opportunities due to preferential tax treatment.
The President of Latvia Andris Berzins emphasized a partnership in the sphere of high technologies. - 17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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