The governmental delegation headed by Minister of Economy Shahin Mustafayev will visit Iran on a working visit on February 22-24.
According to the press service of the Ministry, the delegation, which also will include representatives of business, plans to visit the cities of Ardabil and Urmia. There will be held a business forum with the participation of the local business community. These cities are inhabited mainly by ethnic Azeris.
In 2016 the trade turnover between Azerbaijan and Iran exceeded 210 million. The deficit of the Azerbaijani trade with Iran amounted to $ 111.4 million, according to the State Customs Committee. At the same time, imports rose by 78.1%, while the export of Azerbaijani goods to Iran rose by 45%. --08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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