Azerbaijan-Turkey Business Forum was held.4.11.2022
A eminent Azerbaijani-Turkish investment forum is set to convene in Baku on December 21.
The event, graced by the participation of key dignitaries, including Azerbaijani Economy Minister Mikail Jabbarov, Turkish Trade Minister Omer Bolat, and the Head of the Financial Office of the Turkish Presidential Administration Geksel Auchan, is poised to be a focal point for discussions on strategic initiatives to fortify economic cooperation between the two nations.
Jointly organized by the Agency for Export and Investment Promotion (AZPROMO) and the Turkish Exporters Assembly (TÜIB), the forum aims to provide a platform for deliberations among business leaders, investors, and businessmen, reflecting the shared commitment of Azerbaijan and Turkey to augmenting bilateral economic ties.
The timing of the forum, dedicated to the centennials of pivotal historical milestones for both nations, adds symbolic resonance to the discussions. The commemoration of Heydar Aliyev's birth and the establishment of the Republic of Turkey underscores the enduring historical ties between the two countries and their mutual trajectory towards progress and development.
Anticipated topics of discussion encompass a spectrum of strategic issues germane to the expansion of economic cooperation, reflecting a comprehensive approach to fostering mutually beneficial partnerships.
Economics
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Azerbaijan and Israel have agreed to establish a working group on the development of cooperation in the field of transport, Minister of Digital Development and Transport Rashad Nabiyev said on Friday on the social network "X".
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Discussions on "green energy" were held on November 22 in Istanbul, during the energy forum, involving Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, Georgia's First Deputy Prime Minister and Minister of Economy and Sustainable Development Levan Davitashvili, Bulgaria's Minister of Energy Rumen Radev, and Azerbaijan's Minister of Energy Parviz Shahbazov.
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A meeting between Azerbaijan's Minister of Energy Parviz Shahbazov, Turkey's Minister of Energy and Natural Resources Alparslan Bayraktar, and Bulgaria's Minister of Energy Vladimir Malinov took place on November 22 in Istanbul, within the framework of the international energy forum, according to Azerbaijan's Ministry of Energy.
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Consumer prices in Azerbaijan surged significantly in October 2024, underscoring the impact of both local and global inflationary pressures. According to the State Statistics Committee, the Consumer Price Index (CPI) for October 2024 reached 103.4% compared to the same month last year. Key categories contributing to the rise include food, beverages, and tobacco, which increased by 2.6%, non-food items by 2.1%, and paid services by a substantial 5.8%.
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