Azerbaijan's Oil and Gas Sector Accounts for One-Third of GDP, Shows Modest Growth

In a strategic move to diversify Europe's energy sources and reduce dependence on Russian gas, Ukraine has proposed a new transit scheme involving Azerbaijan as a gas exporter and Slovakia as a key buyer. According to RBC Ukraine, the initiative aims to reroute Azerbaijani gas through Ukrainian territory, offering a viable alternative to the existing Russian supply lines.

A B2B forum focused on "Green Technologies and Sustainable Development" opened in Baku on Thursday, attracting representatives from various countries and organizations to discuss the critical importance of sustainable development and environmental initiatives.

In a significant push to bolster Azerbaijan’s railroad technology sector, the German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) is hosting a pivotal event titled “Innovations in Railroad Technology in Azerbaijan: Partnerships and Opportunities for German Companies.” The event, scheduled for October 22, 2024, at the Segah Ballroom of the Four Seasons Hotel in Baku, will coincide with a broader five-day business initiation trip from October 21 to 25, aimed at fostering collaborations between German and Azerbaijani businesses in the rail industry.

A newly established shoe factory in Agdam has started exporting its products to Russia and has set its sights on the lucrative European Union market.