In Baku Business Center was signed a memorandum of understanding between Azerbaijan and Kazakhstan on the construction of the Center in Aktau production and logistics.
The local economic bloc was represented by the Fund Export and Investment Promotion (AZPROMO) Ministry of Economic Development, as well as Azersun Holding Ltd. The interests of Kazakhstan were represented by Morport Aktau free economic zone.
The construction was taken by Azersun Holding, which has interests in the transport of oil and oil products on the Caspian Sea.
According to the Ministry of Economic Development, the implementation of the investment project will strengthen the economic and trade relations between the two countries, expand the geography of exports of local products, to develop a regional transport infrastructure. The share of regional transportation will also increase, according to the Ministry of Economic Development. - 17D-
Economics
-
The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
-
The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
-
As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
-
Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
Leave a review