The day before the visit of the President of the country to Tajikistan (October 16) there will be a meeting of the Azerbaijani-Tajik intergovernmental commission on economic cooperation.
According to the information on the website of the Azerbaijani Fund for Export and Investment Promotion (Azpromo), on 15 October Dushanbe will also host an international economic forum in which domestic entrepreneurs will have the opportunity to establish business contacts with colleagues from other countries, too.
Azpromo was established by the Ministry of Economic Development in 2003. Initially, the Fund provided the promotion of investment and investment advice. Since August 2005, the fund has expanded its function and is engaged in the promotion and expansion of exports. --17D-
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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