Presentation "Investments in Azerbaijan: Business Environment and Opportunities", organized by the Azerbaijani Fund for Export and Investment Promotion (AzPromo) and the Italian-Azerbaijani Trade Institute (ITAZERCOM), was held in Milan.
According to the information of the Ministry of Economy and Industry, the Head ITAZERCOM Manuela Traldi speaking at an event in the framework of the international exhibition EXPO-2015 emphasized the level of bilateral trade with Baku, noting that Azerbaijan is implementing major projects in various sectors of the economy, which also involved and Italian company.
Rufat Mammadov, the head of AzPromo, briefed the participants on the country's economy and the Azerbaijani-Italian economic and trade relations. Participants were presented the possibilities of several specific organizations: the Azerbaijan Investment Company, Sumgait Chemical Industrial Park and Balakhani Industrial Park.
Participants of the presentation also reviewed the Azerbaijani national pavilion at the Milan exhibition EXPO-2015. --17D--
Economics
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Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
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Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
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Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
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Azerbaijan is accelerating the implementation of its socio-economic development strategy, focusing on digital transformation and strengthening cybersecurity. The government is allocating resources to human capital development, prioritizing the training of cybersecurity professionals, said Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency, on January 30 during the fourth “Graduation Day” of the Azerbaijan Cybersecurity Center (AKM).
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