The Foundation for Export and Investment Promotion in Azerbaijan (AZPROMO) established a representative office in Italy, whose head is Tural Rustam Oglu Mammadov.
Mamedov is involved in private business (IT, food industry, etc.) in one of the cities of Italy.
The function of representation includes networking with Italian companies, finding opportunities to export Azerbaijani products to Italy, as well as attracting the leading investment funds to Azerbaijan's economy.
AZPROMO representative offices operate in Kazakhstan, Georgia, Germany, Austria and China. Previously established, but thereafter ceased operations offices in the USA, the UAE and the UK.
Today Baku Business Center hosted a business forum attended by about 140 representatives of companies from different sectors of the economy. -----08D
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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