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’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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