Today, January 17 the Baku Business Center hosted the 7th in a row Azerbaijani-Czech business forum in which issues of bilateral cooperation were discussed.
Besides 160 business representatives of the two countries, the forum was attended by the Minister of Industry and Trade of the Czech Republic Jan Mládek. The companies represented the agricultural, industrial, financial and social sectors, the construction sector, logistics, etc.
Azerbaijan has 19 companies with Czech capital, Economy Minister Shahin Mustafayev said at the forum. According to him, the Czech Republic has invested $ 1.3 billion in Azerbaijan’s economy. Czech companies are contractors 6 projects totaling $ 1.6 billion.
Tomorrow Baku will host the fourth meeting of the intergovernmental commission of Azerbaijan and the Czech Republic. -----08D
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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