Today kicked off a four-day 21st Azerbaijan International Construction Exhibition Baku Build-2015. The event opened with the support of the Ministry of Economy and Industry, the State Committee for Urban Planning and Architecture, the National Confederation of Entrepreneurs and the Fund Export and Investment Promotion (Azpromo). It also anticipates Caspian Construction Week. The organizers are the British company ITE Group and its partner Iteca Caspian.
The current exhibition shows more than 500 companies in the pavilions of Baku Expo Center, as well as its spacious outdoor area. The national stand can be proud of 5 permanent members: Germany, Italy, Iran, Spain, UAE, and the debutant Czech Republic and India. Quite large areas are traditionally reserved by participants from Turkey.
The range of products of all kinds of building materials has been expanded, including the European know-how elite plumbing and building glass. There will be presented new items that have not yet entered the world market. Among them, there are high-quality faucets for bathrooms, modular coating of polypropylene for open areas, innovative elevators without machine room, protective and colorants for wood, cement and coatings of the new generation, and other products. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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