Azerbaijan-Italian business forum will be held on December 6 in Baku Business Center with the organizational support of the Promotion of Exports and Investment in Azerbaijan (AZPROMO).
The press service of the Ministry of Economic Development told Turan that during the bilateral meetings they will discuss the possibility of expanding ties in the industry (furniture, jewelry, etc.), construction, ICT, banking and tourism.
About 30 Italian companies will participate in the Forum in Baku.
The State Customs Committee of Azerbaijan said for 10 months of 2012, exports of goods (mainly oil) from Azerbaijan to Italy was marked at $ 4,490.6 million, representing 55.5% of the figure for the same period of 2011. The share of Italian exports of Azerbaijan for the period was 22.75%. Italy has a solid place in the geography of imports in Azerbaijan (2.5% of total imports). Over the period of the year Italy supplied goods totaling $ 190.9 million to Azerbaijan, which is 0.5% less than in January-October 2011. - 08D-
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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