On 26 November Baku Business Center is to host the Azerbaijani-Serbian business forum.
Event with the participation of businessmen of the two countries, organized within the framework of the 2nd meeting of the intergovernmental commission on trade and economic cooperation, which will be held the next day.
The Fund for Export Promotion and Investment in Azerbaijan (AZPROMO) told Turan that the forum will be attended by representatives of various Serbian companies operating in the food industry, agriculture, engineering, construction, tourism, transport, construction and repair of cars, packaging, etc. On the Serbian side the forum will be attended by over 20 companies. All in all bilateral meetings are expected to attend about 90 businessmen told Turan in the press service of the Ministry of Economic Development.
This year Azerbaijan has exported almost nothing to Serbia. Imports of goods from that country amounted to $ 21.5 million, which is 13 times more than in January-October last year. - 08D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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