During the visit to Azerbaijan of the Vice-President of the Federal Economic Chamber of Austria Richard Shents December 5 Baku will host a business forum with participation of businessmen of the two countries.
The fund export promotion and investment in Azerbaijan told Turan, that participation in the forum will bring together representatives of about 20 Austrian companies operating in various sectors of industry and construction, oil and gas, chemical and light industry , ICT, engineering, food processing machinery , logistics , ventilation systems, consulting , etc. Forum will be held in Baku Business Center.
According to the State Customs Committee, in the first nine months of 2013 the volume of exports from Azerbaijan to Austria increased in comparison with the comparable period last year from $ 69.1 million to $ 253.8 million. From Austria in the opposite direction was delivered goods worth $ 72.5 million that is 27.1% less than in the same period in 2012. - 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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