I European- Azerbaijan Investment Conference will be held on September 11 in Baku, in the building of the Azerbaijan Diplomatic Academy.
The Foundation to Promote Exports and Investments in Azerbaijan told Turan the conference is organized with the joint participation of the German- Azerbaijan Chamber of Commerce. It is expected that the conference will bring together 40 entrepreneurs from Europe.
European countries are active investors in the economy of Azerbaijan. According to the State Statistics Committee of Azerbaijan, only in the first half of 2013, Britain invested in Azerbaijan is $ 746.5 million , Norway - $ 208 million, the Czech Republic - $ 129 million, France - $ 58 million, while Germany was scanty - $ 1.3 million. The bulk of investment is the share of the oil sector. - 08D -
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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