Azerbaijan is one of the priority countries for Belarus, said President Alexander Lukashenko, receiving on Friday a Prime Minister of Azerbaijan, Artur Rasi-zade.
"We are absolutely open to you, we can supply you any range of products, just like you can sell us any range of products, and there are no forbidden topics for joint ventures that we are doing in Azerbaijan," said the Belarusian leader.
"I want you to ask you to remember that you have a very close country of Belarus, and you can always come here with investments, we will always support you," said Lukashenko.
In turn, Rasizade said Azerbaijan will cooperate with Minsk in political and economic spheres.
According to unofficial data, the Belarusian side offered Azerbaijan to participate in the privatization of a number of major companies in the country, and the visit by Rasizade is connected with this offer.-02D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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