Belgian representative office of SOCAR (State Oil Company of Azerbaijan) has been registered in the Transparency Registry, which was created and operated by the European Parliament and the European Commission.
According to the representative office of SOCAR, the registry will allow the EU citizens to collect accurate and unbiased information on the state oil company, including the company's interests, policies, and invested resources.
Registration of SOCAR in the Transparency Registry and full compliance with the Code of Conduct is an indicator of social responsibility of the company.
Thus, the State Oil Company adopts the rules of the EU and in a transparent manner creates relationship with the EU institutions.
SOCAR’s registration will allow to make public the company's participation in the processes of the EU, and create a special opportunity to bring to a wider audience their interests and goals.
Participation in the registry will provide SOCAR’s cooperation with the European Parliament and the European Commission, according to the representative office of SOCAR.—0-
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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