The 4th meeting of the Azerbaijani-Hungarian Joint Commission on Economic Cooperation will be held on January 28 in Baku , in which the business communities of the two countries will hold a forum for the development of trade and economic relations . Previous business forum was organized in Baku in February 2011.
The Fund for Export Promotion and Investment in Azerbaijan (AZPROMO) told Turan that the forum is expected to involve representatives from several Hungarian private companies operating in various sectors of the economy (construction, ICT, agriculture, food equipment, textiles, pharmaceuticals, tourism, finance, alternative energy, real estate, packaging, etc.).
In 2012-2013, exports to Hungary were at an insignificant level (within $ 50 million). Imports from Hungary to Azerbaijan totaled $ 33 million, which is 39.4 % more than in 2012. Note that Azerbaijan imports from that country about 170 items of goods, mainly medicines, generators, cars, women's and children's hygiene products, accessories for phones, overhead and tower cranes, and food. - 08D -
Economics
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Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
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The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
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In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
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Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
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