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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In a strategic move to bolster mechanisms against financial crimes and terrorism financing, Azerbaijan's Deputy Prime Minister, Samir Sharifov, has been appointed as the head of the newly restructured Coordinating Council on Counter-Terrorism Financing and Other Financial Crimes.
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The Chairman of Azerbaijan Railways CJSC, Rovshan Rustamov, and the head of Iranian Railways, Jabbar Ali Zakeri Sardrudi, convened in Tehran during the Joint Azerbaijani–Iranian Intergovernmental Commission meeting to bolster cooperation on the Astara terminals, key nodes in the International North-South Transport Corridor (INSTC). The talks centered on enhancing the operational efficiency and strategic significance of these terminals to facilitate growing cargo volumes between the two nations.
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Azerbaijan is accelerating its transition to green energy through the coordinated efforts of its "Green Energy Zone" task force, which recently held its latest hybrid meeting to review progress and outline future priorities. The Ministry of Energy, reporting on Wednesday’s session, emphasized the task force's central role in implementing the 2022–2026 Socio-Economic Development Strategy, a cornerstone of Azerbaijan’s ambitions for sustainable growth.
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AzerGold, Azerbaijan’s state-owned mining company, is pursuing opportunities for strategic collaboration with Turkish firms in Africa as part of its efforts to expand its presence in the global mining sector. Recent talks between Zakir Ibrahimov, Chairman of the Board of AzerGold CJSC, and Şebnem Cenk, Head of the West and Central Africa Department at Turkey's Ministry of Foreign Affairs, highlighted the potential for a mutually beneficial partnership.
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