On April 26 the Baku Business Center will host a business forum with the participation of the delegation of representatives of more than 20 Spanish companies, Turan was told in the Fund for Promoting Export and Investments in Azerbaijan (AZPROMO).
Spanish companies are engaged in such business areas as construction, transport, energy, industry, agriculture, environmental protection, consulting, etc.
The business forum will be held in the framework of the visit of the Foreign Minister Jose Manuel Garcia Margallo to Baku.
According to the State Customs Committee of Azerbaijan, in the first quarter of this year the trade turnover between Azerbaijan and Spain amounted to $ 37.8 million, having decreased over the year by about $ 100 million. Spain ($ 11.7 million) for this period increased its exports by 17%, and Azerbaijan in connection with the decline in oil prices reduced the export in value terms by 80%. -----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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