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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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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