Business summit EU-Azerbaijan
In four weeks, on 18 May, the 2nd EU-Azerbaijan Business Summit will start in the Azerbaijani capital Baku. Agriculture and food, transport and logistics, as well as tourism development – are the three main topics on the event agenda. The registration is still open. The summit offers a platform for European and Azerbaijani companies to investigate business opportunities and establish business partnerships in Azerbaijan. Ahead of the summit, on 17 May, the European Business Networking Meeting will take place.
EU companies interested in doing business in Azerbaijan, are invited to participate in one or both of the events. The registration for participation in the Business Summit is now open. Please contact Kristina Mammadova at kristina.mammadova@ahk-baku.de and Julia Egel at julia.egel@ahk-baku.de for more information regarding the event.
The event is supported by the EU-funded regional trade facilitation project East-Invest. It supports economic development of the Eastern Partnership region and the improvement of its business environment. East-Invest also facilitates the internationalization process for participating small- and medium-sized enterprises (SMEs) in the EaP countries and the EU. (EU Neighbourhood Info). -0-
Economics
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The State Oil Company of Azerbaijan (SOCAR) is strengthening its presence in Bulgaria's gas distribution sector, aiming to capture 7.5% of the market by the end of 2024. Currently, SOCAR supplies half of Bulgaria's natural gas needs and plans to further increase its market share through strategic partnerships and expanded distribution.
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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