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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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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