Today, Chairman of the Cabinet of Ministers Artur Rasizade speaks to deputies of Milli Majlis of the government's report on last year's activities.
According to him, during the reporting period, Azerbaijan had trade relations with 165 countries of the world, with 47% of turnover to 60% of exports - the specific weight of the European Union (EU).
The national economy was invested the equivalent of about 16 billion manats, including 7.1 billion AZN in oil and 8.38 billion manats in the non-oil industry.
The Premier stressed defense spending at 3.3 billion manats, because "in the current environment it is a priority for the Government." According to him, the country's defense industry produces more than 1 thousand items of specialized products. --17D-
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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