The Southern Gas Corridor project will be a focus of attention at the Caspian Forum 2013, which will take place in Istanbul on December 4-5, 2013, reads the information posted on the web site of the Caspian Strategy Institute, which is the organizer of the forum.
The Caspian Forum is the platform, which studies economic, political and strategic potential of the Caspian Sea region, and is used to define the fields of cooperation and partnership.
The Forum is aimed at creation of the space for multilateral cooperation and prevention of geopolitical rivalry. The unique conditions of the Caspian Forum contribute to the common vision of the issues of security, economy and energy in the region.
According to the Caspian Forum web site, officials, representatives of the scientific circles, business agencies, politics and representatives of non-governmental organizations around the world will take part the Forum.
The Southern Gas Corridor project will help Europe to diversify its sources of hydrocarbons deliveries and will also help Azerbaijan to get a new market in the face of Europe. The Southern Gas Corridor is a big project, which will satisfy demands of the European consumers in gas for decades to come.—0—
Economics
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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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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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