About 180 German companies are successfully operating in Azerbaijan, and the trade turnover between Azerbaijan and Germany has increased by 45.4% to $1.8 billion.
This was announced today during a meeting at the Ministry of Economy of Azerbaijan with a delegation headed by executive director of the German East Economic Association Michael Harms.
Giulia Chierchia, BP's executive vice president for Strategy, Sustainable Development and Venture Capital, departs on February 27 for a three-day visit to Baku, which marks a turning point in the development of the energy giant's regional activities.
Against the backdrop of a recently published World Bank study titled "Trade and Transport Medium Corridor," Tbilisi, the capital of Georgia, became the focal point for discussions on optimizing cargo transportation and reducing travel time along the Middle Corridor. Attended by representatives from the governments of Georgia, Azerbaijan, Kazakhstan, and Armenia, alongside stakeholders from state-owned enterprises, the private sector, and think tanks, the event aimed to chart a path towards unlocking the full potential of this vital trade route.
The European Bank for Reconstruction and Development (EBRD) has underscored its commitment to Azerbaijan's renewable energy transition by signaling its readiness to extend a pivotal loan aimed at bolstering the integration of renewable energy sources into the country's energy grid.