In Davos, Switzerland, started a four-day 45th World Economic Forum (WEF) under the slogan "The new global context." It is attended by 2.5 thousand representatives of public, private and non-profit organizations. The founder and chairman of the Forum, Klaus Schwab, said before the opening that, taking into account the presence in Davos of almost all conflict parties in the world , the forum can achieved important results in terms of confidence-building measures, and perhaps even reconciliation. "In my opinion, in 2015, we stand at a crossroads. There is a road of destruction integration path of hatred, fundamentalism, on the other hand - the path of solidarity and cooperation, "he said.
"The new global context" provides the impact of geopolitical conflicts on the economic situation, including the fall in oil prices, the new situation on the energy market, the problems in the banking sector, the prospects for the financial system, the crisis in the European zone, lack of resources, the future of the Internet, the fight against corruption, climate change everywhere growing social inequality, recently, according to Oxfam, becomes rampant. By 2016, only one percent of the world's population will have wealth in excess of the status of all the other people on the planet combined.
The International Monetary Fund Forum has released an updated outlook for the global economy in 2015. It will grow by 3.5 percent, and the leaders, as usual, are the developing countries (4.3 percent). In October, the IMF has promised a more solid growth. Downward revision of forecasts for all the world's leading economies, except the United States.
At the Forum traditionally participates Azerbaijani President Ilham Aliyev. He will make a presentation on January 22 at the session of "Regions in Transformation: Eurasia", which includes issues of attracting long-term investments, including cross-regional trade, security. There will be also separate meetings of Aliyev with a number of participants of the WEF.-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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