During the visit of the state delegation from Saudi Arabia, 10 th December at Baku Business Center will host a business forum with participation of business circles of the two countries.
The Fund for Export Promotion and Investment in Azerbaijan (AZPROMO) told Turan that the forum will be attended by government representatives of the kingdom, as well as owners and managers with more than 50 companies from that country.
According to the State Customs Committee of Azerbaijan, within 10 months of this year, exports of goods from Azerbaijan to Saudi Arabia were at the symbolic level - $ 44.4 thsd with exports doubled. Saudi Arabia exported commodities for $ 27,280,000, an increase of 37 % over the comparable period in 2012.
According to the State Statistics Committee , in 2012 Azerbaijan imported goods from Saudi Arabia totaling $ 23.9 million, including approximately 94% accounted for by chemical products (mainly - polyethylene). -08D-
Economics
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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