On May 10, the Baku Business Center hosted a business meeting with a delegation of the Emirate of Qatar, led by the head of the Business Development Department of the State Investment Agency, Sheikh Abdulaziz Ali al-Thani.
The Ministry of Economy held a presentation of the State Investment Company and Sumgait Chemical and Industrial Park. The Azerbaijani government is trying to attract investment to the non-oil economy via these two structures.
Note that investment activity between the two countries is not high. Foreign trade turnover between Azerbaijan and Qatar did not exceed US $ 0.5 million in 2014-2015 (according to the State Customs Committee of Azerbaijan). ------08D
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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