The first step to creating a hub of logistics in Azerbaijan has been made. The Executive Director of the German company DHL Eastern Europe Kerem Behcet Inanc also led the local representative.
The subsidiary DHL Global Forwarding Azerbaijan is registered in the Ministry of Taxes and entered the Ministry’s registry with nominal registered capital of 100 manat.
Recall, the agreement on the establishment of a logistics hub for the transit of goods from China to Europe was reached in Istanbul on May 22 at a meeting of heads of CJSC Azerbaijani Railways, DHL representative for Eastern Europe in the face of Inanc and the DHL representative in China Steve Huang.
DHL with headquarters in Bonn and the main hub in Leipzig was founded in 1969 and is a leader in the global logistics market. More than 5,000 offices operate in 120,000 cities of 200 countries. They have 300,000 employees. --17D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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