The combination of opportunities in the growing e-commerce sector stimulated productive discussions between the Ministry of Economy of Azerbaijan and a high-level delegation from Alibaba, the e-commerce giant of China. Against the backdrop of Azerbaijan's strategic ambitions to diversify the economy and promote exports, the dialogue highlights concerted efforts to harness the potential of digital platforms to expand trade and investment opportunities.
The Central Bank of Azerbaijan (CBA) reports on the downward line of dollarization in the country's banking sector. The latest monetary policy report reveals a significant reduction in the level of dollar-denominated deposits among individuals and legal entities, underscoring evolving dynamics in monetary policy and financial behavior.
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.