Economy Ministry modest about state investments in creation of industrial zones

Baku, Azerbaijan – In a high-level conference underscoring Azerbaijan’s commitment to sustainable development, officials unveiled a new digital platform and national standards on Environmental, Social, and Corporate Governance (ESG). Organized by the Commission on Business Environment and International Ratings alongside the Small and Medium Business Development Agency (KOBİA) and supported by the International Bank of Azerbaijan (IBA) and Azercell Telecom, the event gathered key figures from government, business, and international organizations.

The 11th Summit of the Organization of Turkic States (OTS) convened on November 6, marking a pivotal moment for deepening collaboration among Turkic nations under the theme "Empowering the Turkic World: Economic Integration, Sustainable Development, Digital Future, and Security for All." Leaders from member states—Azerbaijan, Kazakhstan, Kyrgyzstan, Turkey, and Uzbekistan—gathered alongside observer states Hungary and Turkmenistan, underscoring the organization’s expanding influence on the global stage.

Following negotiations in 2024 between Azerbaijan and the Republic of Congo (capital Brazzaville), SOCAR is intensifying its activities in this African nation.

The Economic Coordination Committee of Pakistan’s Cabinet has approved a contract between Pakistan State Oil (PSO) and the State Oil Company of the Azerbaijan Republic (SOCAR) for the supply of petroleum products to Pakistan from third countries, primarily lubricants and fuel, to be handled by SOCAR Trading, according to an informed source at Turan.