From January to July, the Azerbaijani economy received foreign investment equivalent to 3 billion 217 million 791.8 thousand manats (+ 44.7% to July 1 of the previous year), the State Statistics Committee said.
Traditional leaders were companies from the UK, investing mainly in the oil sector - 1 billion 30 million 207.7 thousand manats, or nearly one-third (32%) of all investments. In the second place were investors from Turkey who invested 456 million 570.5 thousand manats, which is 2.2 times more than the year before. This allowed them to overtake the "forever silver" Norwegians, on account of which was 387 million 148.8 thousand manats (minus 3.3%). Other investors invested immeasurably less money. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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