French private capital can be brought to the management of thermal power plants in Azerbaijan, but it will happen after complete reconstruction of the electricity network while reducing power losses and ensuring energy efficiency.
Discussions of this topic took place at the meeting of Deputy Minister of Energy Natig Abbasov with the delegation of the French organization MEDEF International, which does not exclude the possibility of the implementation of specific measures in this regard, the Ministry of Energy informed.
The French in the face of the head of the company Engie, Heike Liebold, offered to begin to develop an appropriate phased "roadmap" on the privatization of energy facilities. --17D-
Economics
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Azerbaijan’s livestock sector has demonstrated modest growth in domestic production, yet it faces significant challenges as imports of meat and dairy products surge. Recent data from the State Statistics Committee underscores this dichotomy, revealing increases in local output but an even sharper rise in imports, accompanied by persistent price inflation.
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Azerbaijan's agricultural sector faces a critical moment as modest growth in grain production fails to offset a troubling decline in productivity. Data from the State Statistics Committee shows that total grain and legume production grew by 0.7% year-on-year, reaching 3.2 million tons by November 1, 2024. However, this growth is overshadowed by a sharp 6.2% drop in yield, highlighting structural inefficiencies in the sector.
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Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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