economy.gov.az
Baku / 09.07.18 / Turan: Expansion of the bilateral relations was discussed during the meeting of Economy Minister Shahin Mustafayev and Russian Ambassador to Azerbaijan Mikhail Bocharnikov in Baku on July 7.
The sides exchanged views on the upcoming Ninth Azerbaijan-Russia Interregional Forum, which will be held in Ganja in September this year.
To organize the forum, the Ministry of Economy allocated 227,400 manat from the state budget ($ 133,700). This work is entrusted to the company S.A. Service created in January of this year.
For five months of 2018, the trade turnover between Azerbaijan and Russia grew by 24%. The 17th meeting of the intergovernmental commission of the two countries is scheduled for the end of the year. 08D--
Economics
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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The German-Azerbaijani Chamber of Commerce (AHK Azerbaijan) hosted its biannual Members' General Meeting in Baku on December 18, 2024, gathering over 80 business representatives to reflect on the chamber’s milestones and chart a path forward.
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