German Companies Eye Azerbaijan’s Expanding Railroad Market

In a strategic move to diversify Europe's energy sources and reduce dependence on Russian gas, Ukraine has proposed a new transit scheme involving Azerbaijan as a gas exporter and Slovakia as a key buyer. According to RBC Ukraine, the initiative aims to reroute Azerbaijani gas through Ukrainian territory, offering a viable alternative to the existing Russian supply lines.

Azerbaijan’s oil and gas sector represented approximately one-third of the nation’s gross domestic product (GDP) during the first nine months of 2024, achieving modest growth of nearly 1% despite a decline in oil production, according to official statistics.

A B2B forum focused on "Green Technologies and Sustainable Development" opened in Baku on Thursday, attracting representatives from various countries and organizations to discuss the critical importance of sustainable development and environmental initiatives.

A newly established shoe factory in Agdam has started exporting its products to Russia and has set its sights on the lucrative European Union market.