Established in March of this year, the German-Azerbaijan Chamber of Commerce (GAVTP) organizes on November 12 grand opening with high-ranking guests from Berlin.
The Chamber in Baku is formed on the basis of German-Azerbaijan Economic Union, and is a part the network of German Chamber of Commerce, which unites similar structures in 120 countries around the world. Founded in Baku Chamber unites 125 German and Azerbaijani companies.
The ceremony at the Four Seasons Baku will be attended by the Deputy Minister of Foreign Affairs of Germany Cornelia Pieper, and the Minister of Economic Development of Azerbaijan Shahin Mustafayev.
Opening the official representation of the German economy, GAVTP aims to use the potential of bilateral cooperation. The Chamber will provide businesses a wide range of services
In the present Turan news release GAVTP noted that trade between the two countries is more than 2 billion euros. Azerbaijan has over the years proved to be a reliable partner in the field of energy. German companies involved in infrastructure projects in Azerbaijan. This mainly concerns the rehabilitation projects for power transmission systems, power plant construction, water management, development of port and transport infrastructure, as well as offshore drilling. -08D-
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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