President Ilham Aliyev signed a decree on September 1 "On the financing of certain activities related to the development of tourism in Azerbaijan."
According to the document, in order to promote tourism and expand the possibilities of using modern information and communication technologies in this field, from the Reserve Fund of the President of the Republic of Azerbaijan for 2016 the Ministry of Culture and Tourism will be allocated 800 thousand manats.
Of this sum 400,000 manats will be spent on the establishment of the Register of Tourism and another 400,000 manats - on carrying out a shopping festival in Baku.
Another decree of the President is on the annual observance of September 27 in the Republic of Azerbaijan as a professional holiday, Day of Tourism Employees.- 06D--
Economics
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In the "Contract of the Century," 13 companies from 8 countries (Azerbaijan, the USA, the United Kingdom, Russia, Turkey, Norway, Japan, and Saudi Arabia) participated. The companies involved were Amoco, BP, MakDermott, Yukos, ARDNŞ, LUKoyl, Statoil, Exxon, Turkish Petroleum, Pennzoil, Itochu, Remko, and Delta.
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Azerbaijani Economy Minister Mikail Jabbarov met with a Chinese delegation led by Shen Yi, Deputy Executive Chairman of the All-China Federation of Industry and Trade, on Tuesday to explore collaboration on green energy transition and expand bilateral trade and economic ties.
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Azerbaijan’s Working Group on International Trade held its latest meeting on September 19, assessing the nation’s progress in enhancing its trading environment over the past year. Chaired by First Deputy Economy Minister Elnur Aliyev and Vusal Shikhaliyev, the session included representatives from various government agencies and the private sector.
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Azerbaijan commemorates the 30th anniversary of its pivotal Production Sharing Agreement (PSA) for the Azeri-Chirag-Guneshli (ACG) oil fields, a cornerstone of the nation’s economic transformation. Signed on September 20, 1994, the PSA was extended in 2017 through 2049, ushering in the second phase of what is dubbed the “Contract of the Century.”
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