Currently on a working visit to Italy, Ilham Aliyev was met by the Prime Minister of this country Matteo Renzi.
As stated in an official statement, during the meeting in the extended format Renzi noted the successful development of bilateral relations, describing them as partnership and advocated their deepening.
In particular, Renzi noted the importance of cooperation in order to implement the gas pipeline project TAP (Trans Adriatic Pipeline).
In response, Aliyev called the bilateral strategic partnership cooperation, which has been successfully developing in the political, economic, energy, cultural and other spheres.
There are good opportunities for expansion of ties in the fields of infrastructure, agriculture, pharmaceuticals, transportation, health care and other industries. -02D-
Economics
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Last year, Azerbaijan's exports fell sharply. In 2024, the country's exports amounted to $26.55 billion, while imports stood at $21.06 billion. The positive trade balance was $5.50 billion, according to the State Customs Committee (SCC).
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The final investment decision (FID) for the construction of the Shafag Solar Power Plant (SPP), based on a feasibility study, is expected in 2025, BP Vice President for the Caspian Region Bakhtiyar Aslanbayli told journalists on Friday.
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BP Plc plans to start gas production from the deep gas reservoirs of the Azeri-Chirag-Gunashli (ACG) block by the end of 2025, BP-Azerbaijan's head of press service, Tamam Bayatly, told reporters.
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In a strategic move to bolster innovation and technological advancement, Azerbaijan’s İRİA (Innovation and Digital Development Agency) and Israel Aerospace Industries (IAI) have signed a Memorandum of Understanding (MoU). The agreement aims to deepen economic, industrial, scientific, and technological collaboration between the two countries.
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