In January and February of this year, foreign trade turnover was $ 5.6 billion, which is 4.3% more than last year. Trade surplus was about $ 2750 million
According to the State Customs Committee, in January-February this year, Azerbaijan exported goods totaling $ 4 183.8 million is 3.3% more than in the same period of 2012. The share of the EU accounts for 45% of exports ($ 1.9 billion). The share of public sector in the portfolio of exports is 95.3% (approximately $ 4 billion).
For the period indicated, the country was supplied goods to a total of $ 1,433 million is 7.5% more than in January-February 2012. Imports from EU countries amounted to $ 400 million or 28% of imports. The public sector accounts for 31% of imports. The lion's share of exports (93.6%) is energy.
This year Azerbaijan has trade relations with 113 countries of the world. Exported 769 were items of goods and imported - 3 955. Import-export business employs 2.7 thousand businesses. About 2 thousand of them are legal persons, of which 153 belong to the public sector. - 08D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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