Press officer of the Chinese Ministry of Foreign Affairs Hua Chunin said that cooperation between China and Iran in field of commerce and energy is in the interests of the both sides. She said that cooperation between China and the Near East and Middle East countries, including Iran, is completely transparent and does not cause damage to any of the sides.
Hua Chunin said that according to the official information of the Chinese customs administration, during the past years Iran’s oil import, despute the western sanctions, did not change and during this period it varied between 350,000 and 540,000 barrels a day and in 2013 China bought in average 421,520 barrels of crude oil a day from Iran, reported Iran.ru.—0—
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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