In Azerbaijan, up to 700 enterprises are with Russian capital
The volume of Azerbaijan's investments in Russia is $1 billion, while Russia's investments in Azerbaijan reach $3 billion. These statistics were quoted by Deputy Minister of Economy of Azerbaijan Sahib Mammadov during the meeting by the commission for economic and humanitarian cooperation between the governments of Azerbaijan and St. Petersburg. According to the press service of the Ministry of Economy of Azerbaijan, 170 agreements on 50 economic spheres have been signed between the two countries. "About 700 enterprises with Russian capital operate in Azerbaijan. In 2016, the trade turnover between Azerbaijan and Russia increased by 10.5 percent and amounted to $ 2 billion. Russia is one of the main trade partners of Azerbaijan, "Mammadov said. -03D-
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- Social
- 7 April 2017 09:58
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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