The First Economic Forum Azerbaijan - North Rhine-Westphalia, where representatives of business circles of Azerbaijan and Germany to discuss the possibility of expanding economic ties, will be held in Baku July 2.
Forum organized by the NRW International and the Chamber of Commerce in Dortmund with financial support from the Ministry of Economy, Energy, Construction and Transport Province of North Rhine-Westphalia, Germany. Turan was told by the German-Azerbaijani economic union (DAWF).
The forum will be presented to companies operating in the fields of nanotechnology, engineering, agricultural machinery, chemical industry and construction. ---08D-
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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