On Friday ended a three-day visit to Kyrgyzstan of the Azerbaijani delegation headed by the President of JSC Azerenerji Etibar Pirverdiyev.
The Azerbaijani delegation also included representatives of JSC Azenco and JSC Expressbank.
During the visit, during a meeting with First Deputy Prime Minister of Kyrgyzstan Aaly Karashev considered the establishment of the Azerbaijan Investment and Commercial Bank of Kyrgyzstan, Kabar news agency reported.
During the meeting they discussed issues of joint investment projects in mining, energy, fertilizer plant construction in Kyrgyzstan, as well as the creamery construction.
In addition, the Azerbaijani side expressed interest in setting up production of import-substituting production in Kyrgyzstan.
The two sides also discussed the implementation of a joint project to build a Kyrgyz-Kazakh-Azeri oil refinery in the Kyrgyz Republic, and exchanged experiences in the creation of technology parks.
It is known that in 2012-2013 the Azerbaijani State Oil Company SOCAR build a refinery in the Kyrgyz Republic. The agreement was reached during the visit of Atambayev in Azerbaijan in April 2012. -0 -
Economics
-
According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
-
The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
-
Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
-
Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
Leave a review