In September 2015 Azerbaijan and Czech Republic to sign memorandum on energy cooperation
In September 2015 Azerbaijan and Czech Republic plan to sign the memorandum on mutual understanding on cooperation in the energy field, reported the Azerbaijan Energy Ministry.
The issues of cooperation in the energy field, gas transportation and power generation have been discussed during the meeting between Azerbaijan Energy Ministry Natig Aliyev and Vitseslav Pivonk, Ambassador of Czech Republic to Azerbaijan, in Baku on May 29, 2015.
“During the meeting it has been proposed to draft the memorandum on mutual understanding for the energy cooperation between the Azerbaijan Energy Ministry and Czech Ministry of Industry and Trade. The document is planned to be signed during the visit of Czech President Milosh Zeman to Azerbaijan in September 2015,” reported the same source.—0-
Economics
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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