In September, Azerbaijan and Kazakhstan to Discuss the Possibility of Growth of Their Economic Ties
The next session of Azerbaijan and Kazakhstan on trade and economic cooperation will be held in Astana on September 12-13.
Speaking to reporters, the Ambassador of Kazakhstan to Baku Serik Primbetov said the session will consider the issues of trade and economic cooperation, transport, health, environment, agriculture, education, tourism and culture.
The diplomat's meeting with local journalists was dedicated to the 20th anniversary of diplomatic relations between the two independent states.
According to the Ambassador, this year another event is also scheduled for the development of the bilateral ties - 19-22 November Baku will host Days of Culture of Kazakhstan. -17D-
Economics
-
The EBITDA (earnings before interest, taxes, depreciation, and amortization) of the State Oil Company of Azerbaijan (SOCAR) has been declining in recent years, as reflected in reports by international rating agencies and the company’s own financial statements. SOCAR’s financial report for 2024 is expected in the summer of 2025, but preliminary data from Fitch Ratings indicates a further decline in the figure.
-
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.
-
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.
-
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.
Leave a review