Today, as part of the visit, Vice-Premier of the Netherlands, the Minister of Economic Affairs, Agriculture and Innovation of the country Maxim Veragena signed a declaration on the draft agreement on mutual protection and promotion of investments.
In addition, between the Azerbaijan State Agrarian University and consulting company for the production of dairy products "Friesian" agreement of understanding "courses Masters in business management and development of the experimental farms." Azerbaijan Diplomatic Academy and the control center of Maastricht signed a memorandum on business management and engineering design contract for the construction of an office area of ??10 thousand square meters. m under the "Baku - the white city".
As Turan reported in the press service of the Ministry of Economic Development, the country is an important economic partner of Azerbaijan. Here in the various business sectors involved 70 Dutch companies that have invested in the local economy $ 365 million exports from the Netherlands to Azerbaijan in 2011 increased three times. From January to August this year, trade between the two countries increased by 42%. In general, the two countries signed 10 agreements in the economic sphere.
The forum was attended by representatives of the spheres of economy, logistics, industry, ICT, agriculture, construction and engineering, energy, architecture, waste management, etc.
According to the State Customs Committee, in the first half of 2012, imports from the Netherlands to Azerbaijan totaled $ 70.4 million (+32.6%), while exports - $ 3.8 million (+22.5%).
The Netherlands, also known as offshore zone is included in the leading position in terms of direct investment in Azerbaijan. In Azerbaijan, a number of companies operate with the Dutch capital. - 17D-
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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