BAKU / 20.09.16 / TURAN: The Indonesian President Joko Widodo in the next year is to visit Azerbaijan, the Ambassador of this country Husnan Fanani told the Caspian Journal.
The purpose of the visit is the strengthening of economic relations, including trade and transit, as well as the promotion of bilateral investment opportunities. Today, according to the Ambassador, his country, mining 800,000 barrels of oil per day, needs twice as much, so it purchases from Azerbaijan from 400 to 600 thousand barrels of oil plus a small amount of fuel oil.
According to him, there are prospects for the opening in 2017 of direct flights from Jakarta to Baku and back, and the capital of Azerbaijan can become not only a transit point for pilgrims from the largest country of the Islamic world, but in the future, also one of the most popular tourist destinations. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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