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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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