In 2013, the economy of Azerbaijan will invest 18 billion manat. This is 17.3% higher than the projected figure for this year.
The government plans to invest 11.4 billion manat in the economy in 2013. This represents 63.3% of the investment portfolio of the country. The remaining investments have the private sector.
According to government forecasts, 69.4% of the investment will be directed to the non-oil sector of the economy. The share of foreign investment is only 20%. - 08D-
Economics
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Azerbaijan's Economy Minister Mikayil Jabbarov held discussions with Jérôme Beaumont, Executive Secretary of the Egmont Group, a financial intelligence organization, during the COP29 conference.
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November 16 (Reuters) - Azerbaijan’s Minister of Economy, Mikayil Jabbarov, met with Marco Arcelli, CEO of Saudi Arabia’s ACWA Power, during the COP29 climate summit to review the progress of joint projects in renewable energy.
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Azerbaijan's Minister of Economy, Mikayil Jabbarov, held talks with Heather Evans, Deputy Assistant Secretary for Manufacturing at the U.S. International Trade Administration, focusing on bolstering bilateral ties in energy, trade, and green development.
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The process of securing financing for the construction of the Bilasuvar solar power plant with a capacity of 445 MW and the Neftchala solar power plant with a capacity of 315 MW has been successfully completed.
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