Published "Monitoring of mutual investments in the CIS - 2014". The document, developed by the Center for Integration Studies of the Eurasian Development Bank (EDB IIC), noted that the volume of direct investments of the CIS and Georgia at the end of 2013 amounted to $ 49.1 billion, which is 5.5% lower than a year earlier. Russia accounted for almost 85% of the accumulated mutual direct investment ($ 41.63 billion) in the region, and 9% - the share of Kazakhstan ($ 4.37 billion).
Azerbaijani companies prefer to invest in the CIS countries in the field of transport. Main partners are Belarus and Georgia. Local investment grew in Georgia and Ukraine due to the government-controlled investors. Azeris, according to analysts, are actively engaged in small projects. For example, in Kazakhstan, more than 700 companies from our country have invested.
By the end of 2013, accumulated direct investment from Azerbaijan in the amount of $ 1.25 billion., Of which $ 820 million. Invested in the transport sector, which indicates not in favor diversification. The major donor is SOCAR, whose share comes to $ 720 million. State Oil Company, SOFAR, JSC Azerbaijan Railways and Azersun Holding invested in oil terminal in Georgia, the Baku-Tbilisi-Kars railway, and the construction of a logistics center in free economic zone "Seaport Aktau" in Kazakhstan.
According to the center, SOCAR takes the 15th place among the CIS investors. --17D-
Economics
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Azerbaijan is poised to increase wheat imports for the 2024-2025 season following a significant drop in domestic wheat production this year. According to data from the State Statistics Committee, the country harvested 1.68 million tons of wheat in 2024, marking an 8.1% decline from the previous year. This downturn in output, combined with rising import volumes in recent months, indicates that Azerbaijan may lean more heavily on foreign suppliers to meet its wheat needs.
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Azerbaijan Railways CJSC (ADY) has announced the restructuring of its container transportation management in an effort to enhance the efficiency of transit cargo transportation. As part of this reorganization, ADY Express will merge with ADY Container starting on November 1, 2024. The consolidation is aimed at expanding the range of services offered in both container and carriage transportation.
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Azerbaijan has introduced a legal framework enabling the electronic state registration of legal entities with foreign investments, regardless of whether their founders are individuals or legal entities, according to the State Tax Service. The announcement was made by Samira Musayeva, Deputy Head of the State Tax Service, during a meeting of the "Entering Business" Working Group.
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The World Bank aims to deepen its involvement in Azerbaijan's economic development through a new partnership framework program, according to discussions between Azerbaijani officials and World Bank representatives. The proposed framework, which will cover the years 2025-2029, is designed to support the country’s transition to an innovative and less resource-dependent economy.
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