On November 7, 2013 Iranian President Hasan Rouhani met with the Armenian Minister of Energy and Natural Resources Armen Movsisian in Tehran to discuss the possibility of expanding of bilateral cooperation.
Presstv.ir reported that at the talks Rouhani has highly assessed the friendly ties between Iran and Armenia and said that it is important for the two neighbors to strengthen their cultural and economic ties. Iranian President has also mentioned importance of implementation of joint economic projects and expressed hope that they will bring the results as soon as possible.
Movsisian welcomed close ties between the two countries and added that the Armenian government is willing to expand relationships with the Islamic Republic of Iran. Armenian Minister assured that his country will take efforts to eliminate obstacles in implementation of the joint projects. He has also handed a written messagge of Armenian President Serzh Sargsian to his Iranian coleague.
On November 5, 2013 in Tehran Iranian and Armenian Energy Ministers signed three agreements to implement joint hydraulic energy projects. Iranian Energy Minister Hamid Chitchian said the agreements envisage exhange of power for natural gas, construction of a new hydraulic power station on the Araks river and growth of the power deliveries between the two countries. The construction of a new power line, which will be funded by the both countries, has been also discussed at the talks. The new power line will help to increase the power deliveries by 100%. Chitchian said that the sides have agreed to export power from Iran to Russia via Armenia, Georgia and Azerbaijan.—0--
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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