On September 19-21, Baku will host the second in a row Specialized Exhibition Iran Project-2016, in which more than 50 Iranian companies will take part.
At today's press conference on the occasion of the event, the trade attache of Iran in Baku, Mohammad Ibrahim Naghizadeh, said the event is dedicated to the achievements of this country in the field of energy as well as oil, gas and petrochemical industry, automotive industry, construction industry, agriculture and pharmaceuticals.
In addition, as part of the event, the Azerbaijani-Iranian business forum will be held in Baku on September 20.
According to Nagizadeh, while last year (according to their calendar, March 21, 2015 - March 21, 2016) the export of goods from Azerbaijan to Iran totaled $ 15 million, the same level was recorded in the latest three months of this year.
As of September 1, Iran exported to Azerbaijan goods worth $ 178.5 million, the attache said. --17D-
Economics
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The 12th International Caspian Energy Forum commenced today in Baku, organized by the Caspian Energy Club in collaboration with Enermus, bringing together over 500 delegates from across the Caspian-Black Sea and Baltic regions.
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The World Bank has recommended that Azerbaijan cut subsidies in its water sector to enhance system sustainability and address the escalating issue of water scarcity, Stephanie Stollmeister, Manager of the World Bank Representative Office in Azerbaijan, reported.
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Last week, the Central Bank of Russia raised the interest rate from 18% to 19% annually. The decision to increase the rate was made against the backdrop of rising inflation expectations among the public and businesses.
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Azerbaijan’s Cabinet of Ministers has announced a detailed timeline for the mandatory transition of labor contracts to an electronic document format, in accordance with a decree issued by the President of Azerbaijan on June 28, 2024. The resolution, signed on September 17 by Prime Minister Ali Asadov, outlines phased implementation deadlines for different categories of employers, with the aim of modernizing labor documentation and improving efficiency.
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