In Baku Business Center on July 9, a meeting between the local and the delegation of businessmen from Italy, according to the Fund for Export Promotion and Investment in Azerbaijan (AZPROMO), which announced the event.
The President of AZPROMO Rufat Mammadov told the representatives of Italian companies on the investment climate and business opportunities in Azerbaijan, urging them to actively cooperate.
The meeting identified priority areas for the development of Azerbaijan's economy, the possibility of co-financing of investment projects, as well as issues associated with the creation of Sumgait chemical industrial park, where investors are exempt from virtually all taxes for a period of 7 years. According to the Ministry of Economic Development, up to the 20th of June this year the Ministry received 20 investment projects, including those from foreign companies.
According to the State Customs Committee, in five months of this year, exports of goods to Italy from Azerbaijan increased by 5.5% to $ 2,334 million and from Italy there were imported goods worth $ 91.8 million, up 3.4% over the comparable period of 2012. - 08D-
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review