Private local agricultural sector can bring technological capabilities colleagues from Kyrgyzstan to acceptable European level. This was in the context of the II Intergovernmental Kyrgyz-Azerbaijani commission on trade-economic, scientific-technical and cultural cooperation First Deputy Prime Minister of this country Tayirbek Sarpashev said in Baku with the Chairman of the Supervisory Board of Azersun Holding, Abdulbori Gozel.
For clarity, the guest from the Tianshan was acquainted with the production of sugar in the Imishly and Bilasuvar canning factories and plantations of crops belonging to the largest agricultural producer countries. During the visit, Deputy Prime Minister of Kyrgyzstan announced a willingness to create all the conditions for attracting investments in the processing industry in the country. The parties have agreed to arbitrate the chances for the establishment and implementation of joint projects in agriculture, in particular, the production of honey and organic vegetables and fruits. --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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