A loan of 300 million euros issued in February 2012 by the Azerbaijani Ministry of Economy to the government of Serbia has gained shape.
According to the Ministry of Economy of Azerbaijan, head of the department Shahin Mustafayev left for this country to participate in the opening of a car trunk road from Lig to Bolkovci, then to Takovo and further to Prelina. During the visit he will also meet with a number of officials to discuss the prospects of the bilateral economic relations.
Recall that the agreement for a loan of 300 million euros was signed between Shahin Mustafayev and ex-Foreign Minister of Serbia Vuk Jeremic. The funds are allocated for 15 years at an annual rate of 4%, with 3 years of grace period.
The general contractor of the project is the Azerbaijani company AzWirt. --17D-
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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