The Minister of Communications and Information Technology Mahmoud Vaezi who is currently in Azerbaijan on a working visit met in the Ministry of Communications and the Economy. Vaezi, who visited Azerbaijan last time in April this year, continues the negotiations aimed at the development of bilateral economic ties. In particular, he held talks with the Minister of Economy Shahin Mustafayev on the development of joint projects in energy, customs, agriculture, automotive and pharmaceuticals.
Negotiations on the development of cooperation in the field of information technology and communications were held between Vaezi and the Minister of Communications Ramin Guluzade. As a result of discussions, it was decided to form a working group to prepare proposals for cooperation in the field of IT.
But the main objective of the mission of Vaezi was to study issues related to the forthcoming visit of the President of Iran in Baku to participate in the tripartite meeting of the presidents of Azerbaijan, Iran and Russia, which have come close to completing the construction of transport corridor "North-South". According to preliminary information, the meeting should take place on August 8th.
This time Vaezi will not be able to meet with President Aliyev, who is on vacation, and at the same time he carries out his mission, taking into account the special relation to Aliyev, who awarded him the "Friendship" Order for the high-level brokerage services.
In May Vaezi visited Astrakhan, where he directly discussed the activation of freight along the corridor "North-South" and the involvement of Iranian businesses in the project open economic zone "Lotus".
During the first half of the year the trade turnover between Iran and Azerbaijan has increased by 65.7% to $ 89.7 million.-0-
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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