Report
Today Baku hosts the conference Investments in Infrastructure, Power Generation and Renewable Energy Sources in Azerbaijan, which was attended by representatives of foreign countries.
The head of the local office of the European Union Malena Mard said for the EU official Baku is an important trade and economic partner - imports of European products account for more than half of the imports.
According to her, during the recent visit to the Yevlakh region she was convinced of the priorities of agricultural industry products, so she considers important distribution of agricultural products of Azerbaijan in the European Union, offering the Western experience in this field. At the same time, she is interested in the ASAN service’s successful operation principle.
“In addition, the European Union fully supports the official Baku on the issue of ensuring long-term energy security through the project Southern Gas Corridor. We are interested in the transport project East-West,” she said. --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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