Economics
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Azerbaijan and Uzbekistan signed 11 strategic agreements, including the creation of a $500 million joint investment fund, during the inaugural Uzbek-Azerbaijani interregional forum held in Tashkent, marking a significant step towards strengthening their economic partnership.
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The State Oil Fund of the Republic of Azerbaijan (SOCAR) reported a significant increase in its sales last month totaling $623.4 million. This represents a significant increase, as it is 2.1 times higher than the sales volume for the same period last year, when sales amounted to $ 286 million.
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On May 2, Baku hosted the first Forum of Tour Operators of the Organization for Economic Cooperation (ECO) member states, marking a significant step toward enhanced regional collaboration in the tourism sector.
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The 57th annual meeting of the Asian Development Bank (ADB), which began on May 2 in Tbilisi, Georgia, is centered around the theme "Bridge to the Future," with a significant focus on improving communication and trade relations between Europe and Asia through the "Middle Corridor." The discussions at the meeting are aimed at exploring ways to use this corridor to boost economic growth and integration across the regions.
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