Visiting Baku, the delegation of the company X5 Retail Group (Russia) met with representatives of the local private sector. The visit was organized at the invitation of the Azerbaijan Export and Investment Promotion Fund (AZPROMO).
The AZPROMO statement noted that X5 Retail Group is one of the largest companies in Russia, which controls an extensive network of retail trade of food and other goods.
Representatives of the Azerbaijani Association of Producers and Exporters of Fruits and Vegetables agreed with X5 Retail Group about the direct delivery of the goods to the Russian market.
Russia ranks first in importing Azerbaijani fruit and vegetables. ------08D
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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