BAKU / 21.09.16 / TURAN: On the initiative and with the support of the State Oil Fund of Azerbaijan Baku hosted the third annual two-day summit of the Round Table for Co-investment of Sovereign and Pension Funds (CROSAPF).
The event was attended by 100 representatives from 60 organizations, who discussed the global opportunities and challenges in the financial markets in order to enhance cooperation between the investors.
They also discussed the macroeconomic and political environment, the future of long-term investment management, trends of cooperation and joint investment, access to opportunities in emerging markets, as well as the financing of the project "One belt one way."
It was decided to hold the next summit in the UAE, and in 2018 - in Morocco. --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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