Deputy Prime Minister of Azerbaijan Shahin Mustafayev has met with Deputy Prime Minister of Russia Alexey Overchuk, who is on a visit to the country.
Satisfaction was expressed at the meeting with the successful development of Azerbaijani-Russian friendly relations in various fields.
At the meeting, the importance of successful projects implemented in the field of mutual investment was noted, and views were exchanged on the prospects for expanding cooperation in this direction.
The level of interaction in various areas of the industrial sphere was highly appreciated; it was noted that this cooperation also covers territories liberated from occupation.
In conclusion, Shahin Mustafayev and Alexey Overchuk signed the “Roadmap for the development of key areas of Azerbaijani-Russian cooperation for 2024 – 2026.”
The road map provides for taking specific steps to develop cooperation in trade, economic and investment, transport, industrial, agricultural, energy, tourism, humanitarian and social spheres, as well as in the field of food security, innovation and information technology.
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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