Serbia expects investments from Azerbaijan
Negotiations one-on-one and in the broad format in Baku today between the presidents of Azerbaijan and Serbia, Ilham Aliyev and Tomislav Nikolic, resulted in the signing of three documents. The heads of states signed the Declaration on friendly relations and strategic partnership; intergovernmental agreements on cooperation in the field of veterinary medicine; and in the field of information and communication technologies.
During the talks, Aliyev noted the availability of good prospects for the development of economic cooperation, particularly in the areas of transport, energy and investment.
Nikolic, noted with satisfaction that Azerbaijan has become a reliable partner of Serbia in the eastern part of the world, and said that his country was interested in Azerbaijani investments.
So far, the legal basis of relations between the two countries was 21 documents. Last year trade turnover between Azerbaijan and Serbia amounted to $35 million. At the same time, Azerbaijan offered Serbia a loan for 308 million euros to build highways.—06D--
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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