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
-
Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
-
Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
-
Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
-
Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
Leave a review