Baku / 03.10.17 / Turan: The share of the European Union countries in the trade turnover of Azerbaijan is 35%, Economy Minister Shahin Mustafayev said at a meeting with the newly appointed head of the EU representation in Azerbaijan Kestutis Jankauskas, the ministry said.
The Minister noted that over the past 10 years, the share of EU countries in the total volume of investments in the fixed capital of Azerbaijan was 46%, and their share in direct investments in the non-oil sector was 35%.
The Minister stressed that until now the EU has provided technical assistance to Azerbaijan in the amount of 582 million EUR.
In turn, Jankauskas said active work is currently underway on the agreement between the EU and Azerbaijan.
He noted that Azerbaijan and the EU fruitfully cooperate in the energy sector. "Among the priorities is the non-oil sector. Due to the rich tourist potential of Azerbaijan, more tourists from Europe can be attracted to the country," he said. 71D
Economics
-
Azerbaijan has dispatched its first rail cargo shipment from Baku to China, marking a significant milestone in its ambitions to become a critical hub along the Middle Corridor. The Azerbaijan Railways (ADY) confirmed on Sunday that the inaugural "Baku-Xi'an" export block train, comprising 62 40-foot containers, has begun its journey.
-
Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
-
Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
-
Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
Leave a review