In January-April 2015, 60 companies, including 16 joint-stock companies, with the participation of the Azerbaijani capital were founded in Turkey, according to the Union of Chambers and Commodity Exchanges of Turkey.
Participation of Azerbaijani investors in the capital of the joint stock companies created for the period is 76.5% (4,391,500 Turkish Liras). In the capital of limited liability companies Azerbaijani entrepreneurs invested 3,392,000 Liras.
Investors invest mainly in trade, catering, tourism, transport and so forth services. ----08B
Economics
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Azerbaijan's metallurgical and manufacturing sectors are experiencing a dramatic upswing, with steel rebar production climbing 78% in October 2024 compared to the same period in 2023. Over the first ten months of the year, the country produced 382,900 tons of rebar, underscoring significant progress in domestic output and industrial capacity.
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Steel production in Azerbaijan is on the rise, growing by 19% in 2024, signaling recovery in a sector often regarded as an industrial health indicator. Bolstered by increased demand from the construction and oil and gas industries, this steady growth underscores broader efforts toward economic revitalization.
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Azerbaijan's Energy Minister Parviz Shahbazov announced on the social media platform X that on Tuesday, he held discussions with Guinea-Bissau's Foreign Minister Carlos Pinto Pereira about potential energy partnerships. The meeting highlighted Guinea-Bissau's interest in Azerbaijan's expertise in energy, particularly in green energy, decarbonization, and oil and gas development.
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Azerbaijan’s strategic foreign exchange reserves surged 7.3% in the first nine months of 2024, reaching $73.5 billion, according to the Central Bank’s recently published Monetary Policy Review.
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