Deputy Economy Minister Niyazi Safarov participated in the Swiss-Azerbaijani Investment Forum.
According to him, from 2006 to 2016 Swiss companies have invested $ 550 million into the economy of Azerbaijan.
Speaking about the development of bilateral ties, he noted that the country currently has more than 40 Swiss companies, but this is not the limit, "because there is urge to increase investments in Azerbaijan," he said.
In addition, during the visit the Deputy Minister held meetings with a number of enterprises, in particular, pharmaceutical companies, inviting them to a mutually beneficial cooperation. --17D-
Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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