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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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