Switzerland is interested in expanding cooperation with Azerbaijan, whose potential is great, said at a meeting with Minister of Economic Development Shahin Mustafayev in Baku on April 12, Federal Adviser, Head of the Federal Department of Economic Affairs, Education and Research, Johann Schneider-Amman.
The press service of the Ministry of Economic Development after the meeting said that the head of the delegation of the Swiss Government urged businessmen accompanying him and the Azerbaijani private sector to tap the potential business cooperation.
The Minister, in turn, mentioned the role of the joint governmental commission on trade and economic cooperation in the development of relations between the two countries. There has been established the legal basis of these relations: there are more than 29 bilateral agreements.
In Azerbaijan, there are more than 700 companies with Swiss capital. These companies invested in the economy of investments totaling $ 877 million special place among these companies is the company "Holcim". Azerbaijani companies are also showing interest in the Swiss economy. Only SOCAR has invested in the economy of this country 380 million Swiss francs. Trade turnover between the two countries for the first two months of this year increased by 2.9 times, Mustafayev said.
According to the State Customs Committee of Azerbaijan, in 2012 the trade turnover between Azerbaijan and Switzerland was $ 215 million, a decrease of 40%. Azerbaijan had a negative balance of trade with Switzerland in the amount of $ 51 million. - 08D-
Economics
-
Kazakh Energy Minister Almasadam Satkaliyev said on Monday that Kazakhstan and Azerbaijan continue to discuss prospects for transporting Kazakh oil through the Baku-Supsa oil pipeline, which has been idle since spring 2022, Kazakh media reported.
-
The supply of Azerbaijani gas to North Macedonia will transition to a regular basis in the mid-term, an informed source told Turan.
-
In Azerbaijan, the minimum consumption basket may be reassessed next year. This was discussed during a joint meeting of parliamentary committees. The last changes to the consumption basket were made a decade ago. However, during this period, inflation has risen, and the cost of the minimum living standard has also increased. Moreover, some experts believe that the current minimum consumption basket in Azerbaijan requires significant updates, with the inclusion of additional goods and services.
-
Azerbaijan's draft state budget for 2025 prioritizes strategic objectives outlined by President Ilham Aliyev, including economic growth, social development, and reconstruction of liberated territories, according to senior officials speaking at a parliamentary session on Monday.
Leave a review