A business forum which, according to the Fund of Azerbaijan Export and Investment Promotion, will bring together representatives of about 40 Czech companies, will be held during the visit of the Minister of Industry and Trade of the Czech Republic, Jan Mládek in Baku Business Center on March 3.
According to the State Customs Committee, in 2014 the trade turnover between Azerbaijan and the Czech Republic increased by 2.1 times, and amounted to $638 million, however, imports from the Czech Republic ($46 million) reduced by two times. We import hatching eggs, hops. pharmaceuticals, steel, air conditioning, refrigeration equipment, digital electronic equipment, motor vehicles, sodium cyanide, detergents, etc. goods. Azerbaijan's exports consists essentially of dig the oil, the volume of which last year increased by $ 376 million.
In 2014, investments of the Czech Republic in Azerbaijan amounted to 132.5 million manats, which is 2.7% of foreign investments. 08B
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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