Deadlines for applications for participation in the American trade mission in Azerbaijan in the organization of the US-Azerbaijan Chamber of Commerce (USACC) and Trade Service have been declared. Applications will be accepted until the end of October, and the extended mission will last for two days - November 18-20.
According to the report the joint chamber of commerce, it is a reaction to the rapid growth and potential of Azerbaijan, as well as the opportunity to study the local market by the overseas partners to overcome some barriers and increase profits, establish relationships with leading regional experts, government officials and global companies. "The mission also focused on the identification of potential partners, customers, suppliers and distributors," read the message of the USACC.
Organizers plan to attract to the business voyage to the shores of the Caspian Sea a specialized companies operating in the field of agriculture, financial services and banking, chemicals and petrochemicals, education, energy, food processing, health care, telecommunications and IT, infrastructure and construction, light industry , engineering, pharmaceuticals, transport and logistics, tourism and hospitality. --17D—
Economics
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Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
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The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
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At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
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This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
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