The first meeting of the Azerbaijani-British Intergovernmental Commission will be held in London
The first meeting of the Azerbaijani-British Intergovernmental Commission on Economic Cooperation will begin in London tomorrow. At the meeting, which will last two days, will focus on the further development of trade and economic relations between the two countries. Governmental delegation from Baku headed by Minister of Economy Shahin Mustafayev is accompanied by a group of businessmen. Approximately 50% of foreign investments in Azerbaijan belongs to the United Kingdom. Britain invested in Azerbaijan's economy $21 billion.
In 2015, Azerbaijan's trade with Britain was $ 564 million, by two times less than in 2014 (data from the State Customs Committee.) The export of Azerbaijan ( $10.6 million) decreased to 91.5% over a year, and decreased to 43,5% ($553,300,000.) -- 08D-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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