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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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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