The 10th meeting of the EU-Azerbaijan Subcommittee on Energy, Transport and Environment was held in the Ministry of Transport. The EU delegation is headed by the head of the program department of the Eastern Partnership Dirk Schuebel. The meeting noted the important role of Azerbaijan in the development of transport links between Europe and Asia.Deputy Transport Minister Musa Panahov said Azerbaijan's interest in the development of political and economic relations of the EU. During the meeting the sides discussed issues of EU technical assistance to the transport sector of Azerbaijan, the promotion of the EU to the implementation of the Azerbaijan section of the East-West and others. -03D06-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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