The Moscow Government seeking an investment in Azerbaijan
In the capital of Azerbaijan launched "Business Marathon 2014". The organizers are the Ministry of Economic Development of Azerbaijan and the Government of Moscow. The goal is to expand business ties between businessmen of the two capitals, said during the press conference dedicated to the opening of the marathon the deputy head of the Department of Science, Industrial Policy and Entrepreneurship of the Government of Moscow, Dmitry Knyazev. According to him, Baku is not the sole beneficiary - in 2014 the business marathon was held in 40 cities in the regions of Russia and foreign countries.
The capital of Russia is a serious platform for manufacturers, as well as traders and middlemen. So it makes sense to talk about the need to establish direct industrial and trading business cooperation between the two regions, believes the official. "Technology project differs significantly from exhibitions and other similar events, especially careful preliminary study of bilateral contacts which take place within two months of preparation before the actual arrival of the project participants in Azerbaijan," said Knyazev.
According to him, Moscow has created a competitive environment and the Moscow government pays special attention to supporting and subsidizing producers. The business mission is preceded by work to explore the potential business in Baku. They have already prepared a special report to be submitted to local entrepreneurs. In addition, and most importantly, the Moscow city government provides entrepreneurs, including Azerbaijan, protection of business and investment, he added.
According to the manager of the Export and Investment Promotion Foundation (AZPROMO) at the Ministry of Economic Development, Rufat Mammadov, in the last 10 years 170 economic entities with Russian capital have been created in Azerbaijan. Foreign direct investment by Russian entrepreneurs to the local economy ($ 670 million) and Azerbaijani entrepreneurs in the Russian economy ($ 789 million) at the beginning of 2013 were about the same and allow optimistic views about the future.
According to him, there are prospects for both the oil and non-oil economic spheres. -17D-
-
- Economics
- 2 April 2014 15:50
Economics
-
Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
-
The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
-
On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
-
Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
Leave a review