On February 29 in Baku a Joint Declaration was signed after a meeting of the Advisory Board of the "Southern Gas Corridor". The document was signed by 12 ministers who took part in the meeting, including the Vice-President of the European Commission for Energy Maroš Shevchovich. The signatories called for the coordination of actions to accelerate implementation of the project "Southern Gas Corridor" and the expansion the project beyond the EU, including the Balkans. o address issues related to the attraction of new suppliers or transit countries, it is suggested to continue consultations on a bilateral and multilateral level. -02D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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