During 10 months of 2012, the trade turnover between Azerbaijan and EU countries amounted to $ 11,291 million (41.2% of the foreign country portfolio). The volume of imports and exports to the EU declined compared with the same period last year to 27.7%, Turan was told in the State Customs Committee of Azerbaijan.
During the past period of this year Azerbaijan exported goods to the EU for a total of $ 9.2 billion (46.6% of exports), which is 30% less than the same period last year. Total cost of goods imported to Azerbaijan from these countries amounted to $ 8 February billion is 15% less than in the same period of 2011 ode.
The imports from the EU declined due to France, from where in the 10 months of this year, delivered were goods worth $ 138 million, while in the same period last year the figure was $ 490 million. - 08B-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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