The visit the Minister of Economy of Azerbaijan to Georgia
The President of Georgia Giorgi Margvelashvili and Prime Minister Giorgi Kvirikashvili met with the Minister of Economy of Azerbaijan Shahin Mustafayev, who is on a visit to Georgia, reports Novosti-Georgia. At a meeting with Georgian President Mustafayev discussed the issues of bilateral cooperation in the spheres of economy, energy and trade. "We decided to maximally deepen our cooperation in terms of the development of tourism in the coming year to invest maximum energy in this direction. In the near future the Georgian and Azerbaijani businessmen will begin joint business projects, so that the two economies have been more progressive," said after the meeting of Georgian President Advisor Maya Mikeladze.
At a meeting with Georgian Prime Minister Mustafayev discussed the development of trade relations. The parties agreed to establish a working group which will identify potential products for export to the markets of the two countries. The parties also discussed the upcoming forum in the trilateral format (Georgia-Azerbaijan-Turkey), which will be held on November 16 in Istanbul with the participation of Ministers of Economy and businessmen of the three countries.
Georgia and Azerbaijan established diplomatic relations on November 18, 1992. The countries are actively cooperating in the areas of trade, transport and energy. According to "Geostat" the National Statistics Office of Georgia, Azerbaijan in the first half of the year invested in Georgia 283 million dollars, what is 34% of total foreign direct investment. Thus, Azerbaijan remains the largest investor in Georgia. -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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