Today in Baku, at the Hyatt Regency, the 14th Azerbaijan-German business forum started. This time a large business delegation arrived from the German federal state of Rhineland-Pfaltz headed by the head of the Department for External Relations of the Ministry of Land Economy, Environment, Energy and Cartography Julie Coulombe.
In the office of the German-Azerbaijan Economic Union (DAWF) they told Turan the forum was attended by representatives of eight German companies, which are in construction, transport and logistics, furniture industry, agriculture, etc.
The Ministry of Economic Development of Azerbaijan told Turan, that on August 30, the German delegation will visit the city of Ganja, which will host a similar event with the local business community.
Germany occupied seventh place in the geography of Azerbaijan's exports in the first half of 2012 with $ 520 million. During the same period Germany delivered to Azerbaijan goods totaling a declared value of $ 344.6 million, showing 7.7% and occupying the fourth place in the Azerbaijan imports. Azerbaijan delivers mainly crude oil to Germany, while Germany delivers products of automotive and mechanical engineering, power generation, power tools, household appliances, etc. -08B-
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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