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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Kazakhstan’s budget airline FlyArystan has launched ticket sales for the Baku-Astana-Baku route ahead of the summer travel season, the airline’s press service said on Monday.
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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