Today in Baku will be the next business forum with participation of Kazakh entrepreneurs
Tomorrow at Baku Business Center will host Azerbaijan-Kazakhstan Business Forum on the occasion of the arrival of the delegation of Kazakhstan headed by the Chief Executive of Atyrau Serik Aydarbekov.
The Foundation to promote exports and investment in Azerbaijan told Turan, that the Kazakh delegation includes representatives of various sectors of the economy: food, light industry, agriculture, health care, shipping, energy, etc.
In mid-April of this year was held in Baku meeting with representatives of business circles of Kazakhstan Mangistau region.
According to the Ministry of Economic Development of Azerbaijan, Azerbaijan employs more than 30 companies in the Kazakh capital.
In January-April 2013 the trade turnover between Azerbaijan and Kazakhstan (the data of the State Customs Committee of Azerbaijan) was $ 119 million is 13% less than in the comparable period of 2012. The decrease in turnover due to a reduction of supplies from Kazakhstan wheat. The volume of imports of goods from Kazakhstan totaled $ 102 million, or 18.4% less. 08D
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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