Tomorrow at Baku Business Center, as part of the visit to Azerbaijan of the Minister of Economic Development of Italy, Carlo Calenda, a business forum will be held with the participation of businessmen of the two countries.
To participate in the Azerbaijani-Italian business forum in Baku arrive representatives of over 50 companies representing various sectors of the economy (construction, architecture, design, hydropower, construction materials, etc.), Turan was told in the Fund for Export Promotion and Investment in Azerbaijan.
According to the State Customs Committee of Azerbaijan, in the first 9 months of this year from Italy were brought into the country goods worth a total of $ 173.7 million, up 1 % less than in the comparable period of 2012. To Italy were delivered goods worth $ 4.4 billion, a 10.9 % increase over the same period in 2012. As of 2012, Azerbaijan imported mainly from Italy black metal and various fittings, electrical equipment, medicines, special equipment and vehicles, manufacturing equipment, and finished furniture. Azerbaijan exports up to 99% of crude oil and petroleum products, as well as fruits, juices, and wood. - 08D-
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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