Baku/14.10.17/Turan: The U.S. Embassy to Azerbaijan reported that from October 16-18, The United States-Azerbaijan Chamber of Commerce and the U.S. Department of Commerce will lead a trade mission of 14 U.S. companies to Azerbaijan. There are 27 participants on the mission, making it the largest trade mission of U.S. companies to Azerbaijan ever. The companies represent a broad swath of commercial sectors, and will engage in business-to-business and business-to-government meetings while they are here. The companies will also have a roundtable discussion with the Ministry of Economy and AzPromo.
Commercial Counselor for Turkey and Azerbaijan William Czajkowski and Managing Director at the Overseas Private Investment Corporation Kenneth Angell are accompanying the delegation. Together with U.S. Ambassador Robert F. Cekuta, they will meet with government ministries to discuss the government"s reform agenda and how to help Azerbaijan attract more American investment. -0---
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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