On July 18, 2024, political consultations between the Ministries of Foreign Affairs of Turkmenistan and Romania took place in Bucharest. The Turkmen side was headed by Deputy Minister of Foreign Affairs of Turkmenistan Akhmet Gurbanov, the Romanian side was headed by Secretary of State of the Ministry of Foreign Affairs of Romania Ana Tinka.
Turkmenistan, Azerbaijan, Georgia, and Romania are set to sign a quadrilateral intergovernmental agreement to establish the international transport route "Caspian Sea – Black Sea" in Bucharest in 2024, the Ministry of Foreign Affairs of Turkmenistan reported on Tuesday.
The announcement followed discussions in Bucharest between Adrian Gheorghe Focsa, Secretary of State of the Ministry of Transport of Romania, and Akhmet Gurbanov, Deputy Minister of Foreign Affairs of Turkmenistan. The officials held "an in-depth and engaged dialogue on all key areas of the bilateral agenda, including issues of political and diplomatic cooperation, trade, economic, cultural, and educational partnership," the ministry said.
The route aims to enhance connectivity between Europe and Central Asia, facilitating the movement of goods and boosting regional trade. This initiative aligns with earlier reports of potential Turkmen gas supplies through Azerbaijan and Georgia to Turkey.
The European Union has expressed strong support for the project, planning to invest 10 billion euros in the Trans-Caspian Transport Corridor, which will link Europe and Central Asia. The investment underscores the EU's commitment to strengthening economic ties and energy security in the region.
Economics
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, participated in the "Circle of Leaders: Financing the Energy Transition - New Horizons" session during the World Economic Forum (WEF) in Davos, emphasizing the country’s strategic role in global energy security and its green energy transition initiatives.
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Around 200 employees of SOCAR, Azerbaijan's state oil company, staged a strike in Batumi, Georgia, on January 21,demanding wage increases, local outlet Batumelebi reported. Participants included technicians and staff from various departments who argued that their long-standing minimal salaries fail to reflect their workload.
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On January 21, during a meeting in Davos, Azerbaijani President Ilham Aliyev met with Henrik Poulsen, Chairman of the Supervisory Board of Carlsberg Group, and Jacob Aarup-Andersen, the company's CEO. The discussions emphasized Carlsberg Group's expanding presence in Azerbaijan and its commitment to developing local production and sustainability.
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In 2024, Azerbaijan's "Single Window" Export Support Center processed 1,747 requests from businesses and individuals, facilitating the issuance of 3,982 export certificates. According to Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communications, these efforts supported export operations valued at USD 288.2 million.
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