According to the results of 2014, the trade turnover between Azerbaijan and Russia exceeded $ 4 billion, reaching a historic high, Russian Deputy Economic Development Minister Alexander Cybulski said at the VI Inter-regional Forum in Yekaterinburg.
According to him, over the past 5 years this figure has increased by more than 2 times, and the dynamics of the indicators, despite the difficulties of the world, was one of the best among all the CIS countries. "This year, the rate was slightly slackening because of objective well-known reasons," he said.
Thus, in the first half of this year, trade totaled $ 1.7 billion (minus 20% to July 1 of the previous year). However, as for the physical volume of deliveries of goods, there is an increase by more than 50%.
According to the official, Azerbaijan's trade with Russia shows remarkable diversification - a significant share in the mutual supply is for goods that do not belong to the fuel and energy complex. --17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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