Azerbaijan International Society of Turkish Industrialists and Businessmen (TUSIAB), which is one of the most influential business communities in Azerbaijan, will hold on May 12, the 19th general assembly, which will discuss the activities for the year 2012 and perhaps elect a new chairman.
Currently Chairman of the Board TUSIAB is Murat Bakir, who owns and manages the textile company "Partner MZ".
TUSIAB was founded in 1994 and today comprises 252 companies, including companies with the Azerbaijani capital. These companies employ about 60 thousand people.
Active lobbying activities in Azerbaijan carried out as German and American companies who seek to advance their interests, both in business and local legislation. - 08B-
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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