Investment opportunities in the financial sector of Azerbaijan are interesting to American banks and other institutions in this segment.
On this occasion, on May 26 in New York there will be the first US-Azerbaijan business forum. According to the information resource Market Watch, an important goal of the event organized by the US-Azerbaijan Chamber of Commerce (USACC) is to determine the investment opportunities of Azerbaijani banks in the United States.
The report quoted the Chairman of the Board of Pasha Bank (one of the organizers) Farid Akhundov that "the parties would like to see a new level of cooperation that will contribute to the expansion of economic ties of the United States not only with Azerbaijan but also with the whole region." --17D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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