The volume of remittances to Azerbaijan from abroad reduced last year.
As stated in the report on monetary policy on the website of the Central Bank (CBA), compatriots living abroad, and this is a major slice of this segment, transferred their relatives $ 1 billion 183 million. It's 1.5 times less than the results of 2014, when the citizens of the country through transfers received $ 1 billion 709 million. This figure accurately reflects the decrease in the earnings of Azeri migrant workers residing mainly in the CIS countries and Turkey. --17D-
Economics
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
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