Website of the intergovernmental commission for bilateral partnership between Azerbaijan and Italy
BAKU/17.12.13/TURAN : Prepares information portal of the intergovernmental commission for bilateral partnership between Azerbaijan and Italy .
Today, a new round of negotiations on the capacity of export opportunities between the two countries . According to Energy Minister of Azerbaijan, co-chair of the commission Natig Aliyev in Azerbaijan today are world-renowned Italian companies , and Italy is the number one partner of Azerbaijan .
According to Deputy Minister of Foreign Affairs of Italy , co-chair of the commission Dassudi Martha , to regulate the activities of Italian companies in other countries and further development at the Ministry of Finance of Italy established a special agency . Agency to provide financial support to these companies allocated funds amounting to 350 billion euros, and for the expansion of economic relations between the two countries should be created a joint website. - 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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