What Does Privatization Agenda 2020 Promise Investors?

Azerbaijan has been named the most popular tourist destination among the countries of the Persian Gulf, according to a new report aimed at members of the Gulf Cooperation Council (GCC)—which includes the UAE, Bahrain, Saudi Arabia, Qatar, Oman, and Kuwait. Garnering a notable 38% preference rate, Azerbaijan topped the list of ten favored tourist destinations, as revealed in the "Connecting Travel Insight Report" prepared by Jacobs Media.

British oil giant BP has reported a significant decrease in its financial performance for the first quarter of 2024: net profit fell by 45% compared to the same period last year and amounted to $ 2.723 billion. This decline is primarily due to lower energy prices, reduced production volumes and disruptions in the operation of refineries.

Since October 2023, an Azerbaijani company has been building a five-star hotel with a park belonging to it on the shores of the Lake Issyk-Kul in Kyrgyzstan. The cost of work on the territory of more than 17 hectares, near the village of Kara Oi, is estimated at 8-10 billion Kyrgyz soms (10 billion soms - more than 112 million dollars). The construction is supervised by the Administration of the President of Kyrgyzstan, as the decision to start work was made at the level of two presidents. The agreement was signed on October 12, 2023 in Bishkek. And the consent of the country's parliament was received on December 21 of the same year.

Bulgarian President Rumen Radev intends to visit Azerbaijan on May 8 at the invitation of his Azerbaijani counterpart, President Ilham Aliyev. This visit, which was postponed from last month due to internal political turmoil in Bulgaria, is aimed at strengthening the strategic partnership between the two countries in many sectors.