Azerbaijan Takes One of the First Places in the World for Amount of Investments Per Capita

Azerbaijan Takes One of the First Places in the World for Amount of Investments Per Capita

The meeting of the Azerbaijani-Turkish Business Council took place in Baku on December 19. The delegation headed by the Turkish Minister of Trade and Industry, Ali Joshgun, arrived in Azerbaijan to participate at the meeting, Trend reports. The delegation includes nearly 25 Turkish business people. More than 100 Azerbaijan companies participated in the event.

During the opening of the meeting, the Azerbaijani Minister of Economic Development, Heydar Babayev, presented information on the macro-economical situation in the country.

According to him, as per the result of 2005, the GDP growth equaled 24,6%, but this year it is forecasted at the level of 32%.

Nearly 500,000 new workplaces have been created in the country. $20 bln have been invested into the Azerbaijan economy. For the amount of the investments per capita, Azerbaijan takes one of the first places in the world, he said.

According to Turan Morali, the Turkish Ambassador to Azerbaijan, the improvement of the state economy is continuing in Azerbaijan, but there are certain problems for the new enterprises.

In relation with this, a number of companies functioning in Turkey are still afraid to come to Azerbaijan, but we will tell them that they need to invest now since the reformation process in the country is dynamic, he said.

According to Natig Aliyev, Minister of Industry and Energy of Azerbaijan, who was present at the meeting, all neighboring countries have energy dependence on Azerbaijan.

If Kazakhstan will transport the hydrocarbon via Azerbaijan, Turkmenistan will also come to the same conclusion, he said.

According to Ali Joshgun, today Turkey takes the 17th place among 20 most economically developed countries. We are ready to share with Azerbaijan the experience, to use our know-how in the country and produce competitive products, he said.

According to him, the relations between Azerbaijan and Turkey should not be based on only fraternal, but also economical ties.

Over the past 4 years, Turkey increased the export revenues from $30 bln to $80 bln, with 90% at the expense of the industrial products. The trade turnover between Azerbaijan and Turkey is expected to reach $1 bln in 2006, he said.

Iran reveals COVID-19 data for January 20
Iran reveals COVID-19 data for January 20
Iran, Cuba joint COVID-19 vaccine to begin new phase of testing in Havana
Iran, Cuba joint COVID-19 vaccine to begin new phase of testing in Havana
Iran reveals COVID-19 data for January 19
Iran reveals COVID-19 data for January 19
Loading Bars
Latest
Events of Jan.20, 1990 divided life of Baku citizens into "before" and "after"
Kazakhstan bans import of Azerbaijani tomatoes
Review of Georgian exports to China
Azerbaijani troops hold several events in connection with January 20 tragedy (PHOTO/VIDEO)
Georgia increases wine exports to Azerbaijan
Azerbaijan becomes Georgia's second export partner
Kazakhstan reports decrease in mutual trade volume with Vietnam
Geostat reveals data on China's exports to Georgia
Iran reveals COVID-19 data for January 20
Turkey mobilized to support Azerbaijan in post-war period, says ambassador
Uzbek-Korean JV names volume polyethylene output in 2020
Container shipping rates surge in Georgia
Passenger transportation volume by road surges in Kazakhstan
Georgia may lift restrictions on international flights
Georgia sees decrease in electricity consumption
January 20 events of 1990 aimed to strangle Azerbaijan’s fight for independence – historian
Turkmenistan’s Mary State Power Plant names production indicators of 2020
Iran dismisses having any 'secret talks' with Biden's team to bring US back to JCPOA
New geopolitical reality following Karabakh war to make contribution to GDP growth in Azerbaijan - Economy Minister
Iran to commit to JCPOA obligations - if Europe, US return - FM Zarif
Commerzbank deepens partnership with Microsoft
Central Bank reveals volume of property appropriated by Georgian commercial banks
Kazakhstan's Baikonur Cosmodrome starts launching works for 2021
Azerbaijani Kapital Bank’s total assets increase as of 2020
Carnations blooming today along with khari bulbul in Azerbaijan – Turkish FM
Exports of Iran's steel products declines
French ambassador to Azerbaijan talks about January 20 tragedy
Turkmen carpet weaving enterprise reveals production volume
Iran may cancel additional protocol on nuclear deal - Foreign Policy Commission
Azerbaijan keen to develop relations with Turkey, Pakistan in almost all spheres
Azerbaijani people honoring memory of 20 January tragedy victims (PHOTOS)
Caspian Shipping Company’s marine flotilla reveres memory of January 20 martyrs (VIDEO)
Armenians destroyed mausoleum of outstanding Azerbaijani poet in Shusha - monitoring results
Azerbaijan's State Service for Property Issues unveils amount of transfers to state budget
Supply of Indian manufactured vaccines to neighbouring and key partner countries
Azerbaijan progresses with cotton yields in 2020
EU's Michel calls on Biden to form new transatlantic pact
Jewish community in Azerbaijan revere memory of victims of January 20 tragedy
India to gift 2 mn doses of Covid-19 vaccine 'Covishield' to Bangladesh
India, Japan sign Memorandum of Cooperation to help promote movement of skilled workers
Georgia reports 469 new COVID-19 cases for Jan.20
UK ambassador to Azerbaijan makes statement on January 20 tragedy
Benefits provided for Uzbek entrepreneurs likely to be extended
Share of domestic exports up in Georgia
Azerbaijan discloses number of mandatory health insurance services in 2020
Azerbaijani president, first lady visit Alley of Martyrs on 31st anniversary of 20 January tragedy (PHOTO)
India, Oman Hold Discussions On Bilateral Cooperation
Turkmenistan's Turkmengas to buy chemical products via tender
Uzbekistan, Turkey to work on approving agreement on preferential trade
Azerbaijan’s Kapital Bank reveals 2020 net profit
EU Delegation mourning victims of “Black January” tragedy - statement
Copper ores and concentrates top export goods in Georgia
Azerbaijan holds minute of silence to honor January 20 victims (PHOTOVIDEO)
Modi gets SOS message for vaccine from Caribbean nation that stood by India
Black January means symbol of struggle for independence - Charged ’Affairs of Azerbaijani Embassy in Ethiopia
Iran’s South Pars Gas Company beats new record on export
First Vice- President Mehriban Aliyeva shares Instagram post on 20 January tragedy (PHOTO)
Uzbekistan’s Central Bank to place bonds on republican currency exchange
Georgia sees decrease in external merchandise trade
Turkmenistan's Mary region opens tender for construction
Turkmenistan signs contract for aircraft purchase from French Airbus
UK inflation rises a little more than expected in December
Largest share of mortgage loans falls on Uzbekistan’s Samarkand region
Article on Black January tragedy of Azerbaijani Consul General in LA published
EU4Business supports expansion of Georgia’s biggest digital creative agency to global markets
Кazakh Electricity Grid Operating Company to buy construction materials via tender
Azerbaijani oil prices continue to grow
Phased COVID-19 vaccination continues in Azerbaijan - Ministry of Health
Kazakh Embassy extends condolences to Azerbaijan on 20 January tragedy's anniversary
Number of Uzbek banks raise dollar rate
EBRD names loans volume provided for Uzbekistan during COVID-19
EBRD, State Electricity System of Georgia implement new energy project
Uzbekistan names start date for vaccination against COVID-19
Azerbaijani Ministry of Agriculture holds meeting on results of cotton growing dev't (PHOTO)
Azerbaijani company reveals growth in 2020 total insurance revenues
Aide to Azerbaijani president shares post on Twitter on anniversary of 20 January tragedy (VIDEO)
As always, on Day of National Mourning, we mourn with Azerbaijan - Turkish Embassy
Iran, Cuba joint COVID-19 vaccine to begin new phase of testing in Havana
Iran, Iraq discuss transit operations
Electricity generation potential of Iran's Kerman Province announced
Russia's Gazprom increases purchases of natural gas in Turkmenistan
Azerbaijan applying innovations for agrochemical soil analysis
Turkic Council commemorates heroes of Azerbaijan on occasion of 20 January tragedy anniversary
Azerbaijan to ease the health protocols for Iranian transit and export trucks
Azerbaijan’s Consulate General in Los Angeles produces short film on Black January tragedy
Iranian currency rates for January 20
Azerbaijan issues data on lending to communications, transport sector for 11M2020
European oil majors to prioritize large-scale developments in two regions
European oil majors to increase green investments to 16-17% of total spending
Azerbaijan’s Ministry of Ecology and Natural Resources discusses proposals for plastic bags
Iran's export transportation costs doubles
Greek parliament mulling IGB deal
Azerbaijani ministry talks on countrywide cybersecurity
Uzbekistan reveals COVID-19 data for January 20
Azerbaijani MFA issues statement on anniversary of 20 January tragedy
Oil rise on hopes of U.S. stimulus and crude stocks drawdown
Kazakhstan significantly decreases petroleum oil exports to Greece
Big Azerbaijani bank’s volume of total assets down
Russian and Azerbaijani sappers continue defusing mines in liberated territories (PHOTO)
Over 2,000 foreigners apply for 'Remotely from Georgia' state programme
All news