Last week review (Nov. 21-25)
Bryza praises Azerbaijan’s work in protecting Caspian ecology
Azerbaijan has done a great job in cleaning the Caspian Sea from oil, Matthew Bryza, former US assistant secretary for South Caucasus and former US ambassador to Azerbaijan, said. The 4th Practical Conference and Mini Exhibition - Offshore and Onshore Oil Spills: Industrial Safety in Oil and Gas kicked off in Baku. The event focuses on readiness of the Caspian Sea littoral states to the ecological challenges, use of new technologies for eliminating the consequences of oil spill, as well as monitoring and prevention of spills, eliminating the pollution and other consequences.
Ilham Aliyev receives Total CEO
President of the Republic of Azerbaijan Ilham Aliyev has received Chairman and Chief Executive Officer of the Total S.A. Patrick Pouyanné. President Ilham Aliyev said cooperation with Total has a good history. The head of state said the project to develop Absheron gas field has good prospects. President Ilham Aliyev said this field has a huge potential, and stressed the importance of a stage-by-stage development of the project.
Azerbaijan works to attract real-estate investments
An international exhibition RecExpo II on real estate and investments kicked off in Baku.
At the opening of the exhibition, the Chairman of the Azerbaijani State Committee on Property Issues Kerem Hasanov said that the main goal of the event is to attract investments, revive the real estate market in Azerbaijan, as well as involve investors in the privatization of state-owned properties. Around 100 real estate projects of Azerbaijan, Europe, Central Asia and the Caucasus are presented at the exhibition.
Along with the 15 Azerbaijani largest companies, construction and investment companies from 10 countries -Turkey, UAE, Russia, Spain, Portugal, Croatia, Hungary, Georgia and others - will present their projects at the Baku Expo Center.
EU provides technical aid to Azerbaijan to create free trade zone
The European Union (EU) has started the project to provide technical assistance to the Baku International Sea Trade Port CJSC (aka Port of Baku) in the sphere of creation of a free trade zone (FTZ) in Azerbaijan, the Port of Baku said in a message. The aim of the technical assistance is to provide the EU’s support to the Port of Baku on the creation of the FTZ, personnel training, holding trainings, as well as the use of European practice in the port’s operations. Addressing the event dedicated to the project’s launch, the port’s Director General Taleh Ziyadov said that the port and the FTZ, which is being created, will have a serious impact on the trade turnover with the European countries.
“European companies, which specialize in the spheres of transportation, logistics, IT, agriculture, will be able to use the FTZ and create production clusters there in order to enter the big markets,” he noted. The project’s implementation period is one year.
Germany invests $400M in Azerbaijan’s economy
German companies operating in Azerbaijan has invested more than $400 million in the country’s economy, Samir Veliyev, head of administration at the Azerbaijani Economy Ministry, said during an international forum in Baku. Currently, 169 German companies operate in Azerbaijan, and some of them are contractors in governmental projects, he said.
Veliyev noted that Germany is of great importance for Azerbaijan and as a foreign trade partner ranks the fourth in the list of the country’s major trade partners.
Azerbaijan, Russia to sign deals on pension, labor migration
Azerbaijan and Russia will sign two bilateral agreements on cooperation in the spheres of pension provision and labor migration, Minister of Labor and Social Protection of Azerbaijan’s Population Salim Muslimov said at a meeting with representatives of Russia’s Social Insurance Fund in Baku. The minister said that Azerbaijan is the only country in the CIS, which has no bilateral agreement with Russia on pension provision.
Delegation of Russia’s Social Insurance Fund led by Deputy Head of the fund Aleksey Polikashin is on a visit to Baku. During the visit, the Russian side has held a number of meetings with Azerbaijani colleagues to study Azerbaijan’s experience in the sphere of automation of processes regarding social protection.
Cambodia invites Azerbaijan business to invest in tourism field
Cambodia is ready to create favorable business conditions for Azerbaijani companies, which intend to operate in the country’s tourism sector, said Cambodian Tourism Minister Thong Khon at the meeting with Azerbaijan’s Ambassador to Cambodia (with residence in Vietnam) Anar Imanov. Minister Thong Khon expressed his will to visit Azerbaijan in 2017 to discuss in detail the issues of cooperation and creation of contractual and legal base between the two countries. In particular, this is about the signing of a memorandum of understanding (MoU) on cooperation in the tourism sphere.
Int’l Rail Business Forum kicks off in Baku
The international railway business forum titled “Strategic partnership 1520: Caspian region” has kicked off in Baku. The event is attended by heads of national railway companies of broad gauge countries, representatives of leading transportation, logistics and engineering enterprises, as well as core institutions of public administration of Azerbaijan and Russia.
Issues of international transport corridors, construction of railway infrastructure, rolling stock manufacturing and building logistics chains will be considered during the forum.
Participants will discuss the issues of the Caspian transit, development of the North-South corridor, diversification of exports, financing, investments, multimodal transportation and others.