Armenia and Turkey are launching direct air cargo transportation. According to Anadolu News Agency, direct air cargo transportation between Armenia and Turkey is permitted from January 1, 2023. According to the sources, the decision was adopted following the negotiations between the representatives of the two countries, including the special envoys for the normalization of the … Read more
According to Azernews, joint measures to expand trade, economic, and investment cooperation, have been discussed by Azerbaijan and Uzbekistan.
It was during the meeting between Uzbek Foreign Minister Bakhtiyor Saidov and Azerbaijani Ambassador Huseyn Guliyev where the discussion took place.
A dynamic development of Uzbek-Azerbaijani relations, strategic partnership and multifaceted cooperation in all directions between the countries due to the regular and fruitful dialogue at the highest level was noted by the parties during the meeting.
The schedule of planned events, including the next meeting of the joint intergovernmental commission on cooperation between Azerbaijan and Uzbekistan, as well as the next round of political consultations through the foreign ministries of the two countries was considered by the parties.
The implementation of joint projects in the automotive, petrochemical, energy and agricultural sectors was additionally discussed by the sides.
Azerbaijan and Uzbekistan established diplomatic relations on October 2, 1995. Azerbaijan established the embassy in Uzbekistan in August 1996, while Uzbekistan opened the embassy in Azerbaijan in July 1998.
Shared values and historical ties, as well as a number of joint statements and agreements signed during bilateral visits and meetings are the basis of the friendly relations between the two countries.
The trade turnover between Azerbaijan and Uzbekistan reached $111.9 million in 2021.
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According to the National Statistical Committee (NSC), Armenia’s foreign trade in the first 11 months of 2022 showed growth by 67.8% compared to the same time period in 2021 and attained $12.5 billion.
Only in November 2022, the country’s foreign trade grew up by 74.5% compared to November 2021, but compared to October 2022 it fell down by 2%. The foreign trade surpassed 5.3 trillion Armenian drams.
The amount of over $4.7 billion was attained by Armenian exports in 11 months of 2022, compared to January-November 2021, (up by 75.2%). Only in November 2022 alone, an increase by 95.8% compared to November 2021 was shown by the exports, but compared to October 2022, it was a decrease by 8.4%. The total exports in eleven months of 2022 surpassed 2 trillion drams.
An increase of 63.6% compared to January-November 2021 was attained by Armenian imports during the reporting period (over $7.7 billion). A 69.9% growth was reached by imports in November 2022 compared to November 2021 and 2.4% compared to October 2022. Total imports in January-November 2022 surpassed 3.32 trillion drams. ($1 – 393.81 drams).
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Ukraine and Brazil are interested in expanding bilateral trade through the removal of trade barriers, promoting business development, and implementing projects within the Investment Menu. “The Ukrainian delegation has already held several meetings with President of Brazil Luiz Inácio Lula da Silva during which the peace formula for the world, outlined by President of Ukraine … Read more
Serbia’s foreign trade in the January-November 2022 period stood at 59.27 billion Euro or 30.8 percent higher than in the same period a year earlier, the Republic Statistics Office (RZS) said on Thursday. Serbia’s exports in those 11 months totaled 24.81 billion Euro or 26.4 percent higher than in 2021 while imports totaled 34.46 billion … Read more
The gross inflow of foreign direct investment (FDI) into Kazakhstan increased by 17.8 percent and reached $22.1 billion in nine months of 2022, reported the Foreign Ministry’s press service on Dec. 30. Manufacturing became the dominant industry for investment, with a 36.9-percent growth ($4.9 billion). The wholesale and retail trade investment saw a 32.6-percent increase … Read more
The number of Armenian trucks passing through the Upper Lars checkpoint on the Russian-Georgian border has almost doubled, Deputy Economy Minister Narek Teryan said. He said the situation began to improve last year after a meeting of economy ministers of Armenia and Russia, when a roadmap for solving these issues was prepared. ‘Today we can … Read more
Azerbaijan and Uzbekistan have discussed joint measures to expand trade, economic, and investment cooperation, Azernews reports. The discussion took place during the meeting between Uzbek Foreign Minister Bakhtiyor Saidov and Azerbaijani Ambassador Huseyn Guliyev. During the meeting, the parties noted that thanks to the regular and fruitful dialogue at the highest level, Uzbek-Azerbaijani relations of … Read more
Armenia’s foreign trade in the first 11 months of 2022 soared by 67.8% from the same time span in 2021 to around $12.5 billion, the National Statistical Committee (NSC) reported. It said in November 2022 alone, the country’s foreign trade was up 74.5% when compared to November 2021, but compared to October 2022 it was … Read more
According to Georgian Prime Minister Irakli Garibashvili, the need to diversify and develop new routes was agreed on by Central Asian countries on Tuesday, and they paid a “special attention” to the transport corridor involving Georgia, highlighting the importance of port, railway and other infrastructure for realizing the country’s role of a regional hub.
As Garibashvili noted in his end-of-year summary of the Government’s work, they announced the search for a new investor for the construction of the Anaklia deep sea port on the Black Sea coast. The state will own 51 percent of its infrastructure. These are “urgent” plans for international investment and state participation in Anaklia deep-sea port revealed by Georgian PM.
The current limitations of the Poti and Batumi ports were also noted by him. According to the Prime Minister, Government did not have “any leverage to make certain regulations in relation to tariffs or anything else”.
He added that record-high revenues were attained by the railway. Record-high levels were shown by both the amount and volume of the transported freight. The modernization of the railways needs to be quickly completed.
They had completed 86 percent of the work of the Baku-Tbilisi-Kars railway project. According to PM, they will officially launch the project in 2024, and passenger and good transport between Azerbaijan, Georgia and Turkey will be facilitated.
The task of transforming the country “not only into an energy and transport hub, but also into a digital hub which will connect Europe to Asia” was highlighted by Garibashvili as one of his team’s “main interests”. According to him, the Rothschild global advisory company’s work on the strategy for transforming Georgia into a regional financial hub had been completed.
As Garibashvili said, the implementation of this strategy and plan will already be started next year, and the results will be reported later.
The creation of a new information technology hub in the former Parliament building in the western Georgian city of Kutaisi with the aim to promote the development of the IT sector in the country was also mentioned by the PM.
Garibashvili said that the hub would attract and employ young people working in the field of IT. He added that this project would support Georgian students and young people in their development. The project would get “tens of millions of dollars” of investments.
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