The Azerbaijan State News Agency

ECONOMY

German companies eager to participate in reconstruction efforts across Azerbaijan`s liberated areas

Baku, February 28, AZERTAC

Azerbaijan`s Minister of Economy Mikayil Jabbarov has met with a visiting delegation of German businessmen led by Michael Harms, the Executive Director of the German Eastern Business Association.

The event convened the leadership of institutions under the Ministry, Azerbaijan Investment Holding and German Ambassador to Azerbaijan Ralf Horlemann.

During the meeting, Mikayil Jabbarov highlighted Azerbaijan’s favorable investment environment for international partners and German companies, adding that the successful experiences of cooperation stimulate the development of relations across various domains of the economy.

He underlined that Azerbaijan attaches great importance to the development of economic, trade, and investment cooperation with Germany.

“The trade turnover between the two countries increased by 45.4 percent in 2023, amounting to $ 1.8 bln. Currently, about 180 German companies are successfully operating in Azerbaijan,” Mikayil Jabbarov noted. The Minister highlighted Azerbaijan's economy, business, and investment environment.

The conversation also touched upon the development of renewable energy projects in Azerbaijan and the energy partnership between the European Union and Azerbaijan.

Mikayil Jabbarov noted that the increase in logistics and transport capabilities of Azerbaijan opens wide opportunities for German companies` activities in the country.

The minister emphasized that Azerbaijan`s hosting of the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change (COP29) underscores the country`s commitment to the development of the "green economy" and addressing global challenges.

Representatives of German companies and institutions then submitted their proposals, expressing their eagerness to participate in various sectors of Azerbaijan`s economy, including restoration and reconstruction efforts across the liberated territories.

German businesspersons are also scheduled to visit the Alat Free Economic Zone and the Baku International Sea Trade Port.

 

Share news on social media

Follow us on social network

Global defence budget jumps to record high of $2440bn

Conference on Azerbaijan-China relations commences in Baku

Georgian parliamentary delegation pays tribute to Great Leader Heydar Aliyev and Azerbaijani martyrs

Türkiye's President Erdogan arrives in Iraq's capital Baghdad for talks

Sun Zhuangzhi: Azerbaijan is of great significance to Chinese people

OIC General Secretariat welcomes agreement reached by Azerbaijan-Armenia Border Delimitation Commission

UN says heavy rains to affect about 770,000 people in Somalia

Air Defense Units conduct live-fire tactical exercise

President of Azerbaijan Ilham Aliyev arrived in Russia for working visit VIDEO

N. Korea fires unspecified ballistic missile towards East Sea: S. Korean military

Qatar welcomes agreement between Azerbaijan, Armenia on demarcating borders on lands belonging to four villages

11 missing in Guangdong rainstorm

Azerbaijani Paralympic swimmer secures European gold in Portugal

UK returns looted Ghana treasures on loan in six-year deal

Global oil prices drop

Azerbaijan relocates 39 more families to Fuzuli city VIDEO

UAE welcomes agreement between Azerbaijan and Armenia

Real Madrid secure hard-fought 3-2 win against Barcelona

1,300 people evacuated as 1999 NATO bomb removed from Serbian city

Japan PM sends offering to war-linked Yasukuni shrine for spring rite

Ersin Tatar announces upcoming visit to Azerbaijan

Azerbaijan claim bronze in Group 5 Hoops event at Rhythmic Gymnastics World Cup VIDEO

Norwegian Foreign Ministry welcomes progress on border delimitation between Armenia and Azerbaijan

Two Japan navy helicopters crash, one body found, 7 missing

China launches new remote sensing satellite VIDEO

Azerbaijan win group all-around bronze at Rhythmic Gymnastics World Cup in Baku

US House approves major military aid package for Ukraine

Salvator Rosa painting stolen from Oxford recovered in Romania after four years

Silva brings 1-0 FA Cup semifinal victory to Manchester City against Chelsea

Charles Michel welcomes agreement between Armenia and Azerbaijan

COP29 Presidency hosts “Dialogue on Enabling Global Action for Climate Finance” to drive necessary climate action

‘We are pleased for Azerbaijan to host COP29 Conference’

China’s Russian oil imports rise by 13% in first quarter of 2024 — customs

Ecuador president declares state of emergency over energy crisis

Azerbaijani gymnast advances to World Cup final in Baku

Nigar Arpadarai: All partners have strong interest in COP29

Cannes Film Festival 2024 poster unveiled

® Bakcell to deliver a massive giveaway of 100,000 GB!

Swedish Foreign Minister welcomes agreement on border delimitation between Armenia and Azerbaijan

AERA and ERRA hold international workshop in Baku

Emirates, FlyDubai flights back on schedule, but Indian carriers restricted in Dubai till Sunday

“We appreciate the launching of the COP Presidencies Troika,” says Prime Minister of Barbados Mia Mottley

US to withdraw military personnel from Niger, source says

Azerbaijani FM meets with outgoing Iranian ambassador

Senate passes bill renewing key FISA surveillance power moments after it expires

Turkish Foreign Ministry issues statement on Agreement reached by Azerbaijan-Armenia Border Delimitation Commission

Defense Ministry: Azerbaijan Army pays particular attention to training of recruits

ChatGPT 4 could be used to triage eye problems, say Cambridge academics

Turkish study identifies microplastics in brain cells

UNGA president highlights success of first Sustainability Week

Kenyan delegation to visit Azerbaijan

19th Western Pacific Naval Symposium set to take place in east China

International Monetary Fund ready to support Azerbaijan in hosting COP29

Azerbaijani Defense Minister meets with leadership of Land Forces VIDEO

Media Development Agency issues statement regarding false media reports circulated in Armenia and several other countries

UNESCO is stepping up the evidence base for gender equality

Azerbaijan, UN mull prospects for partnership within COP29

Azerbaijan, International Energy Agency discuss energy efficiency and cooperation within COP29

Azerbaijan's Minister of Culture holds meeting with his UAE counterpart in Venice

Azerbaijan, Kazakhstan hold regular consular consultations

11th international conference "Caucasus Albania: Ethnoarchaeology, written sources and historical monuments" gets underway in Baku

International Renewable Energy Agency’s 14th Assembly wraps up

Azerbaijani Para badminton player advances to semifinal of international tournament in Spain

ADA University-hosted Caspian Basin Studies Program wraps up

Azerbaijani oil price climbs above $88

Oil prices go up in global markets

Solemn ceremony dedicated to 53rd anniversary of Military Lyceum named after Jamshid Nakhchivanski held, Defense Ministry

UN Secretary-General encourages Armenia and Azerbaijan to tackle all outstanding bilateral issues toward achieving full normalization of relations

US Secretary of State: We welcome announcement that Armenia and Azerbaijan agreed on border delimitation between two countries

Azerbaijani pavilion launched at 60th Venice Biennale VIDEO

Baku hosts inauguration of FIG Rhythmic Gymnastics World Cup 2024 VIDEO

Azerbaijan’s National Olympic Committee hosts meeting with Bahamas Olympic Committee Vice President

Press release on the outcomes of the 8th meeting of the State Commission on the Delimitation of the State Border between the Republic of Azerbaijan and the Republic of Armenia, and the Commission on the Matters of Delimitation of the State Border and Border Security between the Republic of Armenia and the Republic of Azerbaijan VIDEO

Azerbaijani FM informs Algerian ambassador about current situation in the region

Azerbaijan, Italy discuss multifaceted strategic partnership

® Bakcell CEO meets with journalists in Khankendi

® Registration for Azercell-supported "Techcell" hackathon is now open

Dubai airport limits arriving flights amid storm backlog

NASA greenlights 2028 launch for epic Dragonfly mission to Saturn's huge moon Titan

® Global Finance Names the Innovators 2024: Kapital Bank has been awarded the prestigious “Best Use of AI in Digital Transformation” award

Lille's Yusuf Yazici goes down in club history, but Aston Villa make Europa Conference League semis

Azerbaijani shooters to compete at ISSF Final Olympic Qualification Championship

"Azerbaijan Airlines" becomes member of ACI Europe

Azerbaijani FM, Palestinian PM discuss situation in Gaza

ANAMA: Large amount of military ammunition found at farm in liberated Khojavand district

IRENA 14th Assembly highlights deployment of renewable energy sources in Africa

Public hearings on objections raised by Azerbaijan at International Court of Justice conclude

Baku Airport once again awarded Skytrax

Baku to host diplomacy academies’ meeting of Organization of Turkic States

Azerbaijani table tennis player grabs bronze at WTT Youth Contender Luxembourg 2024

Baiba Braze appointed Latvia's foreign minister

Delegation of Azerbaijani Central Election Commission to monitor elections in Maldives

Sony, Apollo discuss joint bid for Paramount, says source

® Azercell announces Crisis Management Group Project

Kazakhstan manufactures over 30,000 vehicles in Q1 2024

Turkish AI defense firm secures investment at valuation of $12.5M

Kenya’s military chief dies in a helicopter crash

Apple says it was ordered to pull WhatsApp from China app store

WHO warns growing spread of bird flu to humans is 'enormous concern'

Azerbaijan, CICA discuss prospects for partnership within COP29