GERMANY SUPPORTS AZERBAIJAN TO JOIN WTO
He praise the economic growth of Azerbaijan but stressed that the main attention should be paid to the development of the non-oil sector, in particular, widening of the transport infrastructure.
The realization of the Baku-Tbilisi-Ceyhan project will allow increasing incomes of Azerbaijan, however, it is necessary to use the favorable geographical position of Azerbaijan, in particular, in the framework of the TRASECA program, P. Lorenz said.
According to him, interest of German businessmen once more proves the right direction of Azerbaijani reforms.
Germany has allocated €303,3 million to Azerbaijan. Of them 140 million is given to realization of EU projects. 130,3 million is given within the frameworks of the bilateral financial cooperation, 33 million - as the technical assistance.
FEEDBACK
Other news in this section
- 11.06.2026 [13:36]
Azerbaijani companies can compete globally, says deputy minister
- 11.06.2026 [10:53]
Gold prices drop to $4118 on global markets VIDEO
- 11.06.2026 [10:44]
Oil prices rise in world markets
Top stories update
- [12:00]
Oil prices rise in world markets
- [10:44]
Azeri Light sells for $96
- [10:38]
Azerbaijan’s rich cultural heritage showcased at Silk Road – 2026 festival
- 10.06.2026 [20:06]
Top stories update
- 10.06.2026 [20:00]
U.S. Embassy delegation tours Azerbaijan Sports Academy
- 10.06.2026 [19:42]
President of Serbia receives Azerbaijan’s Minister of Defense
- 10.06.2026 [18:53]
Washington hosts Trans Caspian Forum 2026
- 10.06.2026 [18:40]
® Baku hosts “Force of Love” 2026 Summer Festival
- 10.06.2026 [18:16]
Speaker Sahiba Gafarova meets with Indonesian Ambassador to Azerbaijan
- 10.06.2026 [18:15]
From Bajram Begaj, President of the Republic of Albania
- 10.06.2026 [18:14]
German ambassador commends progress in Azerbaijan–Armenia peace process
- 10.06.2026 [18:01]
Official reception in Rabat marks Azerbaijan’s Independence Day
- 10.06.2026 [17:51]
Azerbaijan, UK hold talks on draft Convention to eliminate double taxation
- 10.06.2026 [17:42]
Azerbaijan, UK explore prospects for demining cooperation
- 10.06.2026 [17:24]
AZERTAC’s “Children’s Knowledge Portal” expands its outreach to Aghdam
- 10.06.2026 [17:06]
Azerbaijan’s AI and digital economy presented in Ankara
- 10.06.2026 [16:35]
Azerbaijan, Japan enhancing bilateral ties
- 10.06.2026 [16:28]
Major media forum gets underway in Chongqing
- 10.06.2026 [16:26]
Kyrgyzstan, Turkiye discuss cooperation in mining
- 10.06.2026 [16:08]
FM Hoxha: Albania’s EU accession bid has entered its most decisive phase
- 10.06.2026 [16:06]
® SİMA Solutions at International Finance and Banking Summit
- 10.06.2026 [16:05]
Progress on Soyudlu (Zod) Gold Deposit Project reviewed at AzerGold CJSC
- 10.06.2026 [15:54]
Pakistan Army helicopter crashes, all on board killed: military
- 10.06.2026 [15:49]
Azerbaijan Naval Forces hold live fire tactical exercise
- 10.06.2026 [15:41]
Discovery of atmospheric ‘memory’ could ımprove climate forecasting
- 10.06.2026 [15:26]
June 10 marks International Day for Dialogue among Civilizations
- 10.06.2026 [15:17]
Drug-free nanoparticles could reshape future cancer therapies
- 10.06.2026 [15:08]
Saudi Arabia and Yemen ink USD 150 mln petroleum supply agreement
- 10.06.2026 [14:47]
Climate change already costing Australia's NSW billions: report
- 10.06.2026 [14:44]
Motorcyclists to protest rising motor ınsurance costs in Sofia on June 19
- 10.06.2026 [14:39]
Azerbaijan’s strategic foreign exchange reserves increase by 15.2 percent
- 10.06.2026 [14:38]
PM Radev ends further arms supplies to Ukraine
- 10.06.2026 [14:30]
GDP volume in Azerbaijan announced
- 10.06.2026 [13:42]
Azerbaijan, China expand scientific cooperation
- 10.06.2026 [13:30]
Azerbaijan beats San Marino 2-1 in friendly match
- 10.06.2026 [13:09]
World Horse Day main events set for July 13 at Khui Doloon Khudag
- 10.06.2026 [13:01]
Azerbaijani Defense Minister pays official visit to Serbia
- 10.06.2026 [12:58]
Japan local gov't launches facility to spotlight marine plastic waste
- 10.06.2026 [12:57]
Foreign Ministers of Mongolia and Japan meet
- 10.06.2026 [12:40]
Azerbaijan, Lithuania hold another round of political consultations
- 10.06.2026 [12:31]
China updates drug clinical trial guideline to enhance biotech innovation
- 10.06.2026 [12:26]
Oil prices continue to fall
- 10.06.2026 [12:23]