Baku Hosts EU-Azerbaijan Business Forum

At the 4th meeting of the Working Group on Energy, held on November 24 in a mixed format at the Ministry of Energy, the deepening of energy ties between Azerbaijan and Hungary, especially in the field of green energy development, was emphasized. Zaur Mammadov, Co-chairman of the working group and Chief of Staff of the Ministry of Energy, stressed the strong political relations and fruitful results of high-level visits and numerous bilateral agreements.

At the Azerbaijan-Bashkortostan business forum held in Baku, significant cooperation agreements were signed between leading business entities from both regions, setting a foundation for enhanced bilateral trade and investment, particularly in the non-oil sectors.

Azerbaijan is considering a revision of its state budget parameters for the current year, following a substantial budget surplus of 821.7 million manats recorded in the first quarter. This development mirrors similar financial adjustments made in previous years under comparable circumstances.

Zakir Ibrahimov, Chairman of the Management Board of AzerGold CJSC, met with a Kenyan delegation yesterday to discuss the possibilities of bilateral cooperation, in particular in the mining sector. At the meeting, which was part of the ongoing efforts to strengthen ties between Azerbaijan and Kenya, potential economic cooperation was highlighted, which is facilitated by the participation of both countries in international organizations.