Agricultural Production Increased by 1.9%

Anglo Asian Mining (AAM), the operator of gold deposits in Azerbaijan, has announced a notable decrease in production for the first quarter of 2024. The decline comes as the company awaits government approval for the construction of a tailings dam, impacting its operational capacity.

Azerbaijani citizens are scaling back their investments in Turkish real estate, marking a notable shift from the upward trend observed since 2017. Data from the Turkish Statistical Office reveals a conspicuous decline in property purchases by Azerbaijani nationals, signaling potential changes in investment patterns.

In a significant display of diplomatic and economic cooperation, Azerbaijan and Tatarstan convened discussions to fortify their bilateral relations across multiple sectors, including trade, energy, tourism, industry, innovation, small and medium-sized enterprises (SMEs), and humanitarian endeavors.

In a pivotal meeting in Abu Dhabi, Energy Minister Parviz Shahbazov and Grzegorz Zelinsky, Director of the European Bank for Reconstruction and Development (EBRD) and head of the European Energy Group, convened to discuss Azerbaijan's ambitious renewable energy agenda and the critical role of international partnerships in its realization.