Azerbaijani PM Ali Asadov highlighted the country’s strong economic growth and investment potential at the 4th Tashkent International Investment Forum.
During his official visit to Uzbekistan, Prime Minister Ali Asadov took part in the 4th Tashkent International Investment Forum (TIIF), where he highlighted Azerbaijan’s stable economy and investor-friendly reforms. With 2024 GDP growth at 4.1%, and a 6.2% surge in the non-oil sector, Asadov noted that Azerbaijan's foreign debt remains under 7% of GDP, while financial reserves are 14 times higher than debt. He pointed to reforms that improve investor protection, tax incentives, and administrative simplification.
Asadov also presented the country’s industrial parks and the Alat Free Economic Zone as key opportunities for investors. Over the past 20 years, Azerbaijan has attracted $338 billion in investments—half from foreign sources. He discussed reconstruction efforts in liberated territories, emphasizing their economic potential, and thanked Uzbekistan and Kazakhstan for their cultural contributions in Fuzuli.
The Azerbaijani PM also underscored collaboration in green energy, particularly through the Azerbaijan-Uzbekistan Investment Fund and the development of a green energy corridor via the Black Sea. He expressed optimism that TIIF would remain a key platform for advancing regional investment cooperation.
The Israeli military announced on Saturday that it has resumed airdropped humanitarian aid to the Gaza Strip, just days after more than 100 internatio...
Thailand and Cambodia have agreed to meet for ceasefire talks after days of deadly border fighting that has killed more than a dozen people and forced...
Australia and the United Kingdom have signed a landmark 50-year treaty to cement their partnership under the AUKUS nuclear submarine programme....
Firefighters in Greece are battling wildfires near Athens and on several islands as the country swelters under its third heatwave of the summer. Villa...
U.S. President Donald Trump said on Saturday he was speaking with the leaders of Thailand and Cambodia to press for a ceasefire as border fighting ent...
Russia’s Ministry of Defence announced on Saturday that its forces had captured two villages in eastern Ukraine, including one located in the Dnipropetrovsk region — a new front where Moscow claims its troops are advancing.
The recent trilateral summit in Lachin, Azerbaijan, has strengthened the growing diplomatic connections between three Muslim nations — Pakistan, Azerbaijan, and Türkiye
The Israeli military announced on Saturday that it has resumed airdropped humanitarian aid to the Gaza Strip, just days after more than 100 international aid agencies warned of spreading mass starvation in the besieged enclave.
Thailand and Cambodia have agreed to meet for ceasefire talks after days of deadly border fighting that has killed more than a dozen people and forced over 150,000 civilians to flee.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
At the IDEF 2025 defence exhibition, Türkiye and the United Arab Emirates (UAE) took a fresh step in strengthening bilateral defence ties. Turkish aerospace firm TAAC and UAE-based CALIDUS signed a strategic agreement to jointly develop the landing gear and subsystems for the B250 aircraft platform.
Hawaii turns to lab-grown mosquitoes and drones in a race to stop the extinction of its iconic honeycreeper birds.
Foreign ministers of Azerbaijan and Türkiye held a phone conversation on 25 July to discuss their strategic alliance, regional security, and the Azerbaijan-Armenia peace process.
On July 25, Azerbaijan’s Foreign Minister Jeyhun Bayramov met with outgoing Slovak Ambassador Milan Lajcak to review bilateral cooperation and regional developments as the envoy concludes his mission in Baku.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment