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.
Iranian Foreign Minister Abbas Araghchi said regional issues should be res...
Ukrainian President Volodymyr Zelenskyy is arriving in Oslo for talks on the Russia-Ukraine conflict, the Norwegian government has said. U.S. Presi...
Georgia’s Constitutional Court in Batumi will on Wednesday hear a lawsuit seeking to ban five Georgian opposition parties, four of whic...
U.S. President Donald Trump has criticised Ukrainian President Volodymyr Zelenskyy for continuing to target Russia's energy infrastructure, while Russian strikes on Kyiv overnight killed at least one person and damaged a metro station.
The day after waiving sanctions and tariffs related to Russian exports, U.S. President Donald Trump said on Saturday he has yet to announce a final decision on the matter as Secretary of State Marco Rubio said officials want more time to evaluate the situation.
A Saudi AH-6i helicopter crashed in the Najran region of Saudi Arabia due to a technical malfunction, killing its two crew members, the Saudi-led coalition's spokesman Brigadier General Turki al-Maliki said in a statement on Sunday.
French President Emmanuel Macron has condemned the violence, looting and vandalism that erupted during cost-of-living protests across France. Prime Minister Sébastien Lecornu held crisis talks on Monday, calling for partial curfews and raising the possibility of a state of emergency.
An oil tanker caught fire after striking a naval mine in the southern part of the Strait of Hormuz, Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said late Sunday.
Iranian Foreign Minister Abbas Araghchi said regional issues should be resolved through diplomacy and blamed the United States for insecurity and tensions in the Strait of Hormuz, speaking at a joint news conference with Russian Foreign Minister Sergey Lavrov on Monday.
Georgia’s Constitutional Court in Batumi will on Wednesday hear a lawsuit seeking to ban five Georgian opposition parties, four of which collectively gained 784,820 votes (37.79 per cent) in the country’s last national elections in 2024.
Iran and Russia renewed calls for diplomatic solutions to end the ongoing regional conflict, while also pledging to deepen bilateral political and economic cooperation following Russian Foreign Minister Sergey Lavrov’s visit to Tehran on Monday.
Türkiye is set to receive Russian diesel under a U.S.-backed agreement, Energy Minister Alparslan Bayraktar said on Sunday, as Ankara pushes ahead with plans to boost domestic gas production and reduce its reliance on imported energy.
An oil tanker caught fire after striking a naval mine in the southern part of the Strait of Hormuz, Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy said late Sunday.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment