“Bakı Enerji Həftəsi” çərçivəsində keçirilən 1-ci #Azərbaycan - #ABŞ İqtisadi Dialoqu tədbirində İqtisadiyyat Nazirliyi (@MinEconomyAZ) və “@Oracle” şirkəti arasında #AnlaşmaMemorandumu, #SOCAR (@SOCARofficial) və “Lummus Technology” şirkəti arasında Strateji Əməkdaşlıq Sazişi imzalandı. İqtisadiyyat Nazirliyi və “Oracle” arasında imzalanmış Memorandum ölkəmizdə rəqəmsal infrastrukturun yaradılmasını, müasir #texnologiya-ların tətbiqini, texnologiya transferi sahəsində fəal əməkdaşlığı təmin edəcək. SOCAR və “Lummus Technology” arasında imzalanmış Saziş isə səmərəli həllər və sənaye texnologiyalarının tətbiqi istiqamətində işbirliyini əhatə edir.
#EconomyAz
During the 1st Azerbaijan–U.S. Economic Dialogue, held within the framework of Baku Energy Week, we noted the dynamic development of #Azerbaijan – #US relations and the important role of the Charter on Strategic Partnership in strengthening our #economic cooperation.
We exchanged views on expanding #trade relations along the #TrumpRoute for International Peace and Prosperity and the #MiddleCorridor, enhancing #energy security, developing supply chains for #criticalminerals, and exploring new #investment opportunities in #transport, #logistics, and digital #infrastructure.
The Minutes of the Dialogue signed at the conclusion of the event will contribute to identifying joint projects, strengthening #business ties, and sustaining a constructive dialogue on the implementation of mutually beneficial initiatives.
#EconomyAz
Within the framework of our visit to #Qatar, we met with Mohammed Saif Al-Sowaidi, Chief Executive Officer of the Qatar Investment Authority. During the discussions, we emphasized significant opportunities for expanding joint #investment activities between #Azerbaijan and Qatar.
We also exchanged views on promoting mutual investments, advancing potential joint projects, and broadening partnerships between the #business communities of both countries.
#EconomyAz
Vaşinqtonda Azərbaycan Respublikasının Prezidenti İlham Əliyevin ABŞ Prezidentinin xüsusi elçisi Stiv Uitkoff ilə görüşü olub.
Prezident İlham Əliyevin və ABŞ Prezidentinin xüsusi elçisi Stiv Uitkoffun iştirakı ilə SOCAR-la “ExxonMobil” şirkəti arasında “Əməkdaşlıq haqqında Memorandum” imzalanıb.
https://t.co/qWOPSjFZas
The recent positive outlook by #Moodys on #Azerbaijan "reflects improving economic #diversification prospects and #macroeconomic policy effectiveness that may lead to a further strengthening in Azerbaijan's #credit profile consistent with a higher rating level."
@moodysratings
The achievements of #Azerbaijan’s #economic and financial bodies under the leadership of President Ilham Aliyev (@presidentaz) continue to gain recognition at the international level. The recent upgrade of Azerbaijan’s sovereign credit rating to #investment grade (Baa3) by Moody’s (@moodysratings) is a testament to the effectiveness of reforms aimed at fostering #nonoil sector growth, increasing revenue #diversification, and significantly reducing the state budget’s dependence on hydrocarbon revenues.
The wide-ranging reforms implemented across the country have ensured macroeconomic stability and fiscal sustainability, deepened economic diversification, accelerated the reconstruction of the liberated territories, and mobilized their economic potential. Azerbaijan’s emergence as a key strategic transport hub in both regional and global contexts also generates tangible socio-economic benefits.
Robust stability has been established through systematic reforms in the banking and financial sectors and in monetary policy; the disciplined application of budget rules; and comprehensive #tax reforms underpinned by #transparency and accountability. At the same time, strategic foreign-exchange reserves have grown significantly, bolstered by transparent public procurement practices and the #digitalization of related processes—together, these measures have driven a marked improvement in Azerbaijan’s sovereign credit metrics.
Beyond macro-fiscal consolidation, improvements in the investment climate and #business environment are attracting increasing foreign interest. The strengthened regulatory framework, investor-friendly policies, and overall economic resilience are laying the foundation for large-scale investment projects that support long-term sustainable growth and further economic diversification.
https://t.co/ChVK6Vu6iD
#EconomyAz
During the interview to CNN Business Arabic (@CNNBusinessAr), held within the framework of the #OPEC Fund Development (@TheOPECFund) Forum, we discussed the strengthening of the #Azerbaijan - #UAE#economic relations, successful cooperation in #energy, industry, transport and #investment-s, the strategic importance of joint projects, as well as the diversification of #economy.
#EconomyAz #OPECFundDevForum
During #COP29 (@COP29_AZ), we had the pleasure of meeting Marco Arcelli (@marcoarcelli), CEO of ACWA Power (@acwapower_en). We expressed our satisfaction with the successful progress of joint activities in #greenenergy projects. Additionally, we reviewed the growing opportunities for #investment-s in #Azerbaijan, explored ways to diversify collaboration with #SOCAR (@SOCARofficial), and discussed the steps being taken to decarbonize the #economy.
#COP29Azerbaijan #EconomyAz
Thrilled to have been invited to #BinanceBlockchainWeek2024 in Dubai! Huge thanks to the #Binance team for the invitation and opportunity.
It was truly inspiring to connect with industry leaders. Excited to see where these conversations will lead us next. #Crypto#Blockchain
During the meeting with Ahmed Moallim Fiqi, Minister of Foreign Affairs and International Cooperation of the Federal Republic of #Somalia, our discussions centered on promoting bilateral #economic relations and exploring opportunities for collaboration in the #energy sector.
#EconomyAz
İsrailin Xarici İşlər Nazirliyinin baş direktoru Ceykob Blitşteyn ilə görüşdə birgə iqtisadi fəaliyyətin potensial sahələrdə genişləndirilməsi ilə bağlı məsələləri nəzərdən keçirdik:
• #İsrail şirkətləri ilə birgə #investisiya layihələrinin reallaşdırılması;
• İşgüzar dairələr arasında əlaqələrin gücləndirilməsi;
• #Ticarət, #sənaye, #innovasiya və rəqəmsal sahələrdə əməkdaşlığın təşviqi.
#EconomyAz
Together with Saudi colleagues, we reviewed ongoing #energy cooperation and explored potential initiatives to enhance our collaborative efforts, particularly focusing on #greenenergy.
Together with my colleague, the Minister of Energy of Azerbaijan Parviz Shahbazov (@ParvizShahbazov), we held a videoconference with HRH Prince Abdulaziz bin Salman Al Saud, the Minister of Energy of the Kingdom of Saudi Arabia. During our discussion, we reviewed ongoing #energy cooperation and explored potential initiatives to enhance our collaborative efforts, particularly focusing on transitioning to #greenenergy.
@MoEnergy_Saudi
#EconomyAz
#Moldova-nın "Purcari Wineries" şirkətinin baş icraçı direktoru Viktor Bostan ilə #Şuşa-da keçirdiyimiz görüşdə işğaldan azad edilmiş ərazilərimizdə #biznes qurmaq üçün yaradılmış şərait, potensial əməkdaşlıq və şərab zavodunun fəaliyyətinin təşkili imkanları barədə fikirlərimizi bölüşdük.
#EconomyAz
Why are both sides of the Iran-Azerbaijan border called #Azerbaijan?
If you are following the crash of the #helicopter of #Iran President #Raisi, you likely noticed that both sides of the border area are called Azerbaijan. In 1828, the Russian and Iranian empires divided Azerbaijan between themselves. The northern part became the independent Republic of Azerbaijan when the USSR collapsed. The southern part of Azerbaijan is now administered as three Iranian provinces-- East Azerbaijan, West Azerbaijan and Ardabil. Ethnic Azerbaijanis comprise the majority population in both the north and the south. They speak a Turkish language-- Azerbaijani. A third of the population of Iran is ethnic Azerbaijani. Persians comprise less than 40 percent of the population of Iran. If you want to learn more about the Azerbaijanis in Iran and other ethnic groups, see the book #IranIsMoreThanPersia.
https://t.co/j8ZK00D6Sm
Avropa Yenidənqurma və İnkişaf Bankının (@EBRD) nümayəndələri ilə #Azərbaycan-da keçiriləcək #COP29 (@COP29_AZ) tədbirinə hazırlıq çərçivəsində görülən işlər, beynəlxalq təşkilatlarla dialoqun qurulması, #enerji səmərəliliyinin təmin edilməsi üçün resursların effektiv tənzimlənməsi istiqamətində müzakirələr apardıq.
#EconomyAz
During a video conference with Jürgen Rigterink (@JRigterink), the First Vice-President of the European Bank for Reconstruction and Development (@EBRD), we engaged in discussions on the projects implemented in our country with the support of the Bank. We also deliberated on the ongoing collaboration with 'Azerbaijan Caspian Shipping Company' CJSC (@ASCO_CJSC) and addressed issues related to cooperation within the framework of #COP29 to be hosted by #Azerbaijan.
#EconomyAz
To accelerate the #greenenergy transition in #Azerbaijan, we are actively broadening our collaboration with international companies renowned for their best practices in this field. During a meeting with Qiao Xubin, the President of "#China Energy International Group Co., Ltd.," we engaged in discussions focused on incorporating our country's abundant renewable #energy sources into the innovative solutions presented by the company. We also discussed the appropriation of energy storage technologies, reviewed ongoing projects, and explored potential opportunities for collaborative activities.
#EconomyAz
We held a meeting with Nail Maganov, the General Director of #Tatneft company, during which we discussed the priority directions of the company's cooperation with our country, as well as opportunities for setting up #jointproduction.
#SOCAR#Tatneft#EconomyAZ
Together with President of SOCAR (@SOCARofficial) Rovshan Najaf (@RovshanNajaf), we held a meeting with Nicolas Terraz, TotalEnergies (@TotalEnergies) President of Exploration and Production. During the meeting, we discussed the fruitful partnership between the company and our country. Our conversation covered the successful #energy projects that have been implemented and explored opportunities for cooperation in renewable #energyproduction.
#EconomyAz
The #Memorandum of Understanding (MoU) was signed between SOCAR (@SOCARofficial) and the UAE’s ADNOC (@ADNOCGroup). As per the MoU, SOCAR will participate in production projects undertaken in Abu Dhabi, and ADNOC will extend its support to facilitate this cooperation. Within this framework, the parties will commit to expanding collaboration in the fields of renewable #energy and low carbon solutions.
#EconomyAz