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The 14th session of the Intergovernmental Committee for Economic Cooperation between the Republic of Azerbaijan and Ukraine was held in the city of Uzhhorod (Ukraine). At the meeting, co-chaired by Azerbaijan's Minister of Energy Parviz Shahbazov and First Deputy Prime Minister, Ukraine's Minister of Energy Denis Shmigel, the current situation and the prospects for the development of cooperation between the two countries in the political, commercial-economic, investment, energy, transportation, technology and innovation fields, in the field of culture, tourism and education were discussed. The Minister of Energy, Parviz Shahbazov, emphasizes that Azerbaijan-Ukraine relations are developing on a solid political basis based on strategic partnership and mutual trust, because despite the difficult regional situation, economic ties maintain a positive dynamic. In the first eight months of the year, the trade turnover increased by 10.5%, Azerbaijan's export to Ukraine - by 17%. The total scope of the mutual investments reached 513.5 million dollars. There are 290 commercial buildings with Ukrainian investments in Azerbaijan. The prospects for expanding cooperation in the field of renewable energy, energy efficiency, energy storage technologies, heat pumps and electricity were discussed, and the importance of the development of the "Caspian Sea-Black Sea-Europe Green Energy Corridor" for regional energy relations was emphasized. The importance of joint projects in priority areas of economic cooperation was noted. Azerbaijan's humanitarian aid and its support for the reconstruction of Ukraine were also discussed. It was noted that since the beginning of the war, the total amount of humanitarian aid, reconstruction and reconstruction from Azerbaijan has reached about 52 million dollars.

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Экономика Азербайджана · · Source

🇺🇦 Ukraine · Map

The 14th session of the Intergovernmental Committee for Economic Cooperation between the Republic of Azerbaijan and Ukraine was held in the city of Uzhhorod (Ukraine). At the meeting, co-chaired by Azerbaijan's Minister of Energy Parviz Shahbazov and First Deputy Prime Minister, Ukraine's Minister of Energy Denis Shmigel, the current situation and the prospects for the development of cooperation between the two countries in the political, commercial-economic, investment, energy, transportation, technology and innovation fields, in the field of culture, tourism and education were discussed. The Minister of Energy, Parviz Shahbazov, emphasizes that Azerbaijan-Ukraine relations are developing on a solid political basis based on strategic partnership and mutual trust, because despite the difficult regional situation, economic ties maintain a positive dynamic. In the first eight months of the year, the trade turnover increased by 10.5%, Azerbaijan's export to Ukraine - by 17%. The total scope of the mutual investments reached 513.5 million dollars. There are 290 commercial buildings with Ukrainian investments in Azerbaijan. The prospects for expanding cooperation in the field of renewable energy, energy efficiency, energy storage technologies, heat pumps and electricity were discussed, and the importance of the development of the "Caspian Sea-Black Sea-Europe Green Energy Corridor" for regional energy relations was emphasized. The importance of joint projects in priority areas of economic cooperation was noted. Azerbaijan's humanitarian aid and its support for the reconstruction of Ukraine were also discussed. It was noted that since the beginning of the war, the total amount of humanitarian aid, reconstruction and reconstruction from Azerbaijan has reached about 52 million dollars.

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