Elchin Amirbekov: Zangezur Corridor to increase trade volumes between Asia and Europe
Amirbekov noted that the Zangezur Corridor will connect Azerbaijan and Armenia for the first time in 30 years
Amirbekov noted that the Zangezur Corridor will connect Azerbaijan and Armenia for the first time in 30 years
The majority of this investment came from the UK, UAE, Türkiye, Russia, the US, and Iran
Azerbaijan has emerged as the fourth-largest investor in the Georgian economy, according to preliminary data from the Georgian National Statistics Office (Sakstat).
Azerbaijani Foreign Minister Jeyhun Bayramov and Iranian Foreign Minister Seyyed Abbas Araghchi discussed the issues of bilateral relations, international and regional relations.
S&P Global Ratings revised its outlook on Azerbaijan to positive from stable, the agency said in the report.
Azerbaijan expects non-oil and gas sectors to reach 63% economic contribution next year, with further expansion targeting 70% share within several years.
Azerbaijan’s non-oil sector exports grew by 6.6% in the first 10 months of 2025, totaling $2.99 billion, according to the Center for Analysis of Economic Reforms and Communication.
Exports to other countries, including Türkiye, Switzerland, and Georgia, also increased
The signing of an agreement between Azerbaijan, Georgia, Turkmenistan, and Romania to establish the Caspian Sea - Black Sea international transport route is planned for December 2025.
Uzbekistan has offered to host a Central Asia-Azerbaijan Investment Forum in Samarkand during 2026.
Azerbaijan plans to significantly increase persimmon shipments to Türkiye, leveraging recent trade incentives including duty and VAT exemptions.
According to media reports, the volume of loans in the Karabakh economic region amounted to over $305 million in the first nine months of this year.
The total value of the export exceeded $268 mln
Azerbaijan plans to cut its defense spending by 8.6% over the next five years. By 2030, the republic expects to spend less than $5 billion on its military.
Azerbaijan's non-oil exports to Russia reached $814 million during the first eight months of 2025, marking an 8.2% increase compared to the same period last year. Russia remains Baku's main export destination.
Russian Deputy Prime Minister Alexei Overchuk said Russia and Azerbaijan understand each other well in the economic sphere and work constructively in it at the level of governments and enterprises.
Azerbaijan's exports of non-oil products to Russia have increased by 8.2% in the first six months of this year, according to the Center for Analysis of Economic Reforms and Communication.
Baku and Tel Aviv have doubled trade since 2021.
The cooling in relations between Moscow and Baku has not affected the trade volume between the two countries, Chairman of the Central Bank of Azerbaijan Talekh Kyazimov said.
Azerbaijani President Ilham Aliyev said the republic had never tried to compete with Russia in the sphere of gas exports, Azerbaijan was also not considered as a "replacement".