Prospects for developing bilateral trade and economic cooperation between Turkmenistan and the European Union (EU) were discussed during the 19th meeting of the Turkmenistan-EU Joint Committee held online on June 25, 2020, Trend reports with reference to the Ministry of Foreign Affairs of Turkmenistan.

Azerbaijan has substantial buffers to mitigate COVID-19 impact on economy, the Black Sea Trade and Development (BSTDB), BSTDB President Dmitry Pankin told Trend.

Chinese consumption will show signs of improvement in May as new forms of consumption such as e-commerce are encouraged, the state economic planner said on Sunday, Trend reports citing Reuters.

Georgia can use the conditions created by the coronavirus crisis to help in the process of economic recovery, said Georgian Prime Minister Giorgi Gakharia, Trend reports citing Georgian media.

Tax incentives stipulate the use of a new economic model in Azerbaijan in the post-pandemic period, Azerbaijani MP Vugar Bayramov told Trend on April 22.

Implementation of the transit potential of Azerbaijan with the development of the country's transport infrastructure is the most important condition for the diversification of economy, Prime Minister Ali Asadov said in a video report on the activities of the Cabinet of Ministers for 2019 presented in the Parliament on April 9, Trend reports.

The working group, created to minimize the impact of coronavirus on Azerbaijani economy and the activity of entrepreneurs, is developing nine programs, Azerbaijani MP Vugar Bayramov told Trend.

The restrictions applied by the state to economic activity primarily affect micro-entrepreneurs, Azerbaijan’s Minister of Economy Mikayil Jabbarov said in an interview with Azerbaijan Television and Radio Broadcasting Closed Joint Stock Company (AzTV) during Hadaf telecast, Trend reports.

President of Turkmenistan Gurbanguly Berdimuhamedov approved the composition of the intergovernmental Turkmen-Azerbaijani Commission on economic cooperation from the Turkmen side, Trend reports with reference to an online newspaper Turkmenistan.ru.

The growth in purchasing power, which has been observed in Baku’s markets recently, is associated with several factors, Azerbaijani expert in economic issues Elshad Mammadov told Trend on March 16.