Azerbaijan’s Economy Ministry and BP may cooperate to develop the country’s alternative energy sector.

Over 700 Azerbaijani companies operate in Georgia, Azerbaijani Minister of Economy Shahin Mustafayev said.

Russia’s Sverdlovsk region is an important business partner of Azerbaijan, Azerbaijani Minister of Economy Shahin Mustafayev said.

Azerbaijan and Russia’s Sverdlovsk Region signed an agreement on the establishing international and foreign economic relations in trade, economic, scientific, technical and other fields, Trend reports from a meeting of Azerbaijani Minister of Economy Shahin Mustafayev and Sverdlovsk Region Governor Yevgeny Kuyvashev.

Being important actors in the South Caucasus and North America, Azerbaijan and Mexico have become significant centers of trade, transit, and energy.

Cargo transportation in the region, which is carried out through several routes from the East to Europe, passes through the territory of Azerbaijan. International North-South Transport Corridor, which was constructed to transport goods from India and the Persian Gulf countries to Russia, Western Europe, and the Baltic and Scandinavian countries, is the major one of these routes.

The trade relations between Azerbaijan and Kazakhstan will be further expanded as a result of the opening of Azerbaijan’s Trade House in the capital of Kazakhstan Nur-Sultan, Azerbaijani Economy Minister Shahin Mustafayev said.

In the five months of 2019, Azerbaijan-France trade increased by 53 percent, compared to the figures for the same period last year, Azerbaijani Economy Minister Shahin Mustafayev said at Azerbaijan-France Business Forum held in Baku July 11, Trend reports.

Coherent implementation of reforms and infrastructure investment favorably influence on economic situation in Azerbaijan. The government expects GDP growth at 3.6 percent in 2019, which will be achievable thanks to the growing capacity of the non-oil sector.

This year, 8 more facilities will start their work, in addition to 23 facilities already operating in industrial districts in Azerbaijan, Azerbaijani Economy Minister Shahin Mustafayev said, Trend reports with reference to local media outlets.