Business news from Ukraine

Chairman of Ukrainian-Azerbaijani Business Association: COP29 plays key role in development of green energy in Azerbaijan

COP29 plays a key role in the development of green energy in Azerbaijan. This event will provide our country with a unique opportunity to demonstrate its responsible attitude to the use of natural resources by developing green energy.

Jalal Huseynov, chairman of the Ukrainian-Azerbaijani business association Terezi, told AZERTAD.

According to him, Azerbaijan will be able to show its commitment to sustainable development and investment in environmentally friendly technologies.

“This not only reduces dependence on traditional energy sources, but also helps attract international investment, exchange of experience and strengthen cooperation in the field of climate policy. Thus, holding COP29 will be an important step towards a sustainable and environmentally friendly future for Azerbaijan,” J.Huseynov emphasized.

He noted that our country is actively working on the development of alternative energy: “We have recently signed an agreement on an energy cable from Azerbaijan to the EU, which will allow Eastern European countries, including Ukraine, to connect to this system. This agreement opens up new opportunities for cooperation in the field of green energy.

Azerbaijan’s investments in green energy projects have great potential, especially in the context of the destruction of Ukraine’s energy infrastructure as a result of Russian aggression and the shortage of electricity generation during the war. These investments will help not only restore but also modernize Ukraine’s energy system, making it more sustainable and environmentally friendly.”

Jalal Huseynov said that Azerbaijan could also become a transit country for gas from Central Asia through Ukraine: “This was recently announced by the President of Ukraine Volodymyr Zelenskyy. Azerbaijan’s participation and experience in the development of new gas fields in Ukraine is also being considered, which indicates deep and promising economic ties between our countries.”

Source: https://azertag.az/ru/xeber/dzhalal_guseinov_cop29_sygraet_klyuchevuyu_rol_v_razvitii_zelenoi_energetiki_v_azerbaidzhane-3097202

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Almost 60% of Ukrainian citizens have positive attitude towards Azerbaijan – survey

Active Group and Experts Club have conducted a joint study on the attitudes of Ukrainians towards the countries of East Asia and the Middle East. The study was presented at the Interfax-Ukraine news agency in June 2024. The research was presented by Maksym Urakin and Oleksandr Poznyi. The results of the study are as follows:

The results of the survey are as follows:
Completely positive – 14.3%.
Mostly positive – 45.0%.
Mostly negative – 13.9 %.
Completely negative – 3.1 %.
Difficult to answer – 23.7%.
Positive – Negative – 42.3

On February 06, 1992, Ukraine and Azerbaijan established diplomatic relations. The Embassy of Azerbaijan in Ukraine was opened on March 12, 1997.

The joint research by Active Group and Experts Club on the attitudes of Ukrainians towards the countries of East Asia and the Middle East was conducted in April-May 2024. It covers such countries as Turkey, Iran, Israel, Egypt, Jordan, Saudi Arabia, UAE, Afghanistan, Pakistan, Azerbaijan, Uzbekistan, Turkmenistan, Kyrgyzstan, Tajikistan, Kazakhstan, Georgia, Armenia, India, China, Republic of Korea, DPRK, Japan, Vietnam, Indonesia, Syria, and Iraq. Full information on the research is available on the website of the Club of Experts at

https://expertsclub.eu/rezultaty-spilnogo-socziologichnogo-doslidzhennya-provedenogo-experts-club-ta-kompaniyeyu-active-group-shhodo-stavlennya-ukrayincziv-do-krayin-blyzkogo-shodu-ta-czentralnoyi-aziyi/

Video – https://interfax.com.ua/news/video/986648.html

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Diplomatic reception on occasion of Independence Day of Azerbaijan was held in Kyiv

On May 28, 2024, the Embassy of Azerbaijan in Ukraine hosted a reception in Kyiv on the occasion of the 106th anniversary of the establishment of the Azerbaijan Democratic Republic.

It has been 106 years since the establishment of the first democratic, legal and secular state in the Muslim East – the Azerbaijan Democratic Republic (ADR) on May 28, 1918, which was founded by Mammad Emin Rasulzade.

In a tense and complicated socio-political situation, the DDR lasted only 23 months.  The independent Republic of Azerbaijan was occupied by the Bolsheviks and only after the collapse of the USSR did Azerbaijan regain its independence for the second time. The Republic of Azerbaijan, which restored its state independence on October 18, 1991, by the relevant Constitutional Act, proclaiming itself the successor of the Azerbaijan Democratic Republic, adopted its state attributes, including the national flag, national anthem and coat of arms.

The solemn event was attended by distinguished guests: foreign diplomats, representatives of the government, Islamic religious leaders, members of the Azerbaijani diaspora in Ukraine, cultural figures and educators.

The Ambassador Extraordinary and Plenipotentiary of the Republic of Azerbaijan to Ukraine, Y.V. Seymur Mardaliyev, addressed the audience with a welcoming speech.

In his speech, the Ambassador focused on the history and present of the Azerbaijan Democratic Republic.

“Today, under the leadership of President Ilham Aliyev, our country is realizing the hopes and ideals of the Democratic Republic of Azerbaijan. Azerbaijan is going through the most grandiose and successful period in its long history and has never been as strong as it is now,” the diplomat said.

The ambassador also noted that Azerbaijan was one of the first countries to provide humanitarian aid since the beginning of the full-scale Russian invasion of Ukraine and is ready to continue to provide this assistance.

Deputy Minister for Foreign Affairs of Ukraine Yevhen Perebyinis expressed greetings on behalf of the Ukrainian government.

Yevhen Perebyinis expressed gratitude to Azerbaijan for its consistent political, humanitarian and military support of Ukraine and expressed hope for further strengthening of the strategic partnership between the two countries.

On February 6, 1992, Ukraine and Azerbaijan established diplomatic relations. The Embassy of Ukraine in Azerbaijan has been operating since May 5, 1996, and the Embassy of Azerbaijan in Ukraine was opened on March 12, 1997.

Source: https://www.facebook.com/UkrDiplomatic

EBRD doubles financing for projects in Azerbaijan in 2023

BAKU. Feb 9 (Interfax-Ukraine) – The European Bank for Reconstruction and Development (EBRD) provided loans totaling 156 million euros in 2023 for implementing two projects in Azerbaijan, the EBRD told Interfax.

The EBRD allocated loans totaling 86 million euros in 2022 to finance nine projects in Azerbaijan, meaning that the bank boosted the volume of financing 1.8-fold in 2023.

The EBRD allocated 310 million euros overall to finance 30 projects in the public and private sectors of Azerbaijan in 2019-2023.

As previously reported, the EBRD plans to allocate $750 million in 2023-2025 in order to implement projects in Azerbaijan.

Azerbaijan has been a member of the EBRD since 1992, during which time the EBRD has allocated 3.62 billion euros to finance 189 projects in the country. The bank’s current portfolio in the country totaled 897 million euros for 31 projects at the beginning of 2024, with 90% in infrastructure, 7% in industry and agriculture, and 3% in the financial sector.

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Ilham Aliyev says he is ready for “fair peace” with Armenia

Azerbaijan has been waiting for more than two months for a response from Armenia to official Baku’s comments on the proposal for a peace treaty, Azerbaijani President Ilham Aliyev has said.

“We are waiting for Armenia to respond to our comments on the proposal. We have exchanged proposals on the draft peace treaty several times, but now we have been waiting for more than two months, since September 11, for the Armenian government to respond to us. We want to know their opinion on these comments. But we have not received a response,” Aliyev said in a press statement on Monday.

The Azerbaijani head of state emphasized that the reason is that Armenia “receives bad advice,” in particular from France.

“France plays a very destructive role in the South Caucasus. In fact, Armenia has become a puppet of the French government, and this can pose a serious threat to regional stability,” Aliyev said.

He reiterated that Azerbaijan “does not need any war”. “We fought on our territory, restored justice and international law. But the Armenian government and political establishment are thinking about revenge. And the wrong messages of the French government actually create illusions in the Armenian government, and perhaps in the Armenian public opinion,” that they can launch military aggression against Azerbaijan, the president said.

He emphasized that Azerbaijan is ready for peace. “We are ready for peace, but a just peace based on the recognition of the territorial integrity and sovereignty of both countries. Peace based on common sense and historical justice,” Aliyev said. Earlier, the Experts Club analyzed the political and economic situation in the Caucasus. You can learn more about the prospects for the development of Transcaucasia after the end of the Karabakh conflict in the video on the Experts club channel here: https://youtu.be/reyUMjFBFhU

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Experts analyzed the situation in the Caucasus after end of Karabakh conflict

After Azerbaijan established control over the former Nagorno-Karabakh, the Transcaucasus region entered a new era, where the political and economic prospects of the countries of the region became a subject of discussion in the international arena. In light of this, experts from various countries are analyzing the current situation and trying to predict the future of relations between the countries in the region. A new video published on the YouTube channel “Experts club” was devoted to this very topic, in which Azerbaijani military analyst, leading expert of the analytical center “STEM” Agil Rustamzadeh and the founder of the Kiev analytical center “Experts club”, candidate of economic sciences Maxim Urakin shared their opinion on the situation.

Military-political aspect

The experts emphasize the importance of the reached mutual understanding on the Karabakh issue.

“The resolution of the conflict has created a basis for the resumption of diplomatic dialog and economic cooperation between the countries of the Transcaucasus. Azerbaijan’s confrontation with Armenia is conditioned not only by the Karabakh conflict, the point is that those people who created this geopolitical paradigm were engaged in shaping the worldview of the Armenian population. A part of the Armenian population still believes that they once had a state that included the territories of Azerbaijan, Turkey and Georgia. With the emergence of Western institutions and the change of Armenians’ views, they begin to realize that enmity with such a geopolitical player as Turkey is a dead-end way of the country’s development. It is a way to nowhere, especially when these countries have no territorial claims to you, but you have territorial claims to your neighbors,” Rustamzadeh stressed.

The expert also notes that the signing of a possible peace treaty will give Armenia an impetus to move to a new level of development, will allow it to become not an object but a subject of international politics.

“I meet such an opinion both in Azerbaijan and Turkish colleagues. It is that under certain changes Turkey and Azerbaijan can become the guarantor of Armenia’s territorial integrity. Therefore, I believe that with the pragmatism shown by the Armenian people, the government and the political elite of Armenia, Armenia has chances to become a pro-Western democratic country,” Rustamzadeh said.

In his opinion, in order to ensure long-term stability, it is necessary to analyze all aspects of the conflict and its consequences for regional security.

Economic aspect

Maxim Urakin emphasized the economic sphere of relations between the countries of the region.

“Economy and politics are closely linked, and trade relations between the countries of the Transcaucasus play an important role in shaping the political landscape of the region,” Urakin noted.

The expert also drew attention to how export destinations affect the countries’ political preferences.

“Most of Azerbaijan and Iran’s exports are directed to Europe and Asia, while Turkey’s exports are much more diversified,” the economist emphasized.

Urakin also analyzed each country’s exports and their trade relations in detail, emphasizing the interconnectedness of economic and political factors in the region.

Development Prospects

Rustamzadeh and Urakin agree that further sustainable development of the region requires further work to resolve the remaining conflict situations and increase economic cooperation between the countries.

“Restoring trust and strengthening economic ties between the countries of the Transcaucasus will contribute to the creation of a favorable climate for investment and growth of the regional economy,” Rustamzadeh concluded.

You can learn more about the prospects of development of the Transcaucasus after the end of the Karabakh conflict from the video on the Experts club channel at the link:

Subscribe to the channel here:

https://www.youtube.com/@ExpertsClub

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