Business news from Ukraine

Azerbaijan provided Ukraine with 45 power transformers and 50 generators

Azerbaijani Foreign Ministry spokesman Aikhan Hajizada said Azerbaijan provided Ukraine with 50 generators and 45 power transformers as humanitarian aid.
“Azerbaijan continues to provide humanitarian aid to Ukraine. 45 power transformers and 50 generators provided by Azerenerji were sent to Ukraine. As of today, Azerbaijan has provided more than 30 million manats (more than $50 million) in aid to the needy population,” Hajizada tweeted on Sunday.
Azerenerji is the largest producer of electricity in Azerbaijan.
Exchange rate according to the Ministry of Finance on December 10: $0.59/AZN, AZN1.7/$1.

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Ukrainians who arrived in Azerbaijan to be able to stay in country indefinitely

Citizens of Ukraine who arrived in Azerbaijan will be able to stay in the country indefinitely, said Rufat Ibrahimov, chief of the Migration Control Department of the State Migration Service of Azerbaijan, apa.az reported.
“Period of stay is again 90 days. However, given the situation, expulsion does not apply after the period expiration. That is, citizens of Ukraine after 90 days can stay in our country,” Ibrahimov was quoted as saying by apa.az.

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Azerbaijan pans to increase gas export to Europe by 40%

Azerbaijani gas supplies to Europe will increase by 40% to 11.5 billion cubic meters in 2022, Azerbaijani President Ilham Aliyev said.

“In 2022, our export will reach 22 billion cubic meters, of which 11.5 billion cubic meters will be supplied to consumers in Europe. In 2021, 8.2 billion cubic meters was supplied to Europe. This means a 40% increase in the supplies in 2022,” Aliyev said at the ceremony for putting into commercial operation the Gas Interconnector Greece-Bulgaria (IGB) in Sofia on Saturday.

In accordance with the agreements with the European Union, Azerbaijan plans to at least double its gas export to Europe by 2027.

For that purpose, Baku has begun consultations with its partners on the issue of expansion of the Trans-Anatolian Natural Gas Pipeline (TANAP) to 32 billion cubic meters of gas a year and the Trans Adriatic Pipeline (TAP) to 20 billion cubic meters of gas a year, Aliyev said.

“We have already begun consultations with our partners on the expansion of the TANAP from 16 billion cubic meters to 32 billion cubic meters and the TAP from 10 billion cubic meters to 20 billion cubic meters. Because without it it will be difficult to ensure additional supplies,” the president said.

Aliyev said Azerbaijan has the capabilities to increase the gas export volumes by starting extraction at some other gas deposits.

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TURKEY PLANS TO HOLD TRILATERAL TURKEY-TURKMENISTAN-AZERBAIJAN SUMMIT

Turkish Vice President Fuat Oktay announced plans to hold a trilateral Turkey-Turkmenistan-Azerbaijan summit.
“Noting that (Turkish President Recep Tayyip) Erdogan invited Turkmen leader Serdar Berdimuhamedov to Turkey, Oktay said that a trilateral Turkey-Turkmenistan-Azerbaijan summit would be held after the visit,” Turkish TV channel TRT Haber reported.

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UKRAINE AND AZERBAIJAN SIGNES A DECLARATION ON COOPERATION IN PROJECTS OF MUTUAL INTEREST OF STATES

President of Ukraine Volodymyr Zelensky reported that he and his Azerbaijani counterpart Ilham Aliyev had signed a joint declaration on readiness to implement specific projects in areas of mutual interest of the countries.”This is mutual support for sovereignty and territorial integrity, ensuring peace and stability in the Black Sea-Caspian region and beyond, intensifying cooperation in countering hybrid threats, strengthening cooperation in the defense industry, deepening cooperation within international and regional organizations and forums,” Zelensky wrote on his Facebook page.Zelensky said that Ukraine and Azerbaijan have historically had close and fruitful cooperation and will soon mark 30 years since the establishment of diplomatic relations between the states.The head of the Ukrainian state noted an increase in trade between Ukraine and Azerbaijan in 2021, despite the coronavirus pandemic. According to him, the countries do not intend to stop there.”With Mr. President Aliyev, we set ourselves the goal of doubling the volume of bilateral trade in the next two years,” Zelensky said.In addition, plans were discussed in detail with the Azerbaijani delegation on how to fill with new content the cooperation between the two countries in trade, economic, fuel and energy, military-technical, infrastructure, aircraft building, agro-industrial, cultural and humanitarian spheres.The parties also agreed to hold a meeting of the joint intergovernmental commission on economic cooperation in the first half of 2022. In particular, the plans include holding a meeting of the Council of Presidents of Ukraine and Azerbaijan.”I am convinced that the agreements we have reached begin an even more effective, substantive and mutually beneficial stage of strategic partnership of our states,” Zelensky summed up.

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TRADE BETWEEN AZERBAIJAN AND UKRAINE REACHES $1 BLN

The trade turnover between Ukraine and Azerbaijan for the first time in seven years has reached an all-time high levels of almost $1 billion, President of Ukraine Volodymyr Zelensky has said. “The commodity turnover [between Ukraine and Azerbaijan] not only did not decrease, despite what is happening around the world and our states are no exception, despite the COVID-19 pandemic, for the first time in seven years, the trade turnover has reached an all-time high of almost $1 billion “, Zelensky said during a joint briefing with Azerbaijani President Ilham Aliyev in Kyiv on Thursday.
According to Zelensky, Ukraine and Azerbaijan set a goal to double the volume of joint trade by 2024, increase the amount of joint investments and projects, in particular, the participation of Azerbaijani companies in the Great Construction program, as well as mutual participation in the construction of new infrastructure in both states.
Also, according to the president, Ukraine counts on the active participation of Azerbaijani business in privatization in Ukraine.

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