President Frank-Walter Steinmeier highlighted the importance of the Petersberg Climate Dialogue, and hailed President Ilham Aliyev's speech at the event.

The Azerbaijani President expressed gratitude for the invitation to the event.

During the conversation, they underscored the successful cooperation between Germany and Azerbaijan regarding COP29, including meetings between the delegations of both countries. The sides stressed the importance of the “Troika” mechanism established for COP29. President Frank-Walter Steinmeier affirmed Germany’s continued support for Azerbaijan in relation to COP29.

The head of state recalled previous meetings with the Chancellor in Berlin last March and two months earlier in Munich, saying: “The bilateral agenda is sufficiently broad. The development of relations between Germany and Azerbaijan is of great importance not only for our countries but also for the overall development and stability of the South Caucasus region.”

“Azerbaijan is now under the umbrella of the initiative that is about connection between Asia and Europe.
Azerbaijan makes linkage between Asia and Europe and we focus now on transportation sector,” he said.

As for the cooperation for development of the Middle Corridor, he said this depends on the requirements of the country.

“As per our previous discussions with the Azerbaijani government, we are focused on roads. Our priority is to engage with governments on food security, climate action, water management, digitalization. We welcome any request from the Azerbaijani government in these sectors. If the Azerbaijani government lists its priorities, we are ready to discuss,” he said.

Al-Sakran noted that the Fund provides loans to countries under the umbrella of cooperation for development.

“Roads are one of the elements of food security. So broadly, cooperation on transportation also covers food security, agriculture, reducing the time of transportation,” he explained.

The Islamic Development Bank Group (IsDB) is holding its 2024 Annual Meetings and Golden Jubilee in Riyadh from April 27-30, under the Royal Patronage of the Custodian of Two Holy Mosques, King Salman Bin Abdulaziz Al-Saud.

The 2024 Annual Meetings are being held under the theme of “Cherishing our Past, Charting our Future: Originality, Solidarity and Prosperity”, which marks IsDB’s 50 years of fostering socio-economic development in its member countries.

Among other topics, the meetings will also feature roundtable on COP29 with participation of Azerbaijani government representatives.

"We discussed the priority directions of initiatives to tackle climate change:

- Measures implemented in the field of green growth and the utilization of Azerbaijan's sustainable energy potential;

- Promotion of joint activities aimed at translating global climate obligations into reality;

- Establishment of centralized financing mechanisms for renewable energy projects," he noted.

He made the remark in a video message during a conference on the topic "A New Period of Socio-Economic Development of Azerbaijan".

According to him, Azerbaijan's private sector has created over 385 jobs since 2019.

"Today we are faced with a more ambitious task. Contributing to the revival of territories liberated from occupation is the moral duty of each of us. We lived with a dream for today. Therefore, the active participation of our entrepreneurs in this process is important.

The socio-economic development of each country is directly related to the development of the private sector. Significant year-on-year growth in economic indicators, including in the field of entrepreneurship, is the result of the work done. This indicates that we are on the right track,” he added.

To note, following the liberation of its territories from Armenian occupation in 2020, Azerbaijan started large-scale restoration and reconstruction activities and made relevant investments.

Thus, investments in fixed assets in the development of Karabakh and Eastern Zangezur economic regions totaled nearly 6.4 billion manat (3.8 billion USD) in 2023.

"Hungary boasts a thriving pharmaceutical sector, and we are keen to see esteemed companies like the globally renowned Gedeon Richter and Egis Gyogyszergyar Plc (prominent in Central Europe) and potentially Celitron Medical Technologies Ltd. venture into business opportunities in Azerbaijan, potentially within special economic zones," he said.

According to him, Azerbaijan could benefit from Hungary's expertise in water resource management, with several specialized companies within the delegation. Hungary is also prepared to undertake construction projects in Azerbaijan, particularly in the liberated regions like Karabakh and East Zangezur.

"We have consistently advocated for peace and consider the swift reintegration of these territories crucial. Additionally, our technology firms are prepared to contribute to this endeavor, particularly as the liberated lands present opportunities for implementing smart city, smart village, and green energy initiatives," the minister noted.

He also emphasized great prospects for cooperation in tourism, science, and culture.

To note, Baku hosted the 10th session of the Joint Commission on Economic Cooperation between the governments of Azerbaijan and Hungary.

The one-on-one meeting was attended by a delegation headed by Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó and a delegation headed by Azerbaijani Minister of Labor and Social Protection Sahil Babayev. The parties discussed the present status of relations between the two nations and the topics slated for the meeting agenda.

The participation fee is 100 manat, or 58.8 USD.

The deadline for bid submissions is no later than 13:00 (GMT+4) on May 14, 2024.

The opening of tender packages will take place at 13:00 (GMT+4) on May 14, 2024.

Additional information: Phone: (+99451) 980-15-22; Contact : Magamed Aliyev (mehemmed.aliev.96@mail.ru); Address: 113 G. Javid avenue, Yasamal district, Baku city.