Баку/09.10.17/Turan: The Seventh International Caspian Air Cargo Summit 2017 will be opened in Baku from 9 till 11 October at the Boulevard Hotel. Panel discussions http://www.caspianaircargosummit.com/program.html will begin tomorrow, October 10th.
This international forum will bring again together key managers and executives of well-known worldwide companies to discuss options for the development of the cargo industry and identify the most promising areas in the market. More than 200 delegates will attend the two day discussions about current trends and forecasts in rapidly changing business environment, the organizer, Silk Way Airlines, reports.
Recently the footprint of Silk Way in main markets has been increased with more than 10 Boeing 747 aircraft that operate a true global network to more than 40 destinations every week.
During years 2016 and 2017 the strong partnership with Cargolux, SW Italy and Sky Gates Russia Airlines has enabled Silk Way to make a quantum leap in their own development. ---08D
Economics
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Azerbaijan’s gross domestic product (GDP) reached 126.3 billion manats in 2024, marking an increase of 3 billion manats, or 2.4%, compared to the previous year, according to data released by the State Statistics Committee. In 2023, nominal GDP stood at 123 billion manats.
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The latest data from the State Statistics Committee reveals that as of December 1, 2024, the total number of salaried workers in Azerbaijan stood at 1.775 million, with 884,400 employed in the public sector and 890,900 in the private sector. This figure falls significantly short of the government's ambitious targets set seven years ago, raising concerns about employment opportunities, particularly for the country's burgeoning youth population.
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Azerbaijan's legal and physical entities engaged in trade operations with partners from 176 countries between January and November 2024, exporting goods to 120 nations and importing from 167, according to the State Customs Committee.
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Azerbaijan's retail trade turnover climbed 3.9% in real terms in 2024 compared to the previous year, reaching a total of 62.2 billion manats, the State Statistics Committee revealed. Food, beverages, and tobacco accounted for 34.1 billion manats, while non-food products contributed 28.1 billion manats to the total.
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