At a multilateral virtual meeting with UN bodies, countries’ energy commitments for COP29 were discussed
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- In World
- 4 November 2024 16:04
Economics
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During the virtual conference "COP29 Action Program: Energy Initiatives and Commitments" on November 4, UNIDO (United Nations Industrial Development Organization) expert Smeeta Fokeer highlighted the importance of adopting international commitments on hydrogen and tripling renewable energy capacities by 2030 at COP29 in Baku.
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Azerbaijan's Cabinet of Ministers has issued a decision to amend various resolutions following the May 1, 2023 Presidential Decree No. 2130, which approved the charter for the Medical Territorial Units Management Association (TƏBIB). The amendments aim to implement structural changes across multiple government regulations to reflect the shift of responsibilities to TƏBIB from other healthcare entities.
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Baku's trade and service sectors showed robust growth during the January to September period this year, underscoring the capital's resilience amid broader economic shifts. Trade turnover surged by 4.9% year-on-year, reaching a substantial 24.95 billion manat, according to the latest official data. This expansion reflects both a modest boost in consumer spending and the city's ongoing role as a commercial hub.
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Azerbaijan’s non-oil export sector demonstrated growth in the first three quarters of 2024, with the country’s export promotion agency, AZPROMO, identifying the top five products driving increased revenue. According to AZPROMO data, cotton, tomatoes, gold, nitrogen fertilizers, and aluminum plates led the surge, reflecting both domestic production gains and strategic shifts in global trade dynamics.
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