Intelligent Transport Control Center (ITCC) is finalizing a draft of dislocation of parking in the city of Baku, which will be submitted to the Ministry of Transport. In total, according to preliminary data, it is necessary to unload the road toll underground of 160-170 and surface parking areas, said general manager of the ITCC, Elnur Abdullayev.
The bulk of park (over 70%) will be calculated for 300 cars. Park sites will be designed for 100 and 2000 cars. According to Abdullayev, the fee for parking should determine the Tariff (Price) Council with consideration of zonal principle of their arrangement.
Referring to problems with parking taxi, ITCC head said that the issue will be resolved before the end of this year. In addition,it is planned to create 3.4 taxi parks. It is noteworthy that most of the privatized taxis in Baku have changed their profile.
Today in Baku there are a number of private car parks. Two large underground parking lots in front of the Government House at Azadlig square and behind the Heydar Aliyev Palace are being built with budget funds. Shopping and entertainment center "Azure" Nobel Avenue building its own car park. --08C--
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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