Economics
-
The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
-
Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
-
Azerbaijan celebrated Energy Day on October 20, 2023, marking the 43rd anniversary of the launch of the first power unit at the Azerbaijan Thermal Power Plant. This event highlights the importance of the energy sector for the country, which is actively advancing its policies in renewable energy and efficiency improvement.
-
At the 13th meeting of the Ministers of Economy and Trade of the Organization of Turkic States (OTS), held in Bishkek on October 18, 2024, Kazakhstan's proposal to establish a Council on Green Finance and a Council of Central (National) Banks of the member states received broad support. Representatives from Azerbaijan, Turkey, Kazakhstan, Kyrgyzstan, Uzbekistan, and Hungary participated in the meeting, focusing on deepening cooperation and promoting economic development within the bloc. The next meeting of the Ministers of Economy and Trade is scheduled to take place in Turkestan, where Kazakhstan will present its Special Economic Zone "Turan" initiative, aimed at further strengthening economic ties within OTS.
Leave a review