Azerbaijan Champions "Green Hydrogen" as the Future of Energy
Economics
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Key players in the Azerbaijani cement industry, including JSC Norm, JSC Holcim Azerbaijan, Arkoz Cement and Reges Cement, joined the Azerbaijan Cement Manufacturers Association (ASIA), which was a landmark step indicating a concerted effort to introduce sustainable practices in the sector.
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A new stage of expansion of the capacity of the Greece-Bulgaria interconnector (IGB), a gas pipeline through which Azerbaijani natural gas is transported to Bulgaria, is beginning.
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An Azerbaijani-Tajik business forum is currently taking place in Baku, underscoring the growing economic ties between the two nations. Azerbaijan's Economy Minister, Mikail Jabbarov, highlighted the significant potential for further increasing trade turnover between Azerbaijan and Tajikistan during his address at the forum.
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The Government of Azerbaijan continues to prioritize the development of its transport sector, as evidenced by the growth and diversification of various modes of transport during January-April 2024. The total volume of cargo transportation by all vehicle types in Azerbaijan reached 73.8 million tons, up from 71.2 million tons in the same period last year. Notably, 77.3% of cargo transportation was carried out by private transport enterprises, with the remainder managed by state-owned companies.
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