Azerbaijan Trade Forum emphasizes role of SMEs in driving non-oil exports growth

Food prices in Azerbaijan’s capital, Baku, increased by 5% during the first nine months of 2024, highlighting rising inflationary pressures in the domestic market, the Turan agency reported.

Global grain prices continued their downward trajectory in August, as the FAO grain price index slipped 0.5% from July and a sharp 11.9% year-on-year decline, reflecting weakening demand and intensifying competition among major exporters. Wheat prices were particularly impacted by higher-than-anticipated production levels in Argentina and the United States, exerting additional downward pressure on the international market.

Azerbaijan’s national air carrier, AZAL, has enhanced its international travel offerings through a new partnership with Ethiopian Airlines, providing passengers with increased connectivity and convenience for global travel, the airline announced on Monday.

Azerbaijan is hosting the inaugural Azerbaijan Halal Business and Tourism Forum (AZHAB Forum) in Baku, a pivotal event aimed at advancing the country's halal business and tourism sectors. Organized by the Ministry of Economy, the State Tourism Agency, and the Small and Medium Business Development Agency (SMBDA), the forum has garnered support from international and local organizations, including the Organization of Islamic Cooperation (OIC) and the Islamic Chamber of Commerce and Development (ICO).