Azerbaijan’s Economy Minister on Upcoming BICFIT Event in November at COP29
Economics
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Azerbaijan’s SOCAR Polymer has reported a substantial rise in propylene exports, marking a 65% increase in September 2024 compared to previous months. This surge comes amid a general slowdown in polypropylene exports, which declined by 17.8% over the January to September 2024 period.
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Azerbaijan’s Parliament has amended the country's tourism law to restrict certain industrial activities within tourism and recreation zones, reinforcing environmental protections aimed at sustaining the appeal of these areas to tourists and safeguarding local ecosystems. The new amendment, endorsed by President Ilham Aliyev, introduces Article 19.5 to the “Tourism Law,” specifying prohibitions on industrial operations deemed harmful to tourism areas.
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The Baku-Tbilisi-Kars (BTK) railway, launched on October 30, 2017, celebrates its seventh anniversary, showcasing robust growth in freight transportation. According to Azerbaijan Railways (ADY), BTK, a vital link within the Middle Corridor, increased its annual freight capacity from 1 million tons at its inception to 5 million tons following modernization work completed in May this year.
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Gulnar Mammadova (a pseudonym), who has suffered from asthma in Baku for seven years, says summer has become increasingly challenging in recent years. According to her, the intense heat combined with high humidity in summer negatively impacts her health: "Summers in Baku have been hotter compared to previous years. The humidity is overwhelming, so I try to go to the countryside. But renting a place in the regions, even for a month in summer, is quite costly."
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