Today, May 11 the Baku Expo Center hosted the opening of the 15th Caspian International Exhibition Transport, Transit and Logistics Trans Caspian 2016. Over the years, Trans Caspian exhibition has been attended by about 700 companies.
This year the exhibition is attended by 75 companies, 40 of which are foreign ones, the Minister of Transport Ziya Mammadov said at the opening.
Among the participants is the French company Alstom with several models of urban public transport. Among them are Citadis trams, the Attactis tram system, and subway cars Metropolis. In 2015, the Baku Metro put into operation 3 trains Alstom, each consisting of 5 cars.
This year, the exhibition will feature advances in the transportation industry, the best technology and equipment of domestic and foreign companies in sectors such as railway cars and railway infrastructure, maritime transport, aviation, commercial vehicles, as well as transport and logistics services.
At one site with Trans Caspian the 6th Caspian International Exhibition Road Infrastructure and Public Transport Road & Traffic 2016 and the 3rd Caspian International Exhibition Boats and Yachts CIBS 2016 will be held.
The exhibition organizers are Iteca Caspian and its partner ITE Group. ----08D
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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