Today Baku Expo Center opened a traditional Azerbaijan International Exhibition in Food Industry World Food Azerbaijan 2015. The opening ceremony was attended by President Ilham Aliyev
Among the participants are manufacturers, distributors and suppliers of food products as the Azerbaijani and world food market. This year the number of exhibitors is more than 250 companies. The exhibition includes companies from Bulgaria, Germany, India, Italy, Spain, Kazakhstan, Korea, Lithuania, the Netherlands, Poland, Russia, Serbia, Ukraine, France, Czech Republic and others. National exhibition stands are presented by Argentina, Australia, Belarus and Lithuania.
Traditional sections of the exhibition will present fish, meat and poultry, canned goods, dairy products, groceries, confectionery, refrigeration systems, beverages and much more. The exhibition will also present bakery and packaging equipment.
The Caspian International Exhibition Packaging, Tare, Label and Printing - Ipack Caspian 2015 presents equipment for manufacturing and design of packaging, packaging materials, and finished packaging for various industries.
The exhibition will be held from 21 to 23 May. The organizers are Iteca Caspian LLC and ITE Group PLC. ----08D
Economics
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In Baku, grappling with growing environmental challenges, experts and policymakers convened on Friday for an international scientific conference titled “Sustainable Environment: Transition to Green Energy.” The event highlighted the urgent need for innovative strategies to combat pollution and advance renewable energy initiatives.
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Kazakhstan is set to increase its oil transit through the Baku-Tbilisi-Ceyhan (BTC) pipeline by 5.1% in 2024, reflecting growing regional cooperation and diversification in energy routes. According to figures obtained by Turan News Agency, the total volume of Kazakh oil transiting through the BTC pipeline is projected to exceed 1.464 million tons, up from 1.392 million tons in 2023.
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In a groundbreaking development for Azerbaijan’s energy sector, GL Group, a prominent Azerbaijani oil company, has announced plans to drill the country’s first horizontal well on land, reaching a depth of 4,400 meters with a lateral section of approximately 400 meters. The project, a milestone in the region’s oil exploration history, is set to take place at the Kirsangi-Garabaghly onshore fields.
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The Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate of 5.1% by the end of 2024, comfortably within the target range of 4% ± 2%. However, recent data indicate that inflationary pressure has significantly eased over the year: in October, the inflation rate stood at 3.4%, slightly down from 3.5% in September. Official data for November have not yet been released, leaving room for speculation about possible year-end adjustments.
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