The State Statistics Committee informs that the Baku-Tbilisi-Ceyhan (BTC) pipeline from 1 January to 1 August supplied 20 million 596.4 thousand tons of oil, accounting for 78% of the total pumping volume. Of these, 2.8 million tons were transit cargo. In general, the pipeline transported in different directions 26 million 400 thousand tons (minus 3.8% versus the same period last year).
At the same time the total volume of cargo transportation by all modes of transport by 1 August was at a level of 123 million 603.4 thousand tons (minus 2.1%), with 82.2% of cargo on private transport (+ 1.7%).
Most of the goods were transported by road - 77 million 167.7 thousand tons (+ 2.8%), 26.4% - by pipelines, 8 million 263.9 thousand tons – by train (minus 18.6%), 3 million 20.1 thousand tons – by sea transport (minus 27.1%). The real plus (+ 21.1%) came from the air carriers - 85.1 thousand tons. --17D-
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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