In 2016 cargo handling increased by 47% in the Baku International Sea Trade Port in comparison with 2015, reaching 4.5 million tons, according to the Port’s statement.
87% of the cargo handling accounted for international transit.
The largest growth was recorded in handling of large vehicles (TIR). Thus, during the reporting period, the number of such vehicles using the Baku port services increased three times, amounting to 23,415.
13,791 cars followed the route Baku-Aktau-Baku, and 9,850 - the route Baku-Turkmenbashi-Baku.
During this period, transshipment of containers equivalent TEU increased by 28.5% and amounted to 17,100 TEU.
Handling of oil and oil products amounted to 1 million 575 thousand tons (an increase of 87.5%).
The handling of wagons in the new ferry terminal Alat increased by 17.4% to 36,896. This included 11,109 cars on the route Baku-Aktau-Baku and 25,787 on the route Baku-Turkmenbashi-Baku.
The amount of cargo handled in the main cargo terminal in Baku increased by 8.2% and amounted to 418,100 tons. ------ 71D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review