In January-July of 2016 in transit through Azerbaijan in the direction of East-West 4,197,900 tons of cargo was transported. Compared with the same period of 2015, transportation decreased by 1.6 million tons, or 28.3%, the State Statistics Committee told Turan.
The cargo transit mainly reduced due to the sale of Turkmen oil, bypassing the territory of Azerbaijan.
The government hopes to increase transit for the international transport corridor TRACECA by commissioning the Baku-Tbilisi-Kars railway, which is expected in late 2016 or early 2017. In order to ensure the logistics of the route the government has built a new seaport in the Alat settlement of Baku. ------08D
Economics
-
But Putin Says It's "Virtually Impossible" Due to Zelensky's Position Slovak Prime Minister Robert Fico visited Moscow on Sunday to discuss energy issues, becoming the third EU country leader to hold talks with Vladimir Putin since Russia's 2022 invasion of Ukraine. Prior visits include Austrian Chancellor Karl Nehammer in April 2022 and Hungarian Prime Minister Viktor Orbán in July 2024. Slovakia is also a NATO member.
-
Environmental, Social, and Corporate Governance (ESG) principles have emerged as a transformative force in modern business practices, reshaping priorities across industries. This was a key theme highlighted by Orkhan Mammadov, Chairman of the Management Board of the Small and Medium Business Development Agency (KOBIA), at the conference "Labor Relations, Occupational Safety, and Human Resources as Key ESG Approaches," held on Monday in Baku.
-
A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
-
The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
Leave a review