Deficit in the balance of travel services for the three quarters reached 300 million U.S. dollars
Travel services for a total of $ 1.5 billion were provided to foreigners in Azerbaijan in January-September 2012. This is $ 667 million, or by 80.1% more than in the corresponding period last year.
Of the total volume of exports of tourism services 32.6% were non-residents costs incurred in the course of business travel to Azerbaijan.
In turn, according to the balance of payments, the amount of travel services provided to residents of Azerbaijan abroad, for the period increased by $ 648.7 million or 56.3% to $ 1.8 billion, of which 63.2% was spent in private foreign travel. - 15B -
Economics
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BP, which has been operating in Azerbaijan for almost 32 years and is a strategic partner of the country, has outlined its steps for 2025 and the medium-term future, both for ongoing projects ("Shah Deniz," "Azeri-Chirag-Gunashli" – key fields of the country) and for the "green" project of creating the Shahdag Solar Power Station (SPS) in the Jebrail district. BP's vision was shared by Vice President for the Caspian Region, Bakhtiyar Aslanbeyli.
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Last week, another round of negotiations between SOCAR and Tatneft took place in Baku, as the two companies have been discussing potential cooperation for the past three years.
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Azerbaijan’s corporate sector needs to develop an appropriate system for assessing employees, according to Jalal Gasimov, CEO of PASHA Holding. Speaking at the Human Development Forum in Baku, Gasimov emphasized the importance of moving beyond merely evaluating employees based on performance outcomes.
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The launch of the Azeri Central East (ACE) platform in Azerbaijan's Caspian Sea shelf marked an important milestone for BP in 2024, said BP CEO Murray O'Kinkloss on February 11, presenting the company's 2024 report.
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