Travel services for a total of $ 1 billion provided to foreigners in Azerbaijan in January-June 2012. This is $ 483.3 million, or 93.5% more than in the corresponding period last year.
Of the total volume of exports of tourism services 40% 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 $ 490.8 million or 69.2% to $ 1.2 billion, of which 63.2% is spent in private foreign travel. - 15B -
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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