electronic retailing turnover in Azerbaijan in January-May 2014 amounted to 1.1 million manat, which is 20.6% more than the same period last year, according to the State Statistics Committee.
The Statistics Committee forgot to emphasize that it is 0.013% of the total (8.3 billion manat) of retail trade in the country. In the reported period, 90.8% of the turnover in e-commerce accounted for non-food products. Meanwhile 79.7% of goods were purchased through electronic trading entities.
Recall electronic retailing turnover in Azerbaijan in 2013 amounted to 2.6 million manat. -17D-
Economics
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The black boxes from the AZAL aircraft have been returned to Kazakhstan from Brazil and handed over to the investigation commission for analysis of the aviation accident that occurred near Aktau Airport on December 25, Kazakhstan's General Prosecutor's Office reported.
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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