In the first half of the year the income from airline cargo transportation totaled $171.7 million manat. This is by 0.1% less than in the same period last year. The volume of cargo (28.4 tons) increased by 16.9%.
According to State Statistics Committee (SSC) , the costs for freight carriers (AZN 123.5 million) increased by 0.1%. Thus, the profit of cargo carriers in the first half of the year amounted to 48.2 million manat.
Over seven months of this year the volume of cargo carriages in the air transport reached 32.400 tons (+17%).
The bulk of goods is transported by airlines of the "Silk Way Airlines", which operates outside the country. According to SSC, some of the goods were transported by airline "Azerbaijan Airlines" and "Turan Air". -0 –
Economics
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Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
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Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
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Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
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The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
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