Food imports increased by 11.4%

The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.

Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.

Azerbaijan’s Finance Minister Samir Sharifov and UAE’s Minister of State for Financial Affairs Mohamed Hadi Al-Husseini discussed strengthening cooperation in the financial sector during a meeting in Dubai, the UAE Ministry of Finance said on social media platform X.

Azerbaijan celebrated Energy Day on October 20, 2023, marking the 43rd anniversary of the launch of the first power unit at the Azerbaijan Thermal Power Plant. This event highlights the importance of the energy sector for the country, which is actively advancing its policies in renewable energy and efficiency improvement.