From January to May 2016 Azerbaijan exported 2,735,042,000 cub.m. of gas as a part of the Shah Deniz-1 project, down 1.2% against the same period in 2015, according to the Turkish Council of the Energy Market Regulation (EPDK).
According to the same source, in May 2016 Azerbaijan exported 475.76 mcm of gas to Turkey. During this period 16.4% of gas was exported to Turkey from Azerbaijan and the remaining volume was exported by Iran and Russia.
According to the EPDK, in 2015 Azerbaijani gas export to Turkey totaled 6,168,068,000 cub.m.—0—
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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