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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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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