The managers of Ganja after the city's election as the European Capital of Youth in 2016 announced plans to open new production sites.
According to the report on the website of the city's executive power on behalf of the Head of Executive Power Elmar Valiyev, in the second quarter the foundations of five new plants will be laid, which means the creation of about 6.5 thousand jobs. The construction of a new brick factory and the Ganja train depot, which will be commissioned in 2017, has already started, he said at a meeting with the youth of the city.
Recall, November 21 last year, Ganja was elected European Capital of Youth 2016, beating Vilnius (Lithuania), Varna (Bulgaria), Galway (Ireland), La Laguna and Badajoz (Spain) in the fight for the title.
The title European Youth Capital is awarded to the city for a year, during which it has the opportunity for young people to carry out cultural, sporting, social and political events. - 17D-
Economics
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Azerbaijan's tourism industry has shown marked signs of recovery and growth in the first nine months of 2024, underscoring the sector's resilience and adaptability in the post-pandemic landscape. As of September 2024, nearly 2.086 million foreign tourists visited Azerbaijan, a robust increase of 30.2% compared to the same period in 2022. The country witnessed a particularly strong performance in July 2024, with 271,591 tourists—a 21% rise from July last year.
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Freight traffic along the Trans-Caspian International Transport Route has shown a remarkable increase in the first nine months of 2024, bolstered by a concerted push from participating countries to enhance their transport corridors and logistical frameworks. The strategic corridor, which links Asia and Europe via the Caspian Sea, has seen cargo volumes surge by 2.7 times compared to the same period in 2022, highlighting its growing significance as a viable alternative to traditional trade routes.
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In September 2024, the prices of building materials in Baku increased by an average of 0.9% compared to the previous month, reflecting a stable yet slightly inflationary trend in the construction sector. This trend has been driven by a mix of local demand factors and fluctuations in import prices, particularly for materials such as timber and rebar.
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The British Islamic Trade Association and the Association of Food and Beverage Producers of Azerbaijan signed a Memorandum of Understanding (MoU) during the first Azerbaijan Halal Business and Tourism Forum (AZHAB Forum), held in Baku on October 8-9, 2024.
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