Questions of medium-term economic policy (2013-2017) in Azerbaijan were discussed at a meeting of the head of the International Monetary Fund (IMF) on Azerbaijan Raja Almarzogi with the Minister of Economic Development Shahin Mustafayev March 1.
The Ministry of Economic Development noted that during the meeting the sides discussed the macroeconomic framework for 2013 and measures to ensure the non-oil sector, particularly in the private sector. In a previous visit to Baku, the IMF official noted that "the non-oil economy of Azerbaijan is developing due to government spending." - 08D-
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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