The volume of cargo handled at sea ports in Azerbaijan on June 1, amounted to 5.3 million tons (it is unchanged compared to the same period last year).
According to the State Statistics Committee, the share of local goods was 12.6%, while 87.4% came from the international transit cargo.
By the end of 2013 at seaports 12.4 million tons of cargo was handled.
Local ports (Baku, Astara, Lankaran and Sumgait) are located on the Caspian Sea. The largest port (Baku) has 17 berths, of which 5 are designed for the transportation of crude oil and oil products, 10 - for transportation of timber and other cargo and 2 - for passengers.
The Baku port also has large oil terminals in the Dubendi and Sangachal settlements. -17D-
Economics
-
Azerbaijan has introduced new rules to simplify the leasing of agricultural land on liberated territories, aiming to attract investments and enhance agricultural productivity, according to a presidential decree issued on November 27, 2024.
-
The Asian Development Bank (ADB) allocated $10.5 million to support the retail sector in Azerbaijan, marking another step in its ongoing support for the country’s economic modernization. These investments align with Azerbaijan's broader ambitions to diversify its economy and strengthen small and medium-sized enterprises (SMEs), which are key pillars of sustainable growth.
-
At today’s session of the Milli Majlis, Azerbaijan’s parliamentarians discussed and approved in the first reading a draft law increasing the minimum subsistence level for 2025. The updated figures reflect a modest rise of 10 manats, setting the nationwide living wage at 285 manats. For specific demographics, the levels are 305 manats for the working population, 232 manats for pensioners, and 246 manats for children. The same session also approved the criterion of need at 285 manats for the coming year, aligning it with the national living wage.
-
This year, the plans of the Australian holding Fortescue Future Industries (FFI) for developing "green" projects in Azerbaijan have been adjusted, though negotiations initiated two years ago are ongoing, an informed source told Turan.
Leave a review