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
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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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