Increased demand for imports provokes high demand for foreign currency

The Aghdam Industrial Park in Azerbaijan is experiencing significant growth, with investments surpassing 35 million manats and the creation of around 300 permanent jobs, the Ministry of Economy announced. This initiative is part of a broader effort to rejuvenate the territories recently liberated from occupation, enhancing the non-oil sector and local employment opportunities.

The Shah Deniz field, located in the heart of the Caspian Sea, continues to be a cornerstone in energy production, as highlighted in the first quarter report submitted by BP.

The Baku-Tbilisi-Ceyhan (BTC) pipeline, a linchpin of Eurasia's energy infrastructure, has surpassed a significant milestone, with cumulative oil exports exceeding the 4 billion barrel mark since its inauguration in June 2006.

According to the data published by the State Tourism Agency, in the first four months of this year, Azerbaijan's air transportation sector experienced a significant upturn. Given the marked increase in passenger numbers, the report highlights the country's growing attractiveness as a tourist destination and its key role in ensuring regional connectivity.