BAKU / 20.09.16 / TURAN: The Indonesian President Joko Widodo in the next year is to visit Azerbaijan, the Ambassador of this country Husnan Fanani told the Caspian Journal.
The purpose of the visit is the strengthening of economic relations, including trade and transit, as well as the promotion of bilateral investment opportunities. Today, according to the Ambassador, his country, mining 800,000 barrels of oil per day, needs twice as much, so it purchases from Azerbaijan from 400 to 600 thousand barrels of oil plus a small amount of fuel oil.
According to him, there are prospects for the opening in 2017 of direct flights from Jakarta to Baku and back, and the capital of Azerbaijan can become not only a transit point for pilgrims from the largest country of the Islamic world, but in the future, also one of the most popular tourist destinations. --17D-
Economics
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Azerbaijan’s SOCAR Polymer has reported a substantial rise in propylene exports, marking a 65% increase in September 2024 compared to previous months. This surge comes amid a general slowdown in polypropylene exports, which declined by 17.8% over the January to September 2024 period.
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Azerbaijan’s Parliament has amended the country's tourism law to restrict certain industrial activities within tourism and recreation zones, reinforcing environmental protections aimed at sustaining the appeal of these areas to tourists and safeguarding local ecosystems. The new amendment, endorsed by President Ilham Aliyev, introduces Article 19.5 to the “Tourism Law,” specifying prohibitions on industrial operations deemed harmful to tourism areas.
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The Baku-Tbilisi-Kars (BTK) railway, launched on October 30, 2017, celebrates its seventh anniversary, showcasing robust growth in freight transportation. According to Azerbaijan Railways (ADY), BTK, a vital link within the Middle Corridor, increased its annual freight capacity from 1 million tons at its inception to 5 million tons following modernization work completed in May this year.
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Azerbaijan’s Minister of Economy, Mikayil Jabbarov, announced on social media platform X that a high-level session of the Baku Initiative on Climate Finance, Investment, and Trade (BICFIT) is scheduled for November 14 during COP29.
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