He however said Kazakhstan is ready to supply oil by large tankers to Baku. `This way is safer. The oil would be then exported from Baku through the BTC pipeline,` he said. He said Azerbaijan"s tankers could be used in the oil supplies by sea. The sides could discuss the tariffs.
* Azerbaijan"s sub-sea transport infrastructure includes 3,000 km of pipelines (for oil, gas and water). Overall 22 billion m3 of gas and 49 million tons of oil was extracted from Azerbaijan"s Caspian Sector in 2009.--12В--
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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