rthvictoria.com
In 2016 the number of foreigners visiting Azerbaijan increased by 12.1% and reached 2 million 248.8 thousand people, the State Statistics Committee.
The number of active tourists from Arab countries (Iraq, UAE, Saudi Arabia, Qatar) has grown significantly. The intensity of tourists from Iran has increased by 66.2%, Egypt - 51.8%, China - 44.5%
According to the SSC, from CIS countries to Azerbaijan 868 thousand people came in 2016, by 8.1% more than in 2015.
Geography of the tourists changes not only for the better. For example, from the European Union 91.1 thousand people came to Azerbaijan last year. This is 16.6% less than the year before.
The Azerbaijani government softens visa procedures in relation to foreigners in order to increase the flow of tourists from different countries. However, many experts propose to abolish visas for citizens of EU countries, other European states, US, etc. ---08D
Economics
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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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