In the first half of this year, the Azerbaijani Airlines carried cargo totaling 214.7 million manat. This is 25 % more than in the comparable period of 2012, the State Statistics Committee told Turan. The volume of freight traffic grew 1.9 times and amounted to 54.7 thousand tons.
Profitability of freight traffic in the first half of the year was 29% . At a cost of 166.4 million manat, airline tax profit amounted to 48.2 million manat. This year, the cost of cargo transport you grew by 34.8%.
Cargo transportation in Azerbaijan is performed by Azerbaijan Airlines, Turan Air, Silk Way Airlines, and Silk Way West. The last three belong to the group of companies Silk Way Holding. The bulk of shipments is accounted for by this holding, which operates largely outside the country.
According to the SSC, the first eight months of this year, the volume of freight traffic on local air transport airlines reached 73.8 million tons, up 92.6 % over the same period last year.
In 2012, general freight in air transport was 59.1 thousand tons, which is 16.8 % more than in 2011. - 08D-
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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