In the first half of this year Azerbaijan State Caspian Shipping Company earned 58 million manat from cargo operations. This is 13.2% more than in the comparable period of 2011. In this case, during the period the volume of traffic (6 million 483.7 thousand tons) increased by only 5.3%.
The State Statistics Committee told Turan the costs of water transportation were 5.4 million or 7% more than in the first half of last year. Thus, the balance of profit of the shipping company was 6.6 million manat.
For seven months of the year the company's ships transported 7,585.4 thousand tons (+5.2%). The share of oil accounted for 61.4% of the trafficked goods. - 08D-
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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