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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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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