Shipping revenues increase by 7.2%
At the end of 2012 the Azerbaijan State Caspian Shipping Company, despite the decline in freight traffic by 100 thousand tons, increased revenues by 7.2%. Shipping pursued a flexible tariff policy on international services, carried out in the Caspian area.
According to the State Statistics Committee, in 2012, the revenues of shipping companies increased 113 million manat. The costs of transportation services totaled 102.9 million manat, increasing by 4.6%, and the profit obtained totaled 10.120.
In 2012, by sea were transported 12.4 million tons against 12.5 million tons in 2011.
Azerbaijan State Caspian Shipping Company extends the fleet through purchases of ferries and tankers in Russia and Croatia. The transport fleet includes 82 vessels, including 43 tankers, 39 - dry cargo vessels (including seven railway ferries, two cargo ships of Ro-8, and six cargo ships of Ro-ro), with a total deadweight of 488,000 tons. - 08B-
Economics
-
Azerbaijan’s COP29 Operating Company is advancing green energy initiatives with partners to power the Baku Olympic Stadium, host of the upcoming COP29 climate summit, and to promote sustainability across Azerbaijani regions.
-
Azerbaijan's car market has shown mixed trends in 2024, with a sharp drop in the volume of imported vehicles but a rise in overall import costs, according to data for the first nine months.
-
Azerbaijan’s real estate market, particularly in Baku, continues to see significant price growth in 2024, with apartment prices up by 9.2% in the first nine months of the year. The trend is largely driven by supply shortages, inflation, and rising demand from investors, according to market analysts.
-
The Small and Medium Business Development Agency of Azerbaijan (KOBİA) has focused its support efforts on the Baku economic region, approving 220 business plans from January to September 2024, underscoring its commitment to fostering business growth within the country.
Leave a review