cargo carriages by sea by the Azerbaijani trade ships have decreased by the end of the year; however, the volume of carriages shows a positive trend (+0.4%). Over ten months of this year Azerbaijan Caspian Shipping Company transported 10,334,400 tons. The entire volume of carriages was on the Caspian area. For the third year the Azerbaijan Caspian Shipping Company as the Company does not enter international waters in the Black Sea and the Mediterranean because of the high rates of navigation of the Russian Federation on the Volga-Don canal. Also in the shipping company admitted that there is much to do in the Caspian Sea. In order to cope with growing freight traffic, several tankers and ferries were bought.
The share of oil products account for 61.2% of carriages. The remaining 38.8% are dry cargo.
According to the Azerbaijani State Statistics Committee, in January-October this year the country's ports handled 9.9 million tons of cargo. Of these, 86.5% are transit goods, and transit has increased by 2.1%. -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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