SOCAR Petroleum plans to launch 10 new gas stations of the type in Azerbaijan before the end of 2010. There are three of them now. They are located in Baku and were set up in May 2010. SOCAR plans to create 10 more stations in Azerbaijan in 2011.
The stations are managed by SOCAR Petroleum with 51% of the shares belonging to SOCAR and 49% belonging to AP Petroleum.
SOCAR has 46 gas stations in Georgia. Their number will increase to 60 this year. SOCAR also launched its first gas station in Odessa, Ukraine in late July. The number of these stations in Ukraine will presumably increase to 30 in future.--14B--
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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