The Study Center on the Capital Market (SCCM) under the State Securities Committee organizes on October 11 a workshop for the media on "Principles and instruments of the capital market in Azerbaijan." This is the first such specialized action by SSC for journalists. Before that competitions were held on articles on capital markets and corporate governance.
The PR sector of SSC says that experts of SCCM acquaint journalists with capital market participants, the principles of the use of its tools, the implementation of the control over the market, expand basic knowledge about the peculiarities of the Azerbaijani capital market.
The scope of the capital market is one of the few covered topics in Azerbaijan. This is a consequence of not only the low level of development, but also the lack of basic knowledge of this market at the printed and electronic media covering economic issues. --08D--
Economics
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On September 20, 2024, Volts Energy Ltd., an engineering company based in Abu Dhabi, and Azerbaijan’s Turan Energy LLC announced the creation of a new joint entity, TuranVoltsEnergy. This venture will focus on EPC (Engineering, Procurement, and Construction) projects in renewable energy and energy storage systems within Azerbaijan.
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The number of passengers traveling by air from Azerbaijan has seen a significant increase in 2024, rising by 26.7% from January to September compared to the same period last year. According to the State Agency for Tourism, a total of 2,548,897 people used air transport services to travel to 40 countries during this period.
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Azerbaijan’s prolonged border closures, approaching five years, have taken a profound toll on the labor market, particularly in border regions, where cross-border trade and services were once critical economic drivers. Official data highlights the stark disparity between the growing labor force and the lack of new job creation in these areas, underscoring the social and economic challenges faced by residents.
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Azerbaijan’s food imports have surged to unprecedented levels, with a significant rise recorded in the first nine months of 2024, according to data from the State Customs Committee. Food imports for January-September reached USD 1.755 billion, marking an 11.4% increase over the same period last year. This represents a USD 179.7 million increase compared to 2023, setting a record for food imports in the country’s history. Over the past decade, food imports have more than doubled, rising by 2.4 times, with a notable 52.5% growth in the last five years alone.
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