In the first half of this year, including the period of the European Games, Azerbaijan was visited by 973.5 thousand foreigners, the website of the State Committee on Statistics said.
Traditionally, the largest number of citizens comes from Russia (310.7 thousand people) and Georgia (283.4 thousand), for a total of 61% of the total number of visitors. It should be borne in mind that the majority of this category of foreign citizens is ethnic Azerbaijanis.
Following are the Turks (148.2 thousand persons or 15.2%), the citizens of Iran - 72.8 thousand or 7.5%, Ukraine - 27.2 thousand, the UK - 19.4 thousand, Kazakhstan – 12.5 thousand, Germany – 7.8 thousand, USA - 6.5 thousand people and so on.
From January to July, for different reasons and with different objectives, 1 million 919.2 thousand citizens left the country. --17D-
Economics
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Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
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Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
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Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
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In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
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