According to the Balance of Payments of Azerbaijan, in January - June, the country received $ 1.7 billion from individuals living abroad. This, according to the Central Bank of Azerbaijan, was 92.7% of the total value of transactions with foreign countries by a secondary income.
The other operations accounted for $ 100 million, or 7.3%, including 3.7% being the cost of imported humanitarian goods, and 3.6% of other income.
According to the Center for Economic Research, annual remittances from abroad are in the amount of $ 3.5 billion to $ 4 billion, which is a stable figure over the years, indicating systematic support of poor relatives. Roughly half of the money comes from Russia. --17D-
Economics
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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As a member of the International Renewable Energy Agency (IRENA) Council, Azerbaijan participated in the 28th meeting of this Council in Abu Dhabi (UAE).
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Azerbaijan’s imports of animal and vegetable fats and oils climbed 23.9% by weight and 16.2% by value from January to September 2024, official data revealed. Despite the uptick in volume, the import cost of these products saw a decrease compared to the same period last year, with the cost per ton of vegetable oil falling by 6.1% to $1,199.6 in 2024, down from $1,278.6 in 2023.
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