The total sea cargo transportation was 6,371,600 tons (-14.6% against January-July 2009).
The liquid cargo transportation decreased because Chevron stopped transporting Tengiz oil from Kazakhstan via Aktau-Sangachal (across the Caspian Sea) and then the BTC pipeline in January 2010. But the index will most probably increase in late 2010 because Turkmenistan began to supply its oil through Turkmenbashi-Sangachal (across the sea) and BTC in H2 of July 2010. The supplies will presumably amount to 150,000 tons per month. The Tengiz oil supplies through BTC exceeded 165,000 tons per month in 2009. --14D--
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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