atn-trans.com
In January-June 2016 from the transit of goods along the TRACECA corridor through the territory of Azerbaijan was profited 88.3 million manat, by 22.2 million manat, or 40% more than in the same period of last year. According to the State Statistics Committee, over six months of the year through the territory of the country were transported 3.567.600 tons of cargo, which is by 30% less than in January-June 2015.
Calculation of railway workers and seamen on freight traffic is made in foreign currency, and then income will be converted into the national currency - manat. Due to the high exchange rate difference carriers receive a handsome profit. Therefore, despite the reduction in traffic, carriers incomes in manat increase. 08D
Economics
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Fitch Ratings has upgraded Azerbaijan’s long-term foreign currency issuer default rating (IDR) from “BB+” to “BBB-,” signifying an investment-grade status with a stable outlook. Despite this positive move, the agency highlighted several economic hurdles that could impact the country's progress.
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The number of overnight stays in hotels and hotel facilities in Azerbaijan surged by 35.8% in the first half of 2024 compared to the same period in 2023, reaching 1.851 million, according to the State Statistics Committee of Azerbaijan.
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Azerbaijan will unveil a unified electronic portal for real estate early next year, according to Nigar Alimova, Chairman of the Board of the State Cadastre and Real Estate Register at the State Property Service of the Ministry of Economy.
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AzerGold CJSC’s sorption leaching plant, located at the Chovdar Integrated Regional Processing Site (CHIRUP) in Dashkesan district, has commenced full-scale operations, the Ministry of Economy announced.
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