Today at Baku Expo Center opened the 7th Azerbaijan International Exhibition Environment Caspian Ecology 2016.
The exhibition is attended by 61 companies from 14 countries, among them Britain, Germany, Denmark, Czech Republic and others. For the first time the Caspian Ecology Exhibitors include companies Arkon Flow Systems (Czech Republic), Bluecast JSC (Lithuania), and Dikkan (Turkey).
Traditionally, the exhibition involves the Ministry of Ecology and Natural Resources, and the Ministry of Emergency Situations of Azerbaijan.
In general, Caspian Ecology will demonstrate developments in the field of efficient use of natural resources, the system for the collection and disposal of solid waste, attracting people's attention to environmental issues and their resolution.
The exhibition will end on November 18th. It is organized by the company Caspian Event Organizers. -----08D
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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