From January to September, on the territory of Azerbaijan was forwarded 11,368,000 tons of goods in transit. 10,661,400 of them or 93.7% accounted for goods transported by the Azerbaijan section of Corridor Trans Europe-Caucasus-Asia (TRACECA).
Transit of goods along the TRACECA corridor decreased compared to the same period in 2011 by 2.5%, the State Statistics Committee told Turan.
Transportation in this corridor by rail amounted to 5.1 million tons (-3.8%), on the Caspian Sea - 5.56 million tons (-1.3%).
Only to local traffic on the corridor freight traffic was 37.7 million tons, which is 6% higher than in the first eight months of 2011.
According to the committee, cargo rescued from the activities of the corridor TRACECA 284,8 million manat, which is 20.5% more than in the same period of 2011. - 08D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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