Travel costs Azerbaijanis abroad increased by 17 %
Travel services totaling $ 1.8 billion provided to foreigners in Azerbaijan in January-September 2012. This is 20 percent more than the corresponding period last year .
Of the total exports of tourism services accounted for 37.6% of non-residents costs incurred during business trips to Azerbaijan.
In turn, according to the balance of payments , the amount of tourism services provided to residents of Azerbaijan abroad , for the period increased by 17% , reaching $ 2.1 billion, of which 62.3% is spent in the private foreign trips of citizens . - 15B -
Economics
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Azerbaijan’s Cabinet of Ministers approved a detailed framework for the preparation of sector-specific strategic plans aimed at guiding the country’s economic development over the medium term.
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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