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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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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