Tourist services for a total of $ 1.2 billion provided to foreigners in Azerbaijan in January -June 2012. This is 20 percent more than in the corresponding period last year.
Of the total exports of tourism services 38.5 % were non-residents costs incurred by them in the course of business travel 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 14.7 % , reaching $ 1.4 billion, of which 62.1 % is spent in the private foreign travel for citizens . - 15B -
Economics
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Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
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The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
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Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
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In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
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