Two Foreign Companies Terminate Activity in Azerbaijan

Azerbaijan has concluded the pilot phase of its 4SI Academy project, a digital education initiative aimed at equipping the country's workforce with the skills necessary for the Fourth Industrial Revolution. The programme, a collaboration between the Analytical and Coordination Center for the Fourth Industrial Revolution (4SIM) under the Ministry of Economy, the Education Development Fund (TIF), and U.S.-based online education provider Coursera, has provided free access to cutting-edge courses in technology and leadership.

Delegates from around the world gathered on Thursday in the capital of Azerbaijan for the preliminary session of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (PreCOP29), laying the groundwork for next month’s critical climate discussions. This meeting, which marks a pivotal moment for international climate negotiations, is expected to serve as a forum for participants to align their positions ahead of the full-scale COP29 summit.

Azerbaijan's tourism industry has shown marked signs of recovery and growth in the first nine months of 2024, underscoring the sector's resilience and adaptability in the post-pandemic landscape. As of September 2024, nearly 2.086 million foreign tourists visited Azerbaijan, a robust increase of 30.2% compared to the same period in 2022. The country witnessed a particularly strong performance in July 2024, with 271,591 tourists—a 21% rise from July last year.

Freight traffic along the Trans-Caspian International Transport Route has shown a remarkable increase in the first nine months of 2024, bolstered by a concerted push from participating countries to enhance their transport corridors and logistical frameworks. The strategic corridor, which links Asia and Europe via the Caspian Sea, has seen cargo volumes surge by 2.7 times compared to the same period in 2022, highlighting its growing significance as a viable alternative to traditional trade routes.