Cargo transportation amounted to 129.8 million tons in Azerbaijan in January to July, up by 1.7% YoY. The road transport holds the biggest share of transportation volumes – 26.8% of goods were delivered via roads, the State Statistics Committee informed. The second most intense traffic was recorded by pipelines, their share in cargo transportation accounted…
In January-July the state budget revenues of Azerbaijan amounted to 12,435.5 million manats, while expenses reached 13,102.7 million manats, the State Statistical Committee reported. These exceed the similar indicators of the last year by 2.5% and 12.5%, respectively. A deficit of 667.2 million manats has been formed in the budget. This figure is 121.7 million…
During the first seven months of 2019 Azerbaijan imported 653.23 thousand tons of wheat (valued at $145.8 million), up by 9.2% YoY, reported the State Customs Committee. In addition, in the period the imports of meat increased to 28.8 thousand tons (by 12.1%) valued at $43.3 million, while the imports of edible vegetable and animal…
All flights of Buta Airways to Tehran will be operated through new Salam Terminal of Imam Khomeini International Airport (IKA) from September 1. Passengers of the flights will also be notified according to the airline’s procedure via the telephone numbers indicated during the purchase of the air ticket. The flights to Tehran are carried out…
The net foreign assets of Azerbaijani banks in July amounted to 16.29 billion manats, up by 7% YoY, the Central Bank of Azerbaijan (CBA) reported. The net domestic assets of the banks amounted to 8.998 billion manats, up by 20.8%. According to the CBA report, as of July 1, the broad money supply amounted to…
Thanks to the attention and care of the President of the Republic of Azerbaijan, the Supreme Commander-in-Chief of the Armed Forces, confident reforms are being carried out in the field of military capability development, improving the service, social and living conditions of military personnel, protecting the health of servicemen, strengthening the logistic support of the…
According to analysts of the Institute of International Finance (IIF), Azerbaijan will continue economic growth, despite lower prices for raw materials and low growth rates in Russia and China, which significantly affects the regional economy, the IIF report on Caucasus and Central Asia says. According to the report, Azerbaijan is on course to expand its…