Economics
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The Government of Azerbaijan remains steadfast in its commitment to prioritize the development of the transport sector, as evidenced by the latest data highlighting marked growth and diversification across various modes of transportation during January-March 2024.
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Azerbaijan's economy demonstrated resilience in the first quarter of 2024, with a growth rate of 4% propelling GDP to 29 billion manats, despite challenges in the extractive industry. Non-oil GDP, accounting for 18.7 billion manats, showcased impressive growth of 6.7%, driven by key sectors including manufacturing and agriculture.
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The Accounting Chamber of Azerbaijan has published the first issue of the quarterly newsletter "State Audit" for 2024, which reveals a number of problems in the agricultural sector of the country.
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The ambitious project of the Caspian-Black Sea-Europe Green Energy Corridor can make significant progress this year as it prepares for the start of evaluation work, Deputy Energy Minister Elnur Soltanov told the press.
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