Weekly economic review (April 9-14)

AITF 2012 - Azerbaijan International Travel and Tourism Fair, annual meeting place of the tourism industry experts, took place from April 12 to 14 in Baku, Azerbaijan, Iteca Caspian said.

The Ministry of Culture and Tourism of the Republic of Azerbaijan was officially supporting the exhibition, and support was also being provided by the World Tourism Organisation, the Azerbaijan Export & Investment Promotion Foundation, the National Confederation of Entrepreneurs (Employers) Organisations of the Republic of Azerbaijan, and the International Tourism Trade Fairs Association.

Azerbaijan Airlines is the event's official airline, and for the second year running SW Travel was sponsoring the event. AITF 2012 was being organised by ITE Group plc and its partners in Azerbaijan Iteca Caspian LLC.

AITF 2012 brought together more than 200 exhibitors, all presenting their exclusive tourist offerings. The exhibition showcased 60 tourist destinations, with 15 national stands and 28 countries.

Turkey was the event's partner country for the third year running, and showcased its tourist potential from an extensive stand.

Bulgaria was the guest country for the first time in AIFT.

According to Ivo Marinov, Deputy Minister for Economy, Energy and Tourism of Bulgaria, there is great potential for cooperation between Bulgaria and Azerbaijan in the tourism sector.

Georgia, Slovenia, the Czech Republic and Dubai presented national stands, and the Stavropol Region's stand combined offerings from the resort towns of Yessentuki, Zheleznogorsk, Kislovodsk, Mineralnye Vody and Pyatigorsk, all famous for their popular spa treatments. Several high-profile organisations were making their first appearance at the exhibition this year, such as the Lithuanian Spa Association, representation from Slovenia's wellness and spa sector.

Mauritius, Malaysia, the Seychelles, Thailand and several others exhibited this year to demonstrate the exotic locations available to the Azerbaijan outbound travel market. The World Tourism Organisation, a long-time supporter of the event, was also exhibiting at this year's event, which emphasised the international interest shown in AITF.

Traditionally, the stand of Ministry of Culture and Tourism of Azerbaijan Republic demonstrated the potential for tourism in Azerbaijan at the exhibition. New destinations for adventure holidays in Azerbaijan were presented by travel agents, holiday spots and spas in the country. World famous hotel brands such as Fairmont, Hilton Baku, Kempinski and Park Inn completed the exhibition's domestic representation.

The exhibition's standout aspect this year was its extensive business programme, with open presentations and various cultural and entertainment events to bring to life the national character of the exhibiting countries. The programme focused on active interaction between exhibitors and visitors and allowed them to get useful information on the tourism industry by means of the following: Qatar Airways delivered themed presentations every day on their destinations in Asia, the Persian Gulf and the Indian Ocean. Thailand's National Tourism Agency presented the country's exotic resorts. The Visegrád Group, a union of Slovakia, Poland, Hungary and the Czech Republic, gave visitors the chance to find out about tours to their countries.

Armenia outraged by Russian PACE delegates refusal to discuss so-called "issue of POWs”
Armenia outraged by Russian PACE delegates refusal to discuss so-called "issue of POWs”
Museums like War Trophy Park in Baku, open in many countries - Russian historian
Museums like War Trophy Park in Baku, open in many countries - Russian historian
Soldiers were unprepared for war with Azerbaijan - ex-secretary of Armenian Security Council
Soldiers were unprepared for war with Azerbaijan - ex-secretary of Armenian Security Council
Loading Bars
EU to donate 145,000 Pfizer vaccine doses to Albania
15 generals to ensure transition in Chad after death of President Deby
Indian PM rules out lockdown despite second wave of COVID-19
Turkey reports over 62,000 COVID-19 cases
Azerbaijan's import of cars from Turkey drops
Municipality of Turkey’s Agri province opens tender to buy diesel fuel
Chad leader Deby, key Western ally, killed in battle
Turkish energy company opens tender to build power plant in Istanbul city
Production of Sputnik V vaccine launched in Argentina
CBI allocates $178 m to buy COVID-19 vaccines - CBI chief
Bulk of calculations in Azerbaijan's trade turnover made via FCC - state committee
Azerbaijan limits import of meat products from several countries
Azerbaijan's Azexport portal reveals total value of export orders
Azerbaijani Finance Ministry places medium-term bonds on auction
Opportunities for partnership among SMEs expanding between Azerbaijan and Turkey
Main reason for Georgia's increase of electricity imports revealed
Prices for summer cottages, private houses increase in Baku
Number of client accounts in Azerbaijani banks increasing
Uzbekistan’s 1Q2021 export of fruit and vegetable products slightly down
Azerbaijan's National Depository Center talks another interest payment on SOCAR bonds
Karabakh suffered from Armenian occupation for nearly 3 decades - Turkish MP
Search for missing servicemen continues – Azerbaijani Military Prosecutor's Office
Armenia doesn't comply with clause of Nov.10 statement on restoration of economic and transport ties – Azernews
Support to Eastern Partnership states - key pillar for European Council, Charles Michel says
Azerbaijan joins initiative of single roaming space between Eastern Partnership countries
Turkish Airlines receives permission to operate flights to number of Uzbek cities
Kazakhstan’s KMK Munay decides against paying out dividends for 2020
Kazakhstan's revenues from maritime cargo transport surge
High freight rates significantly raise global prices of commercial ships
Central Bank of Iran allocates funds for import of vaccines
Iran's Energy Exchange announces products to be on sale on April 21
Geostat reveals Producer Price Indices for services in Georgia
Turkmenistan boosts imports of Turkish-made chemicals
Uzbekistan, France agree on deepening interaction in textile industry
Boeing CFO Smith to retire in July
Georgia increase tea import from Azerbaijan
Czech Development Agency talks projects in Georgia
Georgia sees increase in Export Price Index
Domestic Producer Price Index for Industrial Products up in Georgia
Number of oil, gas wells drilled in Iran revealed
Kazakhstan's exports to Bulgaria plummet
Iran's Esfarayen Industrial Complex to increase exports
Azerbaijani payment system to offer instant digital banking cards
Russian iron and steel works company reveals supplies of metal production to Uzbekistan
Baku Higher Oil School organized a webinar on the topic 'Higher Education and Research in the Post-COVID Period' (PHOTO)
PACE can offer support for establishment of lasting peace in South Caucasus - SecGen
Israel's government debt jumped to nearly NIS 1t in 2020
TAP’s gas deliveries for Q1 2021 disclosed
Swiss investments in Azerbaijan concentrated in non-oil sector – Swiss ministry
Azerbaijan names number of vaccinated citizens
Iran to receive vaccine through COVAX
Iran increases salaries for army personnel
Producer Price Index for Industrial Products up in Georgia
Iranian private sector to import 6 million doses of COVID-19 vaccine
Iran to implement extensive and maximum vaccination plan - President Rouhani
Budget provides continued support to Georgian economy - IMF mission
Azerbaijan confirms 2,197 more COVID-19 cases, 1,946 recoveries
Georgia sees decrease in external debt
Pakistan always supports Azerbaijan's just position - Pakistani Admiral
Bahar Azadi gold coin price still falling in Iran
Chairman of Iran Tea Organization talks about tea growing
Russia ready to help Kazakhstan in construction of nuclear power plant
Israeli journalists visit roadside inn in Azerbaijan’s Fuzuli, turned into barn by Armenians during occupation (PHOTO)
Uzbekistan taking additional measures to develop karakul sheep breeding
US company to build cannabis farm in Uzbekistan
France’s Orano to develop new mining sector in Kazakhstan
National Bank of Georgia remains focused on achieving its inflation target
Azerbaijan's International Bank discloses 1Q2021 net profit
Turkmenistan joins WIPO Patent Law Treaty
Armenia outraged by Russian PACE delegates refusal to discuss so-called "issue of POWs”
Electricity generation of Iran's hydroelectric power plants to decline
Azerbaijan's 1Q2021 polyethylene production slightly down
Russian Railways to build high-speed railway entries to Moscow, St. Petersburg by 2024
UAE central bank extends some stimulus measures until mid-2022
President Aliyev interviewed by Azerbaijan Television (PHOTO)
Important to observe int’l law to avoid such conflicts as Karabakh one in future - Chancellor of Germany
UK eases post-Brexit controls on vehicles taking goods to the EU
PayPal's Venmo launches crypto buying and selling
Iran's shares data on sale of public assets
President Ilham Aliyev attends inauguration of Azersun Shamakhi Agropark in Hajigabul (PHOTO)
Iran expects revival of JCPOA in short term
Liabilities of International Bank of Azerbaijan increase
Sinovac supplied 260 mln COVID-19 vaccine doses globally
Azerbaijan names number of foreign visitors in 1Q2021
Elbit Systems awarded $41m US Marines night vision deal
Price of wheat purchased from farmers in Iran increases
President Ilham Aliyev launches 110/35/10 Kv “Garasu” substation in Hajiqabul (PHOTO)
Baku-Tbilisi-Ceyhan’s oil transportation to Turkey down y-o-y
Kazakh oilfield construction company opens tender to buy pipes
SOCAR sums up Kulevi oil terminal’s Q1 2020 performance
Total assets of International Bank of Azerbaijan increase
Iran declares value of exports from cooperative enterprises in Razavi Khorasan Province
Uzbekistan plans introducing charter flights to popular destinations
Companies from Russia’s Smolensk begin to export products to Azerbaijan
Iran reveals COVID-19 data for April 20
Amount of registered Iranian companies in Turkey down
Khazar Consortium in Turkmenistan opens tender for equipment purchase
Azerbaijani banks' foreign currency demand disclosed
Border checkpoint between Iran, Pakistan to be opened
SOCAR’s petrochemical complex to significantly increase sales – Yapi Kredi
All news