Azerbaijan: Baku Metro modernizes fleet

Baku Metro keeps on upgrading its facilities and equipment to meet the needs of passengers and provide them with comfort and better services. Head of the press service of Baku Metro Bakhtiyar Mammadov said that the Metro had received two new trains of 10 railroad cars from Russia’s Metrowagonmash company. “Now there is acceptance and…

Azerbaijan: Azerenerji reconstructing power supply system of Baku

Azerbaijan’s biggest electrical power producer Azerenerji OJSC carries out reconstruction, complex repair and rehabilitation work at electric power plants and systemically significant 220 and 110-kilovolt substations in order to improve the supply of electricity to Baku, the surrounding settlements and the country’s regions. A 220-kilovolt substation “Khirdalan”, the substation “Mushfig” in the Badamdar settlement, the…

Azerbaijan: gas production to grow

Oil prices this year are expected to reach $65, Director of Fitch Ratings Sovereign Group in Europe Marina Stefani declared. She said that next year oil prices would be at $62.5. The expert also noted that gas production in Azerbaijan would grow due to the production from the second stage of Shah Deniz field’s development.…

Azerbaijan: hazelnut exports up in Q1 2019

Azerbaijan exported 7,060 tons of hazelnuts worth $38.37 million in the first quarter of 2019. Compared to the same period last year, exports in quantitative terms increased by 57.3%, and in value – by 61.8%. The major importers of local hazelnut were Russia, Italy and Germany. In particular, in January-March as many as 3,213 tons…

Azerbaijan: rail transportation up in Q1 2019

In January-March, 3.54 million tons of cargo were transported by rail, up by 8.2% YoY, Azerbaijan Railways CJSC reported. International shipments amounted to 1.82 million tons of cargo, including both export and import. Among the total cargo transportation, transit transportation amounted to 939,100 tons. Domestic shipments amounted to 781,200 tons of cargo. The average daily…

Azerbaijan: AZAL President and Egyptian Ambassador discuss opening of new flights

President of Azerbaijan Airlines, Jahangir Asgarov met with Ambassador Extraordinary and Plenipotentiary of Egypt to Azerbaijan, Adel Ibrahim Ahmed Ibrahim in Baku. During the meeting, the parties exchanged views on issues related to further cooperation in civil aviation between Azerbaijan and Egypt. Jahangir Asgarov emphasized an increase in passenger traffic at the international airports of…

Azerbaijan: GDP up in January-April 2019

Azerbaijan’s GDP exceeded 23.8 billion manats in January-April that is 2.1% more than in January-April 2018, the State Statistical Committee reported. The volume of GDP per capita stood at 2,411.8 manats. Some 46.5% of Azerbaijan’s GDP accounted for industrial sphere, 5.9% – for construction, and 3.1% – for agriculture, forestry and fishery. Net taxes on…

Azerbaijan: electricity export to Europe starts

Since May 1, Azerbaijan has started supplying electricity to Greece, Romania, Bulgaria and Hungary through Georgia and Turkey, Azerenergy OJSC said in a message. Azerenergy was among the winning companies participating in the auction to supply electricity to Greece and Bulgaria. The company also supplies electricity to Iran, Russia, Turkey and Georgia. In the coming…