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…
The State Program for the Development of Industry in Azerbaijan for 2015-2020 and the successful industrialization policy are yielding positive results, Azerbaijani Economy Minister Shahin Mustafayev said. For example, non-oil industrial production in 2015 increased by 8.4%, in 2016 – by 4.8%, in 2017 – by 3.7%, and in 2018 – by 9.1%, he noted.…
The World Bank (WB) has maintained the forecast of GDP growth in Azerbaijan in 2019 at the level of 3.3%, based on the bank’s June report “Global Economic Prospects”. According to the report, WB confirmed the acceleration of GDP growth in Azerbaijan in 2020 to 3.5%, and in 2021 – to 3. %. In general,…
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 Airlines CJSC (AZAL) intends to postpone the timing of delivery of Boeing 737 MAX-8 aircraft till 2024. The negotiations are underway with Boeing Corporation regarding the supply of Boeing 737 MAX-8 aircraft. According to the contract signed in 2017, the aircraft were to be supplied this year, the company said. According to the contract,…
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.…
The average monthly nominal salary of civil servants in Azerbaijan in 2018 increased by 15.3% YoY, to 796.5 manats, the State Statistical Committee reported. According to the committee, as of January 1, there were 29,100 civil servants in the country, 28.5% of which were women. Of them, 4.5% of civil servants worked in the top…