Next express trains in Azerbaijan may run in the directions of Gabala and Yalama, Chairman of Azerbaijan Railways CJSC Javid Gurbanov said. “If construction work goes according to schedule, then the railway services to Gabala will have been launched by the end of 2019. Technical capabilities allow this to be realized. The next destination will…
The Central Bank of Azerbaijan (CBA) expects to keep inflation rate at 4% (+/-2%) in 2019, according to a CBA statement on monetary policy for 2019 and medium term. Inflation rate was falling rapidly in 2018 than expected and stabilized at a single digit. Inflation rate was 2.3% in January-November. The average annual inflation rate…
A high-speed Stadler train will be launched in the coming days, and this train will run along the Baku-Ganja route, Azerbaijan Railways CJSC reported on December 27. This train will travel at a speed of 159 kilometers per hour. Passengers will be able to use VIP and business class seats. Each railcar will have a…
In accordance with the statistics of the Azeraeronavigation Air Navigation Department (AZANS) for 2018, a total of 150,000 flights used Azerbaijan’s airspace, and 95,000 of them accounted for transit flights, the press service of Azerbaijan Airlines CJSC reported. These figures are record-high in the history of AZANS. During the daily period, record-high number was 500…
Since the beginning of 2018, 45,000 passengers have been transported through the Baku International Sea Trade Port, up by 50% YoY. According to the port, this is a record figure for Azerbaijan in terms of passenger transportation by sea over the past 20 years. It is expected that 47,000 passengers will have used the services…
Azerbaijan’s GDP volume reached almost 72.4 billion manats in January-November, up by 1% YoY, the State Statistics Committee reported. The volume of GDP per capita stood at 7,378.5 manats. In January-November, the volume of GDP produced in the Azerbaijani non-oil sector increased by 1.3%, while in the oil and gas sector there was an increase…
In connection with the accident on December 12 on the Artem-Makhachkala power line of the Russian energy system, Azerbaijan’s energy system provided the Dagestan power grid (Derbent substation) with electricity of 140-160 MW from 08:52 to 20:51 (GMT +3), Azerenergy OJSC reported. Energy was exported on the basis of an agreement on mutual assistance in…