Azerbaijani President Ilham Aliyev has signed an Order regarding measures to construct Zardab-Garavalli road in Zardab. Under the presidential order, the Azerbaijan Highway State Agency is allocated 3.9 million manats for the construction of the road connecting six residential areas with a total population of 7,000 people. (AzerNews/Business World Magazine)
In 2018, electricity production in Azerbaijan amounted to 22.52 billion kilowatt hours, up by 3.4% YoY, Azerenergy OJSC reported. The volume of electricity exported from Azerbaijan to Russia, Georgia, Iran and Turkey, compared to 2017, increased by 175 million kilowatt hours or by 14.2%. Over 20 billion kilowatt-hours of electricity were generated at the power…
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…