To develop the route network and increase passenger traffic, Heydar Aliyev International Airport is carrying out large-scale work on attracting large passenger airlines and opening new destinations. The airport management is actively negotiating with international passenger airlines, which are capable to operate regular flights from different cities of the world to Baku. “As part of…
Azerbaijan and Russia have signed a program of cooperation in the agricultural sector for 2020-2022. On Azerbaijan’s behalf the document was signed by co-chair of the intergovernmental commission on economic cooperation between Azerbaijan and Russia, Deputy Prime Minister Shahin Mustafayev. On Russia’s behalf the document was signed by co-chair of the intergovernmental commission on economic…
In January-October the volume of paid services to the population in Baku increased by 2.3% YoY and amounted to 4.4 billion manats ($2.5 billion). Legal entities provided services to the population for 3 billion manats ($1.7 billion), which amounted to 67.3% of the total volume of services. The turnover of public catering in Baku grew…
As of November 30 currency reserves of the Central Bank of Azerbaijan (CBA) have increased by $69 million, compared to the figure at the end of October 2019. The reserves increased from $6.114 to $6.183 billion. Since the beginning of the year the CBA’s currency reserves have grown by 9.9%, from $5.6 billion. On an…
Azerbaijan is Russia’s main trading partner in the South Caucasus and the trade turnover between the two countries will reach $3 billion, Azerbaijani Foreign Minister Elmar Mammadyarov said at a press conference in Baku following a meeting with his Russian counterpart Sergey Lavrov. “The trade turnover between our countries continues to grow and is expected…
Azerbaijan is weighing measures to further develop tourism potential of its Naftalan city, famous for crude oil spas that has health-giving properties. Deputy Chief Executive Officer of the Azerbaijan Tourism Board Bahruz Asgarov has said that a plan to develop Naftalan’s tourism has been already worked out and will be implemented in 2020. Addressing the…
Asian Development Bank (ADB) Board of Directors has approved a $250-million policy-based loan in support of the Azerbaijani government’s second program for Improving Governance and Public Sector Efficiency Program, a source with the ADB has said. Credit funds for the implementation of the second phase of the program will be provided for 15 years. According…