In 2012, in Azerbaijan there was repaired 134.6 km of roads of national significance and 402.6 km - of local value. There were built 25 road bridges.
The report of the Ministry of Transport for the year 2012 noted that in Baku there were repaired roads, avenues and streets of the total length of 94 km. There were also built 6 pedestrian crossings.
In 2012 JSC Azeryolservis at the Ministry of Transport purchased with public funds 208 units of road vehicles, trucks, and two asphalt plants, with a capacity of 50 tons per hour. -08D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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