In a bid to bolster its infrastructure and enhance commuter experience, Baku Metro CJSC unveils plans to procure 65 new railcars from Russia by the culmination of 2026, Deputy Chairman Idayat Mammadov announced. Despite the absence of a signed contract, Mammadov affirmed the company's commitment to augmenting its fleet, signaling a pivotal step towards modernization and efficiency.
In a stark revelation, the Central Bank's monetary policy review for 2023 disclosed a significant downturn in cash inflows to Azerbaijan, sounding alarms over the nation's economic resilience. The report revealed a staggering 54.3% decrease in cash transfers compared to the previous year, with total inflows amounting to $1.655 billion, a stark contrast to the $3.62 billion recorded in 2022. Notably, Russia, historically a primary source, contributed 82% of transfers in the preceding year.
The conference titled "Unchanging Values and Changing Opportunities" convened in Baku on Thursday to commemorate the 10th anniversary of the establishment of Baku Metro CJSC. The Baku metro, inaugurated on November 6, 1967, to celebrate the 50th anniversary of the October Revolution, has since been a vital component of the city's transportation infrastructure.
The number of passenger cars in Azerbaijan is growing every year. In January-November 2023, according to state statistics, 88,151 vehicles for transporting people were imported into the country, by 28.3% more than the same period in 2022.