AZAL expands the list of air routes to and from Russia
Since July 4 JSC Azerbaijan Airlines launches regular flights on the route Baku - Krasnoyarsk - Baku. In May alone, the airline AZAL opened four new routes to Russian cities.
In the airline they told Turan the flights will be made on aircraft type Boeing on Friday.
In the tourist company Silk Way Travel they noted that the minimum ticket price of Baku in Krasnoyarsk is set at 296 manat, while both ends are 546 manat. Departure from Baku - 05.45, arriving in Krasnoyarsk is at 13.45. Back to Baku the flight will depart from Krasnoyarsk at 15.45 and land in Baku after 2 hours 40 minutes.
Currently AZAL, as well as several Russian airlines (Aeroflot, Siberia Airlines, UT Air, etc.) operate flights to the following cities of Russia - Moscow, St. Petersburg, Rostov-on-Don, Yekaterinburg, Perm, Novosibirsk, Nizhny Taghil, Surgut, Tyumen and Kazan. - 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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