The CJSC "Azerbaijan Airlines" (AzAL) has suspended flights Baku-Beijing- Baku. According to the website of the company (http://www.azal.az/ru/news-view/83), the opening of direct flight Baku-Beijing was scheduled for today, May 10, 2013.
"Due to the additional new requirements to all airlines, beginning flights to Beijing, the flight by AzAl Baku-Beijing-Baku was suspended. Until the last moment we were trying to settle the matter with the relevant structures of the PRC, but the demands and a very short time, made the flight impossible," reads the information.
The company intends to open the specified flight shortly after the settlement of formal procedures. Passengers who have purchased tickets to Beijing from AzAl, will be given the opportunity to make a full refund of the ticket without deduction of any penalties or replace air ticket to Beijing and back again without additional charges. - 17D-
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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