State air carrier AZAL reported an increase in the number of flights from Baku to London. The company said that from October 30, the flights will be operated daily (now - five times a week.) On Saturdays departure from Baku will be at 18:25, arrival to Heathrow airport - at 20:25 local time. Departure from London to Baku will be at 21:50, arrival in Baku - at 07:20 Baku time.
On other days: departure from Baku at 19:05; and arrival in London - at 21:05; Departure from London - 22:05, and arrival in Baku at 07:35 local time. Flights are carried by Boeing-787 Dreamliner, equipped with three types of classes - Economy, Comfort-club, and VIP-club. Information on pricing and purchase tickets by phone: (+99412) 598-88-80 or email: callcenter@azal.az. -02D-
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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