Close JSC "Azerbaijan Airlines" will stop on October 28 regular passenger flights to Aberdeen city (UK). The closure of the flight is due to the airline plans to increase the number of flights in London's direction.
In the context of the current intergovernmental agreement between Azerbaijan and Great Britain, it is allowed to perform seven weekly flights from each side.
The flight Baku-Aberdeen-Baku operated from June 2011, on Tuesdays and Sundays. The cost of return ticket was about 700 manat.
Today the airline AZAL operates direct flights on the route Baku-London-Baku three times a week (Tuesday, Thursday and Saturday.) The cost for one-way ticket is 316 manat, for return ticket - 501 manat. --08B—
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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