Baku Metro buys in Russia five new cars
In the coming days, Baku Metro will launch five modern cars, bought by the company "Transmashholding" (Russia). The cars have been delivered for test, andif they pass safety tests successful cooperation with Russian car builders will continue, according to Baku metro.
Metro intends to continue to buy modern cars that satisfy both aesthetic requirements and standards of construction of new plants. Russia's new types of cars 81-760/761, known as "Oka", are of higher quality and more comfortable for passengers.
However, passengers are not happy with intervals between trains. Metro is crowded not only during rush hours in the mornings and evenings. The interval between trains sometimes reaches 5-6 minutes, although it can be not less than 2.5 minutes.
According to the State Statistics Committee, in January-October this year, 15,940 passengers used metro, which is by a million, or 6.8% more than compared with the same period of last year. It should be emphasized that the official indices on passenger carriages by metro fell sharply after the tariff increase in October 2009. -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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