The Ministry of Finance of Azerbaijan has published the final report (http://maliyye.gov.az/sites/default/files/2015%20hesabat.pdf) on the execution of the state budget for 2015. According to official data, in the form of government injections Baku Metro received 199.2 million AZN for the construction of a new subway line from the station Electric Depot through the stations Coach Station and Memar Ajami-2 to the conventional stations B3, B4 and B5, the construction of the branch Hazi Aslanov -Y18 - Yeni Guneshli and the third shift of the northern section of the metro.
The state also invested in the construction of the second exit of the Elmler Akademiyasi metro station, as well as the purchase of new subway cars and equipment.
Baku Subway was put into operation in 1967 and includes two lines and 24 stations. --17D-
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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