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
-
Azerbaijan’s state oil company SOCAR signed a memorandum of cooperation with North Macedonian company ECM on Thursday, during a visit to Baku by North Macedonia's President Gordana Siljanovska-Davkova, an informed source told Turan.
-
Discussions were held in Baku within the framework of the 29th session of the Conference of the Parties (COP29) to the UN Framework Convention on Climate Change, focusing on the "Decarbonization and Climate Adaptation of the Cotton-to-Clothing Value Chain." Among other topics, the state of cotton farming in Azerbaijan was also addressed.
-
Azerbaijan has attracted significant interest from companies in both developing and developed countries, as well as from state and private sector representatives of at least 10 nations, regarding participation as shareholders in the Climate Finance Action Fund (CFAF), which has a total budget of $1 billion. The CFAF is one of Azerbaijan’s 14 key initiatives unveiled at COP29, Yalchin Rafiev, Azerbaijan's chief negotiator at COP29 and Deputy Foreign Minister, said at a press conference on Tuesday.
-
The Azerbaijani government has proposed that the OPEC Fund participate in financing several renewable energy projects, including offshore wind energy development, green energy corridor initiatives, and a 1 GW project planned by SOCAR in partnership with the UAE-based company Masdar.
Leave a review