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Baku/10.01.22/Turan: Azerbaijani locusoster Buta Airways announced the opening of flights from Baku to Kazan and Ufa. Both flights will operate twice a week, the company's press service said. Flights Baku-Kazan-Baku will start on March 16 and will be operated on Wednesdays and Saturdays. Baku-Ufa-Baku flights will start on March 17 and will be operated on Thursdays and Sundays.
Due to restrictions and the epidemiological situation, the airline offers tickets at only two fares - "Standard" and "Super". Both fares include free seat selection and airport check-in options. Airfare starts from 55 euros.
Passengers with negative coronavirus test results passed within 72 hours prior to departure will be allowed to fly. — 06D-
Economics
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SOCAR President Rovshan Najaf met with the Minister of State for Petroleum of Pakistan, Musadik Malik, on January 18. According to SOCAR, the discussions covered joint energy projects, achieved outcomes, and cooperation opportunities in various areas, including the trade of petroleum products.
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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