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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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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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