Из турецкого города Мерсин отправляется первый поезд в Азербайджан
First train lunched from Turkey on BTK
Baku / 28.11.17 / Turan: On Tuesday the first freight train on the Baku-Tbilisi-Kars (BTK) railway, which opened on October 30, was launched form Turkey.The National Railway Company of Turkey (TCDD) reports that 32 containers and a cargo weighing 650 tons have been sent to Azerbaijan.The train will get from the Turkish province of Mersin to Baku during four days.It is expected that the train will arrive in Baku within 96 hours.In the direction of Turkey, the first train loaded with Kazakhstani grain started on October 24.-0-
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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