Baku/02.04.14/Turan : In 2013, the growth trend of the flow of foreign tourists in Azerbaijan continued , and their number exceeded 2.5 million. On Wednesday said the head of the tourism department of the Ministry of Culture and Tourism Aydin Ismiyev .
Responding to a question about Turan average cost of foreign tourists in Azerbaijan Ismiyev noted that their average costs within a single trip is $ 700-800 . The bulk of spending accounted for hotel services and catering .
Referring to the expansion of the hotel chain in Azerbaijan Culture and Tourism representative said that today continues to build 30-40 new hotel projects in Baku and regions .
"Prices of hotel rooms for tourist accommodation regulated by the market , and we can not interfere in the pricing of hotels ," stressed Ismiyev . He added that the segment is almost full five-star hotels , which is dominated by global hotel brands , and today there is a need for 3-4- star hotels.
In Azerbaijan on the basis of licenses there are more than 500 hotels and 200 travel agencies. - 08C-
Economics
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Elon Musk, co-chair of the U.S. Department of Government Efficiency (DOGE), has outlined a strategy to bring inflation in the United States down to zero by 2026 through aggressive cuts in federal spending. Musk’s plan, which aims to reduce approximately $4 billion in projected daily expenditures, is designed to shrink the federal deficit to $1 trillion by 2026. While the deficit would still be substantial, Musk argues that accelerated economic growth could offset inflationary pressures, ultimately stabilizing the economy.
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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Goldman Sachs has revised its oil price forecasts, raising its projections for Brent and Azeri Light crude by $2 per barrel for both 2025 and 2026, setting the estimate at $78 per barrel. The adjustment reflects expectations of tighter supply conditions driven by geopolitical risks, including U.S. sanctions affecting Russian oil production and potential future restrictions on Iranian crude exports.
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