On 1 February, 2016 on the railway route Baku-Yalama-Baku was launched new electric train CJSC "Azerbaijani Railways" in Riga. Thus, trains will start from Baku passenger station, and not from the village of Keshla as before, told the head of the department of passenger traffic of CJSC "Azerbaijani Railways" Eliyar Muradov. According to him, the train schedule has also changed. From Baku they will depart daily at 20:00 and arrive in Yalama at 01:10. From Yalama trains will at 03:30 and arrive in Baku at 09:15. According to the prices set by the Tariff Council, now the cost of the ticket Keshla-Yalama is 1.6 manat. However, it is possible that the price will change. The distance between Baku and the village of Yalama, which at the border with Dagestan, is 200 km.-06D-
Economics
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Azerbaijan's President Ilham Aliyev signed a decree introducing changes to a number of presidential decrees aimed at amending the country's Tax Code in connection with the adoption of Law No. 98-VIIQD on December 16, 2024. The decree, published on Tuesday, introduces significant changes designed to simplify tax refunds for various goods and services and improve the rules for refunding value-added tax (VAT).
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SOCAR Türkiye Enerji AS (STEAS), the Turkish subsidiary of Azerbaijan's state oil company SOCAR, has announced an ambitious plan to build new production facilities for ethylene, polyethylene, and polypropylene (polyolefins) in Turkey. This initiative comes as the country grapples with a widening supply-demand gap, with nearly 90% of its polyolefin needs currently being met through imports.
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The tourism industry in Azerbaijan is experiencing remarkable growth in 2024, driven by post-pandemic recovery and strategic government initiatives. From January to November 2024, the country welcomed 2.412 million foreign tourists, marking a 27% increase compared to the same period in 2023. Projections suggest that the total number of visitors by year-end could reach 3 million, underscoring the sector's impressive trajectory.
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In the first 11 months of 2024, Azerbaijan's consumer market demonstrated steady growth, with the total value of goods and services reaching 67.4 billion manats, a 4.8% increase compared to the same period in 2023. This growth underscores the resilience of Azerbaijan's economy, which continues to adapt to global and domestic challenges.
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