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 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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