Passenger Traffic at Baku Airport Soars by 40% in H1 2024

Azerbaijan’s central bank has reported a stable currency market as its foreign exchange reserves reached $11 billion by the end of 2024, according to Taleh Kazımov, Chairman of the Central Bank of Azerbaijan (CBA). Speaking at a briefing on the parameters of the central bank’s interest rate corridor on Wednesday, Kazımov also indicated that the country's favorable external sector indicators have provided a solid foundation for currency stability.

Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.

On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.

During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.