The geography of Azerbaijan civil air traffic with other countries can be expanded . Successful negotiations on this matter led the delegation of the State Civil Aviation Administration of the Republic of Azerbaijan headed by Director Fuad Guliyev at the sixth conference of multilateral air services negotiations (ICAN/2013) in Durban (South Africa) in early December.
With delegations of Jamaica , South Africa, Canada , Yemen and Bangladesh were agreed at the level of civil aviation experts text of the agreement on air traffic. With delegations of New Zealand , Kenya, Mongolia, Malaysia signed protocols on further harmonization of draft agreements .
Agreement relating to the organization , not only for passengers, but also freight. Only the cargo airline Silk Way West operates flights to 50 destinations , 20 of which are regular, the other 30 - charter . - 08D-
Economics
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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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