The information spread by some pro-government sites about lowering prices for flights by the state airline AZAL, have not been confirmed. The attempts to get comments in AZAL were futile. The air company did not make any statements, to confirm or deny information about the price drop for its flights. According to unofficial data, the leadership of AZAL is considering the possibility of reducing prices, but not any decision has been made. On 13 July President Ilham Aliyev criticized the pricing policy by AZAL, and urged the company to lower tariffs for transportation of passengers.
The opposition press and users of social networks more than a year have criticized authorities for monopoly and arbitrariness of AZAL, which sells tickets by 50-80% more expensive than other airlines.
In addition, AZAL has closed access to Azerbaijan for a low-budget companies. Many Azerbaijanis have to go to Tbilisi and from there fly abroad, thus trip abroad costing by two or three times cheaper. -06D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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