Silk Way Travel, the largest travel agency in Azerbaijan became an independent legal entity. Prior to that, this travel agency acted as a branch of the airline Silk Way Airlines.
Silk Way Travel has operated since 2008 and is the exclusive agent of the national carrier of Azerbaijan CJSC Azerbaijan Airlines. The company has agency agreements with all airlines flying to Azerbaijan and holds a leading position in the sphere of air transport sales.
The travel agency has a network of representative offices and sales outlets both in Azerbaijan and in other countries (Russia, Ukraine, the United Arab Emirates, Georgia, Italy, Kazakhstan, and Turkey).
Every year, Silk Way Travel organizes trips abroad for 10-15 thousand Azerbaijani tourists.
They could not name the number of employees due to their reduction and the closure of several offices in the country. --08B
Economics
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Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
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U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
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Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
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Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
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