Sixty Thousand People Use Taxi through Uber Mobile App in Baku
At a briefing for local journalists the Regional Manager of Uber mobile app (created in San Francisco to find, call and pay a taxi or private driver) for CIS countries Aleksey Stakh said the number of active users only in Baku exceeds 60,000 people.
All in all, about a year after entering the market in Baku, Uber app has been used by more than half a million people, who either live in Baku on a permanent basis, or come on holiday or on business.
Recall, the US mobile application is available in 445 cities in 69 countries on all continents. --17D-
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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