The tariffs for passenger traffic with the CIS countries decreased in July by an average of 8.3%, with other countries - 4.8%. It is reported by the State Statistics Committee of Azerbaijan.
The state airline CJSC Azerbaijan Airlines (AZAL) after prolonged pressure on social networks went into decline in the price list tickets for 34 international airlines, on average by 20-30%. Even the four air routes (Istanbul, Moscow, Dubai and Antalya) were introduced low-cost - 99 euros in one direction. His attitude to the prices of airline tickets AZAL expressed and President Ilham Aliyev, who requested to look into this and take appropriate action.
However, in July the passengers were flying at high prices, since the new tariffs for flights to take effect from 1 August.
Note that, due to the expensive price of the national air transport, many citizens of Azerbaijan in order to save money are forced to use the airport Tbilisi (Georgia) as a point of departure. 08D
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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