The ban for entry the capital by other-town cars is legalized
Road Safety Commission of the Cabinet held a meeting on Thursday, which decided on additional measures to restrict traffic in Baku in order to "facilitate running of cars on the roads of the capital and the elimination of traffic jams." Thus, a restriction is applied for certain types of vehicles. Restrictions will not touch the vehicles carrying agricultural products, emergency and rescue vehicles.
Restrictions for the rest of the trucks will be limited as follows: from 1 May to 1 October from 07:00 to 22:00, and from October 1 to May 1, from 07:00 to 21:00.
In addition, vehicles carrying more than five tons cannot travel through the capital in the afternoon without proper authorization of the Commission, the Ministry of Interior and the traffic police.
Public transportation from regions of the country and from abroad will be allowed to the country. Entering the city for other types of motor vehicles will be banned.
Free car parking will be at the northern and southern entrances to the city; their construction will be completed before September 1 of the current year. Buses will run from these car parks to the city.
Before September 15, will be launched electric trains Baku-Sumgayit-Baku.
Five years ago the Ministry of Transport introduced in the capital the intelligent control system, but the system did not justify itself. -05D04-
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- Economics
- 23 July 2015 18:22
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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