Baku/23.09.2016/Turan: The Central Bank announced the rate of national currency on 27 September. AZN rate remained unchanged - 1USD / 1,6292AZN. Experts believe that the pressure on the national currency will start in November and December, when banks and companies will meet their external liabilities have what will create a new wave of demand for the American currency. -71D-
Economics
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On September 13, Azerbaijani President Ilham Aliyev met with Robert Smith, founder and CEO of Vista Equity Partners, one of the most influential global investment firms specializing in alternative investments in the technology sector. The meeting underscored Azerbaijan's growing ambition to strengthen its financial and technological ties with leading global players, as the State Oil Fund of Azerbaijan (SOFAZ) continues to expand its investment portfolio.
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Azerbaijan witnessed a notable increase in foreign arrivals during the first eight months of 2024, with the number of visitors surging by 30.1 percent compared to the same period last year, according to the State Border Service. A total of 183,000 foreigners and stateless persons from 1748 countries arrived in Azerbaijan between January and August, marking a significant recovery in tourism and cross-border travel.
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Heydar Aliyev International Airport in Baku has re-commissioned its 17/35 runway after a comprehensive overhaul that started in January. The reconstruction included the full replacement of the asphalt concrete surface, the modernization of the Instrument Landing System (ILS), improvements to drainage systems, and significant upgrades to the airport’s taxiways, including the construction of three new driveways.
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The Azerbaijan Land Transport Agency (AYNA) has announced plans to significantly increase the number of buses on the roads to meet growing passenger demand as the new school season kicks off. The move is part of a broader effort to enhance public transportation in Baku and its surrounding regions.
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