Baku: As of December 31, 2024, the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) saw an increase of 7.1% compared to the beginning of 2024, reaching USD 60,031.4 million from USD 56,069.7 million, according to SOFAZ, APA-Economics reports. According to Azeri-Press News Agency, SOFAZ’s budget revenues for the period of … Read more
Baku: The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has significantly increased its investment in gold during 2024. The investment amounted to $12 billion 354.6 million, representing 20.6% of SOFAZ’s total investment portfolio. According to Azeri-Press News Agency, SOFAZ’s investment in gold rose by $1 billion 509.7 million over a period of three … Read more
Baku: The agenda for the first meeting of the Milli Majlis, Azerbaijan’s Parliament, during its spring session has been announced, and the session is set to conclude on February 3. According to Azeri-Press News Agency, the meeting’s agenda comprises 16 issues that are slated for discussion.
Baku: More than 5.1 tons of drugs seized from illegal circulation by Azerbaijani customs authorities have been destroyed, the Press and Public Relations Department of the State Customs Committee of Azerbaijan told APA. Organized by the permanent Working Group of the State Commission on Combating Drug Abuse and Illicit Trafficking and with the participation of … Read more
Baku: Azerbaijan has announced plans to construct a new railway line extending from Yeni Surakhani to Heydar Aliyev International Airport. This initiative is part of a broader strategy to enhance transportation infrastructure in response to the influx of 400,000 daily passengers entering the capital from surrounding areas. According to Azeri-Press News Agency, Anar Rzayev, the … Read more
Baku: Ziya Bunyadov Avenue is set for expansion, with plans to open new roads to Khirdalan, as confirmed by the Chairman of the Azerbaijan Land Transport Agency. According to Azeri-Press News Agency, Anar Rzayev, Chairman of the Board of the Azerbaijan Land Transport Agency, discussed the developments during a meeting focused on transport issues. Rzayev … Read more
Baku: The Azerbaijan Land Transport Agency has revealed plans to introduce a new tram line that will connect the residential areas of Mehdiabad and Binagadi with the “28 May” metro station, aiming to improve public transport access for residents. Anar Rzayev, Chairman of the Board of the Azerbaijan Land Transport Agency (AYNA), made the announcement … Read more
Baku: Anar Rzayev, Chairman of the Board of the Land Transport Agency (AYNA), announced at a meeting focused on transport issues that Baku requires 2,800 buses. According to Azeri-Press News Agency, Rzayev emphasized the necessity of expanding the bus fleet to meet the city’s transportation needs. He highlighted that the work of buses must evolve, … Read more
Baku: “Thanks to all this work, initial positive results have been achieved,” said Anar Rzayev, Chairman of the Board of the Azerbaijan Land Transport Agency (AYNA), at a meeting dedicated to transport issues, APA reports. The Chairman noted that, however, there was a need to develop a unanimous plan that would take into account the … Read more
