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Economy

Articles about Azerbaijani economy. Market in Azerbaijan, macroeconomics and microeconomics, trends.

Oil prices increase on world markets

Oil

On London ICE (InterContinental Exchange Futures) cost of the Brent crude oil increased $0.68 to trade at $61.77, while the price of Light crude at the NYMEX (New York Mercantile Exchange) rose $0.65 to stand at $53.78 on world markets.

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Buta Airways announces new destination in Russia

Buta Airways

Azerbaijan’s low-cost airline Buta Airways announced another new destination in Russia. Starting from May 12, the Airline will launch direct flights from Baku to Ufa. Flights will be operated twice a week on Thursdays and Sundays. The capital of Bashkortostan will be the sixth destination of Buta Airways in Russia. …

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Azerbaijan, Belarus mull over project to produce electric buses

Azerbaijan-Belarus

Belkommunmash engineering company and Ganja Automobile Plant are exploring a joint project to assemble electric buses in Azerbaijan, Belarus Deputy Prime Minister Mikhail Rusy said as he met with head of Ganja City Executive Authority Niyazi Bayramov, BelTA has learned. Mikhail Rusy noted that the cooperation with Azerbaijan in general …

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Electric trains to run from Makhachkala to Azerbaijani border

Electric trains will run from Makhachkala, Dagestan (federal subject of the Russian Federation) to the border with Azerbaijan, Trend reports via Russian media. The relevant agreement was reached during the meeting held in the government of Dagestan Republic under the leadership of First Deputy Chairman Gadzhimagomed Huseynov. The meeting’s agenda …

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