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Day: October 20, 2026
Azerbaijan imported tobacco and tobacco products worth $111.5 million between January and September 2026, marking an increase of approximately 17% compared with the corresponding period last year. According to data from the State Customs Committee, the statistical value of tobacco and tobacco product imports stood at…
Azerbaijan and South Korea have discussed prospects for expanding cooperation in the aviation sector, Baku’s growing role as a regional aviation hub, as well as plans by the two countries’ airlines to expand their aircraft fleets and route networks, Samir Rzayev, Chairman of the Board of Azerbaijan Airlines (AZAL), said.
According to Report, Rzayev noted that the development of tourism ties between the two countries was also high on the agenda of a meeting with Kang Kymgu, South Korea’s Ambassador to Azerbaijan, Report informs.
“In line with our route network development strategy, we also discussed the prospects of launching direct flights between Azerbaijan and Korea by 2030. We further reviewed potential cooperation opportunities between the airports and aviation authorities of the two countries. I believe expanding cooperation in these areas will contribute to tourism development and create new opportunities in aviation,” he said.
The State Oil Fund of the Republic of Azerbaijan (SOFAZ) generated AZN 8.74 billion ($5.14 billion) in revenues from oil and gas projects between January and September 2026, representing an 11.5% increase compared with the corresponding period last year. According to the Fund’s latest financial figures, revenues from oil and gas projects increased by…