Over the first seven months of this year, local air companies carried approximately 870,000 passengers, by 13.1% more than over the same period of lat year. This rate of passenger carriages volume can approach this year to its peak (1526 thousand people), which was observed in 2007.
According to the State Statistics Committee, that the share of state PFJ "Azerbaijan Airlines" is 98.5% of passenger traffic. Since last year the company expanded the geography of flights, both in Europe and the CIS. Frequency of flights was increased. However, the activity of AZAL is unprofitable.
In 2011 the Azerbaijani airlines transported 1394 thousand passengers (37.1%). 08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review