According to preliminary data, CJSC Baku Metro earned 42 million 64.2 thousand manat from passenger traffic in 2014. This is 1.8% less than in the previous year.
The revenues decreased amid the passenger traffic rising by 4.3%. In 2014, the Metro handled a record number of passengers - 215.5 million people (+8.9 million).
As the State Statistics Committee told Turan, the cost of subway passenger transportation was 57 million 188 thousand manat more than the proceeds - 99.2 million manat. It is noteworthy that the State Joint-Stock Company was able to reduce costs in comparison with 2013 by 11 million 248 thousand manat.
Note that in 2014 the cost of transportation of passengers on the subway was 0.46 AZN, 0.07 AZN less than in 2013.
Part of the losses of the underground is covered by subsidies from the state budget. In 2014, it was envisaged to allocate 38 million manat for this purpose.
The fare in the Baku Metro is 0.20 AZN. ----08B
Economics
-
Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
-
Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
-
The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
-
Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
Leave a review