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
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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