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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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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