LLC Baku Transport Agency (BTA), the state regulator of public transport in Baku, will select regular carriers of passengers on bus and coach transport on a competitive basis in 2017. The criterion is the availability of logistical and production base. This is stated in the message of BTA.
As a result of agency audits, only 17 of the 58 carriers have a logistical and production base. The companies and individuals that do not provide the material and technical base at the required level will be gradually eliminated from the provision of services for passenger traffic.
At present, urban and suburban routes in Baku ply 2,100 buses of various capacities.
In addition, BTA has prepared proposals for the removal of the transport density at the busy hours. It is proposed to change the time of starting work in state bodies. So far this proposal has not been considered. --08D--
Economics
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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.
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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.
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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.
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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.
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