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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Azerbaijan's Cabinet of Ministers has approved amendments to the list of strategically important goods in the country's consumer market, as outlined in Decision No. 136 dated April 27, 2023. The update aligns with the implementation of the Law on State Reserves and a corresponding presidential decree, the government announced on Thursday.
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Representatives of Azerbaijani and Latvian business circles convened in Baku for the "Azerbaijan-Latvia Information and Networking Meeting," marking a significant step in bolstering economic cooperation between the two countries. Latvian Ambassador to Azerbaijan, Edgars Skuja, underscored the event’s mission to connect entrepreneurs from both nations, aiming to enhance collaboration across multiple sectors.
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The President of Azerbaijan approved the amendments on November 7, which were made to the “Law of the Republic of Azerbaijan on Credit Bureaus” by the Milli Majlis. The text of the amended law was published on November 28.
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The European Bank for Reconstruction and Development (EBRD) has released its Transition Report 2024-25 for Azerbaijan, urging the country to take bold steps to improve economic governance and foster private sector development. The report outlines key priorities for Azerbaijan’s economic trajectory and highlights challenges stemming from its reliance on volatile energy markets.
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