In the first nine months of this year, the state of CJSC Azerbaijani Railways (ARW) got the best of cargo and passenger transportation 168.5 million manat. After taking into account tax profit operator of rail transport was 6 million manat.
Chairman of the Board of JSC ARW Arif Askerov, speaking in the official press, said that the bulk of revenues (157.3 million manat) accounted for freight. Since the beginning of the year were transported by railway 17.1 million tons of cargo. The share of passenger traffic accounted for 11.2 million manat. From delivery to the destination of one passenger there was bailed 5.90 manat.
In the framework of the project "Support Rail Trade and Transport" this year has been overhauled 110.8 km railway to the main rail Baku - Boyuk Kesik. Total in 2011-13 years was repaired 281.1 of 317 kilometers of roads in need of repair at the site. - 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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