State close JSC “Azerbaijan Railways” received in the first half of this year a profit amounting AZN 7.4 million, for the amount of revenue from freight and passenger carriages in the amount of 110.4 million manta, Turan was told in the company.
In the structure of “Azerbaijan Railways” the expenses for paying wages to employees, amounted to 35.7 million AZN: payment of electricity, fuel and water - 19.2 million manat, goods and materials - 20 million manat, etc. In the first half of this year, the close JSC “Azerbaijan Railways”, considered one of the largest taxpayers, paid to the state budget three million manat.
During January-June11.1 million tons of cargo were transported over rail ways. Of these, 2.3 million tons are local carriages. On the territory of the country 3.1 million tons of cargo were brought to the country by railway, and 1.9 million tons of cargo were exported. On the railways were transported 3.8 million tons of transit cargo, including 2.5 million tons of oil. 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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