In the first quarter of this year, companies providing taxi services, gained 126,000 manat. At the same time, revenues from passenger transportation by taxi reduced compared with the same period of last year by 43%. Reduction in income of the taxi firms is not clear on the background of their car fleet.
According to the State Statistics Committee (SSC) , only seven companies, providing taxi services, made reports. Among them, there is not "Baki Taxi Company" (part of a group of companies "Baglan Group FZCO"), which has 1,000 cars TX4 (London Taxi). The company refused to disclose revenues. It is known that in the first quarter, there were 500 cars, and the daily plan for their drivers was 40 manat. In the second quarter the number of cars doubled, and a plan for revenue was reduced by half.
According to SSC, taking into account the individuals in the first quarter, revenue from passenger transportation by taxi is 23 million manat, by 4,6% more than during the same period in 2011.
Over five months in 2012 in Azerbaijan 20.2 million passengers were carried by taxi, by 10.8% more than over the same period last year. 08B
Economics
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The INMerge Innovation Summit, organized by PASHA Holding, continued in Baku on Friday. The summit brought together leading industry leaders, startups, and investors in the fields of fintech, e-commerce, artificial intelligence, and digital business.
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The Cabinet of Ministers of the Republic of Azerbaijan has approved a new regulation titled “Procedure for the Transfer of Regulatory Functions and Duties for Flight Safety Supervision,” aligning with the country’s obligations under international civil aviation agreements.
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In September 2024, Azerbaijan experienced a noticeable increase in the Consumer Price Index (CPI), reflecting broader economic trends and the impact of various factors on the market. The CPI, a critical indicator of inflation, rose by 3.5% compared to the same month in 2023. This growth was driven by several components, including food and non-food products, as well as paid services provided to the population.
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The shareholders of JSC "Saba" (Səba) have scheduled an extraordinary general meeting for October 28 at 15:00, where the main agenda item will be the liquidation of the joint-stock company and the formation of a liquidation commission, according to company announcements.
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