Economic Development Ministry Denies and Ministry of Transport Confirms Rumors of Fares Increase
Posts about the upcoming price increases for public transport are not true. As the head of the press service of the Ministry of Economic Development and Industry Abbas Aliyev said, there was no appeal to the Tariff Council in connection with the increase in prices for travel on public transport and the agenda of the Tariff Council does not include such a question.
Thus, he denied publication in the media that the owners of bus routes appealed to the Tariff Council with a request to increase the price of public transport.
At the same time, the head of the press service of the Ministry of Transport Namig Hasanov confirmed that entrepreneurs requested for that. -03D04-
Economics
-
Natural gas prices in Europe surged to their highest level since October 2023 on Friday, reflecting expectations of increased demand due to an impending cold spell in the region.
-
U.S. President Donald Trump’s proposed energy and trade policies could lead to a prolonged decline in global oil and gas prices, potentially triggering economic instability in Azerbaijan from 2026 onward, unless significant structural reforms are implemented, economist Gubad Ibadoglu warned in a recent analysis.
-
Azerbaijan has taken a step toward diversifying its agricultural sector by launching the country’s first commercial banana production, with local producer Fruitland introducing tropical fruits to the domestic market.
-
Azerbaijan, Georgia, Turkey, and Bulgaria have agreed on the draft text of a memorandum of understanding in the field of green energy transmission, marking a significant step in the development of sustainable energy ties in the region. The document aims to expand energy exchange between the countries and establish a legal framework for the Green Energy Corridor project.
Leave a review