In the first half of the year the income from airline cargo transportation totaled $171.7 million manat. This is by 0.1% less than in the same period last year. The volume of cargo (28.4 tons) increased by 16.9%.
According to State Statistics Committee (SSC) , the costs for freight carriers (AZN 123.5 million) increased by 0.1%. Thus, the profit of cargo carriers in the first half of the year amounted to 48.2 million manat.
Over seven months of this year the volume of cargo carriages in the air transport reached 32.400 tons (+17%).
The bulk of goods is transported by airlines of the "Silk Way Airlines", which operates outside the country. According to SSC, some of the goods were transported by airline "Azerbaijan Airlines" and "Turan Air". -0 –
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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