Deputy Transport Minister Musa Panahov clarified today the question on a phased transition to the single payment cards in public transport in Baku. Panahov told Turan, that this is due to differences of fare on buses working in the suburban villages of Baku.
At the first stage payment cards will be used in 100 buses serving the central part of the city. Until the end of the year, the system will be used on all buses, as well as in metro, the deputy minister said.
In the next ten days installation of terminals in buses will begin. Passengers will be able to pay the costs of travel on payment cards "Western Union". Additional payment cards will be issued. Negotiations are going with banks on the integration of the payment system. --08C—
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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