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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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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