State Statistics Committee published an information about the dynamics of tariffs in the transport sector in May, according to which particular "live" were fares in rail fares.
In May, compared with April, tariffs for freight and passenger traffic decreased. The CJSC "Azerbaijani Railways" has reduced the average tariff on exports of goods by 6.7%, imports - 1.3%, and transit - 1.1%, and on the local communication - 3.5%. Passenger carriages on international communication dropped by 6%.
Local airlines have increased ticket prices in the CIS countries by 1.3%, while in other countries rates dropped by an average of 0.4%.
In May, the rate for the transportation of oil through pipelines dropped by 0.4%. --08D--
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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