In January-September this year, transportation of goods brought airlines retained earnings of $ 74 million manat. Profitability of transport carriages is about 28%.
Income of airlines from transport carriages make 32.4 thousand tons of freight revenues of $ 260.9 million manat. This is by 0.4% more than in the same period last year. The volume of cargo (28.4 tons) increased by 17%, and turnover by 22%. In other words, more and more airlines transport cargo, but income is the same.
According to State Statistical Committee, the costs for freight carriages of airline increased by 0.5% and totaled (186.9 million manta.)
Over 10 months of this year the volume of cargo carriages by air has reached 47.2 thousand tons (+18.1%).
The major part (about 95%) of cargo is transported by airliners of "Silk Way Airlines", which operates outside the country. --08B--
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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