Income from passenger carriages in the first quarter of 2012 by the national civil aviation operators totaled 39.6 million manta; this is by 26.8% more compared with the same period in 2011. However, companies did not get rid of large losses.
The State Statistics Committee (SSC) told Turan, the airlines have reduced by 2% expenditure on passenger transport, which totaled 51.4 million manat. Thus, the losses from passenger carriages in air transport totaled 11.8 million manta; in 2011 losses of airlines reached 63 million manat.
In the first quarter the local airlines carried 310.700 passengers (14.6%). According to SSC, over five years 820.200 passengers were carried, by 16.1% increase of the same period in 2011. The share of the state JSC "Azerbaijan Airlines" totaled 98.5%. The share of the other passenger airlines "Turan Air" totaled 1.5%. 08B
Economics
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Azerbaijan is set to significantly increase the proportion of electricity generated from renewable sources, currently standing at 14.4%, Deputy Economy Minister Samad Bashirli announced on Thursday at the Think Tanks Forum of the Organization of Economic Cooperation (OIC) held in Baku.
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Azerbaijan has entered into a partnership with Italian energy firm Technip Energies SpA to implement a pyrolysis oil production project aimed at enhancing waste recycling and promoting sustainable development, officials said on Tuesday.
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Belarus and Azerbaijan signed multiple cooperation agreements on Tuesday following talks between Belarusian Prime Minister Roman Golovchenko and Azerbaijani Prime Minister Ali Asadov during Asadov’s official visit to Minsk on October 3.
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Azerbaijan's state borrowings continue to increase, despite the country still benefiting from high global oil prices. The Ministry of Finance of Azerbaijan reported that as of the first half of 2024, the country's state debt amounted to 25 billion manats, which corresponds to 21% of its Gross Domestic Product (GDP).
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