State Road Transport Service under the Ministry of Transport started to research the cost of fares passenger carriages after today's increase in tariffs on gasoline and diesel fuel. At the same time head of the secretariat of Ministry of Transport, Namik Hasanov, said Turan, an appeal to the Tariff Council on increase of tariffs on urban and intercity passenger traffic is not directed. According to him, last time the appeal to the Ministry of Transport appealed to the Tariff Council on the increase of tariffs this year. However, then the Council did not consider the appeal, although it has been proved by unprofitable work with some carriers in Baku.
Chief of the Public Relations of the Ministry of Economy and Industry, Abbas Aliyev, in turn, told local media that the tariff increase on fuel does not affect the cost of passenger transportation vehicles. "The share of fuel in passenger traffic is approximately 20%. And after the tariff increase this figure reached 26%. Therefore, the effect of tariff increases in the cost is negligible." At the same time, according to a representative of the Ministry, companies engaged in passenger transport wok for profit. 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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