The powers of the Ministry of Transportation have been extended. By the decree of President Ilham Aliyev, the Ministry of Transport will monitor the compulsory insurance means of passengers against accidents on railway transport.
The head of Passenger Transportation Department of CJSC Azerbaijani Railways Elyar Muradov told Turan the compulsory accident insurance applies throughout the years. "There is a contract with an insurance company on this type of compulsory insurance, which is updated annually. The ticket price is also taken into account in the insurance payment," he said.
In 2016, the State Railways transported 1 million 927 thousand passengers, which is 1.8% more than in the previous year. --08D
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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