On 1 February, 2016 on the railway route Baku-Yalama-Baku was launched new electric train CJSC "Azerbaijani Railways" in Riga. Thus, trains will start from Baku passenger station, and not from the village of Keshla as before, told the head of the department of passenger traffic of CJSC "Azerbaijani Railways" Eliyar Muradov. According to him, the train schedule has also changed. From Baku they will depart daily at 20:00 and arrive in Yalama at 01:10. From Yalama trains will at 03:30 and arrive in Baku at 09:15. According to the prices set by the Tariff Council, now the cost of the ticket Keshla-Yalama is 1.6 manat. However, it is possible that the price will change. The distance between Baku and the village of Yalama, which at the border with Dagestan, is 200 km.-06D-
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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