The Azerbaijani Cabinet of Ministers amended the list of goods (works and services), prices (tariffs) for which are regulated by the state. The wording “carriage of goods and passengers in the country” was withdrawn from the list. The state JSC "Azerbaijan Railways" defined and revised tariffs for freight transportation in the country, depending on market conditions. And the cost of travel on passenger trains, defined the Tariff (Price) Council of Azerbaijan. Last time the ticket prices were revised in 2011. However, passenger transportation was unprofitable and was covered by the revenue from freight traffic. This decision of the Cabinet of Ministers adopted on January 28th, and it was officially published in the official press on February 7th.
Thus, the government agreed to the liberalization of transport price. Experts predict the increase in fares on the railways at the level of not less than 50%.
The list of goods (works and services), prices (tariffs) which are regulated by the state, was approved in September 2005. It includes more than 40 goods and services. Last is included also drugs .-- 08D-
Economics
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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Azerbaijan’s President Ilham Aliyev has signed a decree confirming an agreement between the governments of Azerbaijan and Russia aimed at boosting transit cargo shipments along the "North-South" international transport corridor.
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Consumer prices in Azerbaijan saw an overall increase of 2.1% in January 2025 compared to the previous month, according to the State Statistical Committee's latest report. Prices for food products rose by 2.4%, with vegetables and fruits among the most significant contributors, marking a 3.7% and 5.6% increase respectively. Non-food products and services saw a more modest rise of 1.1%, with the transportation sector and housing services experiencing slight hikes.
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