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 The wording “carriage of goods and passengers in the country” was withdrawn from the list.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
-
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.
-
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.
-
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.
-
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.
Leave a review