In the first quarter of 2013, the Azerbaijani Airlines saved from cargo carriages 94.4 million manat. Revenue has increased by 26.6% compared to the same period of the previous year with an increase in freight traffic 2.4 times, according to the State Statistics Committee.
The balance profit from cargo airlines including transportation costs (72.3 million manat) amounted to 21.1 million manat. Production profitability of airlines in the first quarter exceeded 30.5%.
In January-March 2013 the total volume of freight carriages by air totaled 26.1 thousand tons, by 2.4 times more than compared with the same period of 2012. Transportation is carried out mainly outside the country.
The Airlines CJSC "Azerbaijan Airlines" are engaged in cargo transportation in Azerbaijan, "Turan Air", "Silk Way Airlines", "Silk Way West". The last three belong to the group of companies "Silk Way Holding". According to the State Statistics Committee, over 90% of revenue from freight traffic accounted for by the private sector. 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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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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