In the first half of 2016 prices for cargo transit in the transport sector of Azerbaijan increased 34.7% in the local currency in comparison with last year. Experts attribute the rise in prices in manats for the transit of goods to almost double devaluation of the manat in 2015.
Sources in the State Statistics Committee said the rise in prices of transportation was observed in June, amounting to at least 0.4%.
Oil and gas pipelines’ transportation costs increased 0.2% and 0.7%. At 0.7% increased the cost of international transportation, both by air and by rail. Transportation of goods by water transport rose in price by 0.6% and transportation by vehicles - by 0.2%.
The State Statistical Committee says that the price of transportation in the country remained unchanged. -0-
Economics
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The volume of cargo transported along the Trans-Caspian International Transport Route (TITR) surged by 62% in 2024, reaching 4.5 million tonnes, Kazakhstan’s Prime Minister Olzhas Bektenov said during talks with his Georgian counterpart Irakli Kobakhidze on Wednesday, according to the Kazakh government’s press service.
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Azerbaijan’s Small and Medium Business Development Agency (KOBİA) held a Supervisory Board meeting on Monday, chaired by Economy Minister Mikayil Jabbarov, to review the agency’s 2024 performance and set priorities for 2025.
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In January 2025, the average price of the consumer basket (CB) compiled by the Turan agency in Baku, which includes 30 types of essential domestically produced food products, increased by 0.3%.
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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