The Ministry of Transport has again postponed the transition to the single payment system (SPS) with the help of plastic cards in the capital's buses and subway due to technical reasons.
As the deputy transport minister Musa Panahov said, implementation of SPS will be introduced in stages after the European Games to be held June 12-27.
The use of SPS is planned on the buses of Baku Bus at the Baku Executive Power. How other buses will work is not clear yet.
The subject of SPS has been discussed over years and, according to the research by Turan IA, the Baku Subway, the Ministry of Transport and the Executive Power of the capital are not interested in this. The study revealed the opacity of many millions of income both from the subway and the buses. For example, transportation per capita at the Baku subway is 3-5 times lower than in Tbilisi, Moscow, Kiev, Paris or Berlin. A three-day bus driver's revenue covers the cost of his monthly salary. At the same time public transport enjoys generous government subsidies. -0--
Economics
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In Baku, grappling with growing environmental challenges, experts and policymakers convened on Friday for an international scientific conference titled “Sustainable Environment: Transition to Green Energy.” The event highlighted the urgent need for innovative strategies to combat pollution and advance renewable energy initiatives.
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Kazakhstan is set to increase its oil transit through the Baku-Tbilisi-Ceyhan (BTC) pipeline by 5.1% in 2024, reflecting growing regional cooperation and diversification in energy routes. According to figures obtained by Turan News Agency, the total volume of Kazakh oil transiting through the BTC pipeline is projected to exceed 1.464 million tons, up from 1.392 million tons in 2023.
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In a groundbreaking development for Azerbaijan’s energy sector, GL Group, a prominent Azerbaijani oil company, has announced plans to drill the country’s first horizontal well on land, reaching a depth of 4,400 meters with a lateral section of approximately 400 meters. The project, a milestone in the region’s oil exploration history, is set to take place at the Kirsangi-Garabaghly onshore fields.
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The Central Bank of Azerbaijan (CBA) forecasts an annual inflation rate of 5.1% by the end of 2024, comfortably within the target range of 4% ± 2%. However, recent data indicate that inflationary pressure has significantly eased over the year: in October, the inflation rate stood at 3.4%, slightly down from 3.5% in September. Official data for November have not yet been released, leaving room for speculation about possible year-end adjustments.
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