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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The 29th Conference of the Parties (COP29) to the United Nations Framework Convention on Climate Change has taken a significant step towards a unified global response to climate change. On the first day of discussions in Baku, participating countries reached a historic agreement on the rules governing the creation and trade of carbon credits. This decision paves the way for the launch of multibillion-dollar carbon credit markets, to be overseen by the United Nations, potentially as soon as next year.
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The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
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The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
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Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
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