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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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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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.
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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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