The tariffs for passenger traffic with the CIS countries decreased in July by an average of 8.3%, with other countries - 4.8%. It is reported by the State Statistics Committee of Azerbaijan.
The state airline CJSC Azerbaijan Airlines (AZAL) after prolonged pressure on social networks went into decline in the price list tickets for 34 international airlines, on average by 20-30%. Even the four air routes (Istanbul, Moscow, Dubai and Antalya) were introduced low-cost - 99 euros in one direction. His attitude to the prices of airline tickets AZAL expressed and President Ilham Aliyev, who requested to look into this and take appropriate action.
However, in July the passengers were flying at high prices, since the new tariffs for flights to take effect from 1 August.
Note that, due to the expensive price of the national air transport, many citizens of Azerbaijan in order to save money are forced to use the airport Tbilisi (Georgia) as a point of departure. 08D
Economics
-
Azerbaijan’s economy, which is heavily dependent on oil revenues, faces a stark warning in the 2021 report by Carbon Tracker titled “Beyond the Oil States: The Urgent Need to Reduce Dependence on Oil in the Context of the Energy Transition.” The report ranks Azerbaijan among the most vulnerable oil-dependent countries, placing it in the "5th group" — a category reserved for nations expected to experience a decline in oil and gas revenues exceeding 40% over the next decade. This group includes Angola, Bahrain, Timor-Leste, Equatorial Guinea, Oman, and South Sudan, highlighting shared economic risks for these states.
-
Azerbaijan's non-oil and gas exports rose 3.5% year-on-year to $2.8 billion during the first ten months of 2024, the Center for Analysis of Economic Reforms and Communication (CAERC) reported in its November "Export Review."
-
Azerbaijan Railways CJSC (ADY) will modify the schedules for commuter and domestic trains in line with the Cabinet of Ministers' decision to adjust work and rest days in November, aiming to ensure safe and comfortable travel during the COP29 event, the company announced.
-
In Azerbaijan, the government has increasingly relied on tax exemptions for imported goods as a tool to stabilize domestic market prices. The exemption from the 18% VAT on wheat imports, extended this year, exemplifies this approach. New measures have also been introduced, including tax relief on imports of electric vehicle chargers, while exemptions for high-cost medications are currently under discussion. Notably, defense imports continue to be free from taxes and customs duties.
Leave a review