Tariff (Price) Council made a presentation about the rumors of a tariff increase for travel on public road transport in the country, which are fueled by statements from the Minister of Transport Ziya Mammadov on unprofitable of carriages.
“The tariffs for the carriage of passengers shall not be discussed and tariff changes on them are not being dealt with the Tariff Council,” the document says.
From the 1st of May this year in Azerbaijan passenger tariffs for road transport are governed by new rules that do not allow to change them.
The minimum fare for urban road transport in Baku and other cities and regions of the country is 20 gepiks. The same amount is worth the fare in metro. Depending on the distance to commuter and long-distance routes fare is 80 gepiks; the fare per one kilometer on long-distance buses is 1.6 gepiks. --08D—
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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