Increase in the prices of jet fuel by the Tariff (Price) Council will not affect the current rates of the national airline carrier Azerbaijan Airlines (AZAL).
"The rise in fuel prices will have an impact on our costs, but will not affect the flight fares for passengers. We want to preserve the opportunity for citizens to travel and go on business trips at affordable prices,” the AZAL President Jahangir Asgarov said.
Prices of AZAL flights, like those of all airlines, are formed on a flexible schedule, depending on the departure dates and the filling of the flights, the press service of JSC Azerbaijan Airlines said.
In February this year, AZAL launched its own brand AZALJET, whose scheme of sale and flights is based on the low-budget carriers’ practice.
AZAL operates direct flights to 26 international destinations as well as domestic flights to Nakhchivan and Ganja. -------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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