The cost of passage by the Baku Metro in 2012 amounted to 49.2 gepik, by 5% less than in 2011 (51.7 gepik.)
According to the State Statistics Committee, in 2012 the Baku Metro has spent on the organization of passenger transport 96,450 manat, by 2.1% more than in the previous year.
In 2012, on the subway 195.6 million passengers (including beneficiaries) were transported by metro. This is by 7.1% more than in 2011. Revenues of Baku Metro totaled 40.8 million manat, increasing by 41.8%, due to the increase in 2011 the cost of travel from 15 to 20 gepiks.
According to the State Statistical Committee (SSC), the tendency of the growth of passenger flow in subway continued in the first quarter of this year. Over the first three months were more than 50 million people were transported by metro, which is 5.5% more than in the comparable period of 2012. ---08--
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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