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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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.
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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."
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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.
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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.
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