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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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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