The cost of transportation per passenger on the Baku underground in the first quarter of 2013 was 65.9 gepik (100 gepik = 1 manat). In 2012, the overall transport of one passenger totaled 49.2 gepiks, and fare is 20 gepik.
According to the State Statistics Committee(SSC), in January-March 2013 Baku Metro has spent 33.1 million manat on the organization of passenger transport, by 41.5% more than over the same period last year. The reasons for such a sharp rise in costs with an increase in revenues of 6.2% were not disclosed.
Over the first three months of this year the metro carried more than 50 million passengers (including beneficiaries.) This is by 5.5% more than in the comparable period of 2012. Revenues of the subway on the Transport totaled 10.4 million manat.
Last time the subway fare in December 2011 increased, and was equal to the minimum fare on the bus. --08В—
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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