In the first quarter of this year, the state-run CJSC Azerbaijani Railways repelled from freight and passenger traffic 54.8 million manat, of which 94% is the share of freight traffic.
The Chairman of the Board of the Railways Arif Asgarov told reporters that on the organization of traffic this year there was spent 48.9 million manat, and thus, the book profit of the company was 5.9 million manat.
The major cost (19 million or 38.8%) was sent to wages. Costs of electricity, fuel and water amounted to 10.1 million manat, and goods and materials - 12.4 million manat.
According to the State Statistics Committee, in 2012 JSC Azerbaijan Railways had earnings from freight traffic in excess of 186 million manat. Earnings from freight amounted to about 48 million manat. In connection with the reduction of passenger traffic, transportation became unprofitable.
In 2012, proceeds from the sale of tickets to passengers amounted to 15.7 million manat, and the costs of organizing shipments reached 50 million manat. - 08B-
Economics
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The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas The State Oil Company of Azerbaijan (SOCAR) has signed an agreement with Union Energy to acquire a 10% equity stake in the Tamar gas field, one of the largest offshore gas projects in the Mediterranean, SOCAR said in a statement on Wednesday.projects in the Mediterranean, SOCAR said in a statement on Wednesday.
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On January 30, Azerbaijani President Ilham Aliyev has signed a decree approving the State Program for the Improvement of Transport Infrastructure in Baku and Surrounding Areas for 2025-2030, aiming to modernize the capital’s urban mobility and reduce congestion, the presidential press service said on Tuesday.
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Azerbaijan Railways (AZD) has launched rail transit shipments from Zira Port, located 45 kilometers east of Baku, strengthening the country's position as a logistics hub on the Middle Corridor.
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