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
-
Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
-
Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
-
The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
-
There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
Leave a review