In the first half of the year, transport workers mastered 62.48% of total investments, provided in the budget of Azerbaijan, and agreements with international financial institutions.
According to the Ministry of Transport, infrastructure improvements, road sector in January-June, amounted to 900.83 million manat. Till the end of December one billion 441.8 million manat should be spent for the improvement and maintenance of the road transport sector.
From the transport Fund, 111.2 million manat have been allocated from the budget for the repair of roads. Parliament provided transference of 180 million manat per year to the Fund by government agencies.
The "Baku city transport" and "Center of intellectual transport management" have already mastered AZN 2.5 million from the limit of 5.8 million manat.
In January-June, expenses for development and maintenance of roads of the republic totaled 855.4 million manta; 225.2 km of roads, including 58.5 km of roads of national significance, 166.7 km of local roads and six bridges, have been built. -17D-
Economics
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Azerbaijani President Ilham Aliyev inspected a fleet of specialized municipal service vehicles in Baku on Thursday, as part of efforts to modernize urban infrastructure and improve environmental sustainability.
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Azerbaijan's National Depository Center (NDC) has announced a series of strategic goals and digital innovations for 2024-2026, aimed at fostering trust, expanding market access, and diversifying investment instruments in the country’s capital markets.
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The payment method used in Baku's public buses, which operates via a mobile phone app and QR code activated by the M10 program, creates difficulties for passengers, economist Samir Aliyev stated on Facebook.
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Starting next year, the Azerbaijani government will adopt a new policy towards entrepreneurs who export domestic products abroad but fail to return a portion of their earnings to the country. This issue often concerns Azerbaijani tomatoes sold in Russia. According to National Bank Chairman Taleh Kazimov, decisions to penalize such entrepreneurs will no longer be made without a thorough investigation into the reasons behind the failure to repatriate earnings.
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