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
-
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.
-
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.
-
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.
-
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.
Leave a review