Tariffs on utility bills at the end of the year will rise, which is no doubt.
Yesterday at the parliamentary committees in the discussion of the draft budget for 2014, Finance Minister Samir Sharifov said that the increase in utility tariffs is natural, without specifying the exact date, referring to the competence of the Tariff Council under the Cabinet of Ministers of Azerbaijan.
According to him, the initiators of the tariff increase are JSC Azerenergy, Azersu and Azerigaz of SOCAR. "These companies are working on self-supporting basis and for higher wages and increase in other expenses tariffs should be changed. The increase in costs should be offset by revenue growth," he said.
Last time the rates of electricity and utilities rose in December 2007. In the same year, the fare on public transport jumped twofold and the subway fare jumped fourfold. - 17D-
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review