BAKU, Azerbaijan, Nov.9
By Sadraddin Aghjayev - Trend:
Azerbaijan plans to allocate subsidies in the amount of 10 million manats ($5.9 million) for AZAL (Azerbaijan Airline) from the state budget of Azerbaijan for 2022, Trend reports on Nov. 9 referring to the draft state budget for next year.
In accordance with the document, this amount will be used to cover losses from flights to Nakhchivan.
In addition, funds in the amount of 51.9 million manats ($30.5 million) will be allocated for the Baku Metro CJSC to cover part of the losses at the cost of passenger transportation.
Also, Azercosmos OJSC next year plans to allocate 23 million manats ($13.5 million) to cover debt obligations, as well as to increase the authorized capital.
It is noted that in general, 217.6 million manats ($128 million) are forecasted to be allocated from the state budget for transport and communication costs in Azerbaijan in 2022.
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