The development and prospects of the Trans-Caspian international transport route (TMTM), which is an integral part of the transport corridor East-West, were discussed in China at the meeting of the Azerbaijan Railways’ head Javid Gurbanov with the head of the Shanghai branch of DHL Allen Chen.
The German company representatives expressed their interest in the implementation of transportation between Asia and Europe, using the corridor passing through Azerbaijan. It was noted that after the commissioning of the Baku-Tbilisi-Kars railway, the volume of cargo transportation along the corridor will increase and at the same time reduce the time of delivery of goods between Asia and Europe.
To date, DHL has sent five container trains through the territory of Azerbaijan.
The Azerbaijan Railways’ head visited the cargo terminal of the company DP DHL Global Forwarding in Shanghai. --08D--
Economics
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In late February, the governments of Pakistan and Azerbaijan are expected to sign an investment agreement worth $2 billion, which will include several projects with SOCAR (State Oil Company of Azerbaijan). According to Turan, the energy cooperation projects discussed in January in Islamabad and Baku will feature in the agreement. These projects include energy efficiency initiatives, the construction of a pipeline, and SOCAR’s plans to explore the creation of underground gas storage facilities in Pakistan, as well as documents provided by the Pakistani side related to the exploration and extraction of hydrocarbons in the country.
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Azerbaijan continues to face an acute water shortage that affects both drinking and irrigation supplies, a problem that, despite frequent media attention, remains unresolved. Farmers are particularly feeling the pressure.
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BAKU, Feb 3 (Reuters) - Representatives from Azerbaijan’s State Tax Service (STS) participated in the latest session of the working group on tax, customs, and legal issues hosted by the German-Azerbaijani Chamber of Commerce.
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The Agency for the Development of Small and Medium Enterprises (KOBİA) has issued 192 start-up certificates to entrepreneurs, approximately 50% of whom are youth, according to Orkhan Mammadov, Chairman of KOBİA. The announcement was made at the Fifth Young Entrepreneurs Forum in Baku, underscoring the government's increasing focus on fostering innovation among the nation’s young entrepreneurs.
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