On December 28, President Ilham Aliyev signed a decree on separating "Azeryolservis" from the structure of the Ministry of Transport. By another decree of the head of state, Saleh Mammadov was appointed a chairman of the board of "Azeryolservis", which is engaged in the construction and repair of roads in the country. Previously from the structure of the Ministry of Transport was separated the CJSC "Azerbaijani Railways". The Cabinet of Ministers was commissioned within a month to draft a new constitution and structure of "Azeryolservis."
Highways that are on the balance of the Ministry of Transport were transferred to the balance of "Azeryolservis." In this regard, budget funds for management, repair, maintenance, protection and reconstruction of roads will be provided by "Azeryolservis" directly. -08D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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