Azerbaijan hosts international conference "The railway line Baku-Tbilisi-Kars - new opportunities in the development of the historical Silk Road."
The President’s address to the participants was read by the Deputy Prime Minister Abid Sharifov. According to the text, the project will provide a more efficient use of transport and transit potential of the Caspian region and contribute to the development of transport between Europe and Asia. "Sustainable economic point of view, safe and fully complies with environmental regulations, this railway line marks the beginning of a new stage in the development of transport", the head of the state noted. According to Aliyev, the Baku-Tbilisi-Kars railway will promote multi-modal transportation options, as well as provide an increase in freight and passenger traffic.
During the conference it became clear that new members - Afghanistan and Kazakhstan – intend to join the project. --17D-
Economics
-
The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
-
Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
-
Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
-
Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
Leave a review