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
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Azerbaijan significantly increased its rice imports to 52,500 tons in the first nine months of 2024, marking a 15.1% rise in physical weight and a 33.3% rise in import value compared to the same period in 2023, according to government data. The average price per ton of rice climbed by 15.8% to $1,042.17, up from $899.77 last year, further underscoring Azerbaijan’s reliance on imports to meet domestic demand, with 85% of the country’s rice needs covered through foreign sources.
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The State Tax Service of Azerbaijan has called on businesses to conduct non-cash payments solely through POS terminals, requiring merchants to issue receipts from both the POS terminal and cash register for transparency, as part of efforts to curb card-to-card transactions outside regulated channels.
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The Green Climate Fund (GCF), an operating entity of the financial mechanism of the UN Framework Convention on Climate Change (UNFCCC) and the body responsible for implementing the Paris Agreement, has included Azerbaijan for the first time in its list of countries eligible for funding.
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The International Telecommunication Union (ITU), the Permanent Mission of the Republic of Azerbaijan to the UN Office in Geneva and the Ministry of Digital Development and Transport organized for the heads of about 30 diplomatic missions accredited in Geneva a special briefing on the initiative "Green Digital Action", which will be presented during COP29 in November in Baku, the Ministry of Digital Development and Transport of Azerbaijan reported.
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