The exhibition Transport, Transit, Logistics TransCaspian-2015 became a place of agreement between CJSC Azerbaijan Railways and the company Stadler Rail Group on the purchase of five double-decker electric trains brand KISS.
Today, after signing the agreement, the chairman of the Board of JSC Azerbaijani Railways Javid Gurbanov told journalists that according to the agreement, the first two trains consisting of 4 cars will be delivered to Baku in June. They will temporarily operate between the Baku passenger station and the railway station near the metro station Koroglu for passengers during the first European Games in Baku. The remaining 3 trains are scheduled to deliver to Azerbaijan in January next year. It is assumed that these trains will connect Baku and Sumgait through the town of Khirdalan.
Regarding the value of the contract, Gurbanov said that it is about 60-70 million Euros. The procurement is carried out in the loan maturity of 20 years.
The number of seats on the train KISS is 396, including 84 seats of the business-class-category. ----08D
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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