Today's plenary session of Milli Majlis ratified an intergovernmental agreement on the coordination of railways of Azerbaijan and Iran.
According to the chairman of the Parliamentary Committee on Economic Policy, Enterprise and Industry Ziyad Samadzade, the document will accelerate the work on the bilateral cooperation and within the North-South project in the railway transport sector.
The agreement provides for the construction of a railway from Astara, Azerbaijan to the border with Iran, with the length of 8.3 km, the completion of the road Qazvin-Rasht in Iran, as well as the construction of the Rasht-Astara road (164 km).
In addition, cargo handling terminals and border crossings will be built in both states, and the very same section of the railway Astara - Astara will be given to the mutual use
Moreover, the conditions will be created for the transport of goods and passengers along the route Baku-Astara-Rasht-Qazvin-Tabriz-Julfa-Nakhchivan, organized by the movement of the passenger route from Nakhchivan to Mashhad via Julfa, Tabriz and Tehran.
At the meeting, the parliamentarians also adopted in the final reading the draft laws On Agricultural Cooperation and On Science. According to the chairman of the Agrarian Policy Committee Eldar Ibrahimov, co-operation of small and medium-sized businesses in particular will greatly benefit the development of agricultural industry. --17D-
Economics
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
-
S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
-
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.
-
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.
Leave a review