Baku hosts the 44th session of the ministerial meeting of the Organization of Railways Cooperation (ORC).
Speaking at the meeting, Deputy Prime Minister Abid Sharifov said Azerbaijan had invested about $ 25 billion in the development of transport infrastructure. More than 10,000 km of roads have been built across the country, and five international airports were built in the last five years in full updating the civil aviation fleet.
Azerbaijan has been an ORC member since July 1993. ORC is an international organization established at the ministerial meeting in Sofia, Bulgaria on June 28, 1956.
ORC members are the Ministries of Transport and central government agencies of 27 countries. --17D-
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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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.
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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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