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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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