The Chairman of CJSC Azerbaijani Railways (AzR) Javid Gurbanov is visiting Europe, where he is promoting a new transport route South-West.
According to the AzR press service, on 2 November in Vienna, he met with the head of the group Austrian Federal Railways Andreas Matt.
During the meeting the parties discussed the possibilities of cooperation in the field of freight and passenger traffic between Europe and Asia.
At the meeting, Andreas Matt said about the need to continue the discussion of prospects of cooperation within the framework of South-West.
Following the meeting, the parties agreed to normalize relations between the railways of Azerbaijan and Austria to deepen co-operation and discuss the relevant projects
Prior to this, the possibilities of the rail corridor South-West were discussed in Iran, Kazakhstan and China.
The corridor will operate on the route India – Gulf – Iran – Azerbaijan – Georgia - Black Sea - Europe. ----08D
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review