Azerbaijan considers participation in the project Viking Train as the possibility of expanding the containerized freight traffic on the international transport corridor North-South. "The turnover of goods between Northern Europe, Iran, India, Pakistan and Arab countries is high. Construction of the missing link in the chain Astara (Azerbaijan) Astara – Rasht - Kazvin (Iran) will increase the importance of Azerbaijan in this transport corridor," the press service of the State Railways said.
* The combined transport train Viking is a joint project of the railways of Lithuania, Belarus and Ukraine, stevedoring companies and ports Klaipeda, Ilyichevsk and Odessa. The route passes through Ukraine, Belarus and Lithuania and connects the chain of maritime container and piggyback lines of the Baltic region with similar systems of the Black, Mediterranean and Caspian Seas. ---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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