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 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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