The international transport corridor North - South is entering the implementation stage.
In Minsk on the eve of the 62nd session of the Council for Rail Transport of CIS CJSC Azerbaijani Railways and JSC Russian Railways signed a memorandum of cooperation. The document was signed by the heads of the departments, Javid Gurbanov and Vladimir Yakunin.
The information board says that the document is intended to intensify use of the transit potential of rail transport of both countries to increase the volume of traffic on the route Iran - Azerbaijan - Russia - Europe. The memorandum provides for the development of the international border crossing Yalama (Azerbaijan) - Samur (Russia) and approaches, the introduction of electronic document management, fulfillment of financial obligations and the establishment of competitive tariffs for transportation of passengers and cargo, the effective use of freight cars and so on.
For the implementation of the memorandum a working group will be established. --17D-
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