JSC Azerbaijan Caspian Shipping Company signed an agreement on establishing a joint venture with the Odessa Marine Engineering Bureau in Baku on December 13.
The new company (Caspian Marine Engineering Bureau) will carry out planning and design work on the design of vessels for various purposes, their repair and upgrading, software and databases, as well as specialist training.
In October and November of this year on the basis of a joint project of the Caspian Shipping Company and the Odessa Marine Engineering Bureau orders were submitted for the construction of two types of steamship Ro / Pax and two tankers. ------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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