Today Azerbaijan Caspian Shipping Company has put into operation a high-speed passenger ship Rashid Behbudov, a tanker Ganja and a freighter Gafur Mammadov. The ceremony was attended by President Ilham Aliyev. The tanker Ganja with a load capacity of 7,000 tons is one of two new tankers ordered by Caspian Shipping Company and Caspian Marine Services Alliance. This tanker is able to move in shallow waters. The technical indexes of the Ganja will provide it an opportunity to enter shallow-water ports on the Caspian Sea, as well as move in the Volga-Don and Volga-Baltic channels.
The speedy passenger ship constructed on the Australian shipyard Austal and commissioned by the Caspian Shipping Company and Caspian Marine Services Alliance is designed for 150 passengers. The vessel will carry out orders of BP.
The cargo ship Gafur Mammadov with a load capacity of 3,000 tons was built in order to update the cargo fleet. -71D-
Economics
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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Azerbaijan and Tatarstan continue to strengthen trade and economic cooperation, based on mutual interests in energy, mechanical engineering, petrochemicals, agriculture, and transport. Bilateral relations have shown steady growth, supported by regular visits of official delegations and participation in international economic forums.
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