In the first nine months of this year, the state of CJSC Azerbaijani Railways (ARW) got the best of cargo and passenger transportation 168.5 million manat. After taking into account tax profit operator of rail transport was 6 million manat.
Chairman of the Board of JSC ARW Arif Askerov, speaking in the official press, said that the bulk of revenues (157.3 million manat) accounted for freight. Since the beginning of the year were transported by railway 17.1 million tons of cargo. The share of passenger traffic accounted for 11.2 million manat. From delivery to the destination of one passenger there was bailed 5.90 manat.
In the framework of the project "Support Rail Trade and Transport" this year has been overhauled 110.8 km railway to the main rail Baku - Boyuk Kesik. Total in 2011-13 years was repaired 281.1 of 317 kilometers of roads in need of repair at the site. - 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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