Contract on Supply of Electric Trains between Azerbaijan Railways and Stadler Group Fulfilled
JSC Azerbaijan Railways (ARW) received the entire contractual party of double-decker passenger trains KISS, ordered from the Swiss company Stadler Group at its plant in Minsk (Stadler Minsk).
According to the contract, just since May 30 last year there were delivered and tested 5 trains consisting of four carriages and able to accommodate 919 passengers, including 396 seats, and 84 business class seats.
Recall, the contract between ARW and Stadler Group worth about 70 million Euros was signed on May 13 last year. The funds will be transferred in installments for 20 years. --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