The first step to creating a hub of logistics in Azerbaijan has been made. The Executive Director of the German company DHL Eastern Europe Kerem Behcet Inanc also led the local representative.
The subsidiary DHL Global Forwarding Azerbaijan is registered in the Ministry of Taxes and entered the Ministry’s registry with nominal registered capital of 100 manat.
Recall, the agreement on the establishment of a logistics hub for the transit of goods from China to Europe was reached in Istanbul on May 22 at a meeting of heads of CJSC Azerbaijani Railways, DHL representative for Eastern Europe in the face of Inanc and the DHL representative in China Steve Huang.
DHL with headquarters in Bonn and the main hub in Leipzig was founded in 1969 and is a leader in the global logistics market. More than 5,000 offices operate in 120,000 cities of 200 countries. They have 300,000 employees. --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