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
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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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