Electric trains will be launched to the Baku International Airport in Bina (25 km). Yesterday this project was presented to President Ilham Aliyev at the presentation of the new 2-storey trains brand KISS produced by the Swiss company Stadler Rail Group.
During the European Games these trains will run between Baku Railway Station and the metro station Koroglu. Each train consists of 4 cars for 919 passengers (84 seats - in business class).
Later trains will run on the circle line Baku-Sumgayit-Baku (91 km).
At present, the road is reconstructed and will be divided into two parts: Baku-Bilajari-Sumgayit (42 km) and Baku-Zabrat-Sumgait (49 km). On a plot of 55-km the reconstruction has been completed.
In this way the movement of 10 trains is planned. Taking into account the stops, the average speed of the trains will be 63 km per hour. Travel time from Baku to Sumgayit will be 40 minutes. There will be just three stops – in Keshla, Bilajari and Khirdalan.
Before the train overcame this way in 1 hour 22 minutes.
On the way Baku-Zabrat-Sumgait trains currently pass for 1 hour 29 minutes.
Here are 5 stops - Koroghlu, Bakikhanov, Sabunchu, Zabrat and Pirshagi.
This railway is projected to transport 30-35 thousand passengers on 10 trains per day. -06D-
Economics
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The Union of Chambers of Commerce and Industry (UCCI) of the Organization of Turkic States (OTS) held its General Assembly in Baku on December 26, highlighting dynamic economic growth and deepening integration among member states. Representing Azerbaijan and other OTS member states, business and government leaders discussed trade, investments, and regional connectivity projects.
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Rice imports to Azerbaijan have soared to unprecedented levels during the January-November 2024 period, reflecting both rising domestic demand and increasing global food prices. Over this period, the country imported 60,400 tons of rice, marking an 18.6% increase in volume and a 35.3% rise in value compared to the same period in 2023.
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Over 17,750 life insurance contracts and 40,661 property insurance contracts were signed through Azerbaijan’s Mortgage and Credit Guarantee Fund (MCGF) between 2022 and 2024, reflecting the growing role of the Fund in strengthening the housing finance and insurance markets. These figures were revealed by Rasim Abdullayev, Director of the Mortgage Lending Department at MCGF, during the seminar "Tools for Supporting Housing Finance and Entrepreneurship."
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The value of paid services provided to the population in Baku reached 6.94 billion manats in the first eleven months of 2024, reflecting a real-term increase of 9.2% compared to the same period in 2023, according to data from the Baku City Statistical Department.
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