Over three quarters of 2013 transit cargo transportation in Azerbaijan section of the Corridor TransEvropa -Caucasus- Asia (TRACECA) amounted to 11 million tons. This is by 6.2 % less than in the corresponding period last year.
The State Statistical Committee (SSC) does not register goods in transit by commodity nomenclature.
The SSC told Turan, that income from transit is 107.4 million manat, which is by 7.3% less than in the comparable period last year.
Interregional TRACECA technical assistance program was initiated in May 1993 to develop a transport corridor from Europe through the Black Sea, the Caucasus , the Caspian Sea with access to the Central Asian countries. The countries which join the project apply reduced rates for carriages. --08D—
Economics
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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.
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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.
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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.
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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.
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