In the first half of the year 26.3 million tons of cargo was carried via Azerbaijan in the framework of the Eurasian transport corridor (TRACECA), said the State Statistics Committee. This is 1.8 million tons or 6.4% less than in January-June last year.
The largest share was for road transport - 56.3%, the railways carried 30.7% of the transported goods, while the remaining 13% was for sea-going vessels. Approximately 19.5% or 5.1 million tons of cargo was transported on transit.
By July 1, 161.1 million people crossed this corridor.
The freight traffic generated 259 500 000 manats (+7%) and the passenger traffic generated 59.9 million manats (+ 14.4%).
TRACECA crosses Eurasia from Shanghai (China) to Frankfurt (Germany). The route includes Azerbaijan, Georgia, Turkey, Kazakhstan, Bulgaria, Romania, and Ukraine. In addition, the parties are Moldova, Uzbekistan, Tajikistan, Kyrgyzstan, Afghanistan and Armenia. --17D-
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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