For the first two months of 2013 transit cargo transportation in the Azerbaijan section of the corridor Trans Europe - Caucasus - Asia (TRACECA) amounted to 2 million 852.5 thousand tons. This was 0.1% more than in the corresponding period of 2012. Last year the freight along the corridor as a whole decreased by 3.2%.
In the State Statistics Committee they told Turan that the share of railway accounts for 1 344.1 thousand tons (+3.9%) and maritime transport accounts for 1 508.4 thousand tons (3%) of transit.
According to the State Customs Committee, in January and February of 2013 the volume of freight transportation through the territory of Azerbaijan amounted to 3,087 tons (46.3%).
The program of inter-regional technical assistance program TRACECA was initiated in May 1993 to develop a transport corridor from Europe through the Black Sea, the Caucasus, and the Caspian Sea with access to the Central Asian countries. - 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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