The development and prospects of the Trans-Caspian international transport route (TMTM), which is an integral part of the transport corridor East-West, were discussed in China at the meeting of the Azerbaijan Railways’ head Javid Gurbanov with the head of the Shanghai branch of DHL Allen Chen.
The German company representatives expressed their interest in the implementation of transportation between Asia and Europe, using the corridor passing through Azerbaijan. It was noted that after the commissioning of the Baku-Tbilisi-Kars railway, the volume of cargo transportation along the corridor will increase and at the same time reduce the time of delivery of goods between Asia and Europe.
To date, DHL has sent five container trains through the territory of Azerbaijan.
The Azerbaijan Railways’ head visited the cargo terminal of the company DP DHL Global Forwarding in Shanghai. --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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