State Statistics Committee published an information about the dynamics of tariffs in the transport sector in May, according to which particular "live" were fares in rail fares.
In May, compared with April, tariffs for freight and passenger traffic decreased. The CJSC "Azerbaijani Railways" has reduced the average tariff on exports of goods by 6.7%, imports - 1.3%, and transit - 1.1%, and on the local communication - 3.5%. Passenger carriages on international communication dropped by 6%.
Local airlines have increased ticket prices in the CIS countries by 1.3%, while in other countries rates dropped by an average of 0.4%.
In May, the rate for the transportation of oil through pipelines dropped by 0.4%. --08D--
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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