The Ambassador of Japan to Azerbaijan Tsuguo Takahashi at a meeting with the delegation of Caspian Energy International Media Group outlined the priorities of bilateral cooperation in the field of non-oil economy.
According to him, in view of the construction of a plant to assemble Isuzu trucks, other Japanese investors are also eyeing the pace of improvement of the investment climate in Baku and beyond. "Official Tokyo has invested soft loans in the construction of thermal power plants, so the sixth part of the local electricity is produced with the support of the Japanese government," said Takahashi, recalling that his country is totally dependent on imports.
The Ambassador recalled that Japan buys 8% of its oil from Russia, and the rest - in the Middle East, so they are interested in the development of the Caspian oil, and added the wish of the imminent visit of a high-ranking delegation from Tokyo to Baku. --17D-
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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