Baku hosts the 44th session of the ministerial meeting of the Organization of Railways Cooperation (ORC).
Judging by the statements of the Chairman of CJSC Azerbaijani Railways Javid Gurbanov, the Georgian section of the Baku-Tbilisi-Kars railway is actually completed and now the agenda includes landscaping of the adjacent territory and work in Turkey. If agreed, this section will be put in operation by the end of the year.
"That is, in the beginning of next year, the recipients will be able to get safe conditions for the delivery of goods in a short time and much cheaper than it is now. The project is regularly negotiated with different countries on the facilitation of cargo transportation through the territory of Azerbaijan, which will lead to significant increase in traffic," he said. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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