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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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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