The first freight train in the framework of the project North-South will depart from Mumbai (formerly Bombay, India) to the Iranian port of Bandar Abbas presumably by ferry in August. Then it will go by rail to Rasht, and further – by trucks to Astara (Azerbaijan) and from there again by train - to Moscow, the head of CJSC Azerbaijani Railways Javid Gurbanov told reporters.
"The end point of a pilot shipment of goods is still the capital of the Russian Federation. However, depending on how the new route will be formed, cargo from India may be carried to St. Petersburg and then to Helsinki," he said.
Recall, the agreement signed by Azerbaijan, Iran and Russia in 2005 provides for the construction of segments of the railway on the territory of Iran stretching 375 km, as well as between Astara and the Azerbaijan-Iranian border. In addition, it provides for the reconstruction of the Azerbaijani railway. The total cost of the project is $ 200 million. --17D-.
Economics
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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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