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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As a significant step toward strengthening Azerbaijan's position in global trade, the "International Trade" working group of the Commission on Business Environment and International Rankings held a videoconference to review progress achieved and set objectives for 2025. Key participants included the First Deputy Minister of Economy, Elnur Aliyev; the Head of the Economic Reforms Monitoring and Evaluation Sector, Vusal Shikhaliev; and the Deputy Chairman of the State Customs Committee, Natig Shirinov.
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Under the auspices of Azerbaijan’s Ministry of Economy and the Azerbaijan Export and Investment Promotion Agency (AZPROMO), a pivotal exporters’ meeting was held this week in Baku. The event brought together government officials, industry leaders, and entrepreneurs to review progress in export operations over the past year and set ambitious goals for 2025.
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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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