Azerbaijan passed Ukraine a draft agreement on the establishment of the international transport corridor "Baltic Sea - Black Sea - Caspian Sea", reported on Friday the press service of the Ministry of Regional Development of Ukraine.
According to the vice-premier of the country Gennady Zubko, the transport corridor synchronizes several freight routes and will foster the development of an integrated transport strategy for the region. Besides the fact that between Kiev and Baku continues cooperation on the project "Silk Road", as the results of the test container train on the route Ukraine - Georgia - Azerbaijan - Kazakhstan - China proved technical and technological possibilities of such shipments. On June 23 it became known that China is planning to invest $15 billion in "Economic Belt of the Silk Road, " - a project that will link the Far East, Central Asia and Europe. -02D-
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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