In the course of the meeting between the Chairman of the Board of CJSC Azerbaijani Railways Javid Gurbanov and the Chief Executive Officer of DHL Company for Eastern Europe Steve Hyuang in Istanbul a memorandum of intent was signed on establishing a regional logistics hub in Azerbaijan.
As the press service of the Azerbaijani Railways said, transit goods coming from China to Azerbaijan will be distributed later to Turkey, Europe and Russia via this hub.
The Azerbaijani Railways did not specify the location of the logistics hub. It might be the Baku International Trade Port built in the Alat settlement, in whose territory it is also planned to create a free economic zone. ---08D
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review