According to the Azerbaijani Ministry of Economy, a railway bridge will be laid in Astara over the river of the same name on April 20. It will connect two towns of the same name in Azerbaijan and Iran.
After the ceremony, the meeting of co-chairs of the intergovernmental commission on economic, trade and humanitarian issues will take place. Baku is represented by a delegation headed by the Minister of Economy Shahin Mustafayev, and Tehran is represented by a delegation headed by the Minister of Communications and ICT Mahmoud Vayezi.
Recall, according to the plans for the implementation of the transport corridor North-South, along with the construction of the bridge, an 8-kilometer stretch of the railway will be built on the territory of Azerbaijan and a 2-km section will be built in Iran. This will let transport goods from India, South Korea and China through the Iranian port Bandar Abbas on transit through Azerbaijan to Russia, Georgia, Ukraine, etc. --17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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